How do we support the clean energy transition
Taking CO2 out of the atmosphere is only one part of the puzzle. In order to run an effective and balanced program, one must also slow down the rate at which fossil fuels are released into our atmosphere in the first place. Changing the generation mix of our planet which is currently heavily dependent on fossil fuels by transitioning to more sustainable and clean sources of energy such as solar and wind is paramount for running an effective strategy to fight climate change. This much needed transformation is a key element of our action plan and as such, GFP invests a large portion of our members’ contributions in support of this energy transition.
Green Future Project backs the energy transition in two ways:
- About 20% of our members contributions are spent to buy green certificates. Green certificates are a tradable commodity which proves that electricity has been generated by a renewable energy source. These certificates are traded separately from the energy produced and as such provide a support to clean energy generators;
- GFP is committed to invest our post-operations cashflows in open-ended clean energy funds and, over the longer term, directly into greenfield renewable energy projects.