The podcast discusses the aftermath of deadly wildfires in Maui and the community's efforts to rebuild. It focuses on the work of Elemental Accelerator, a nonprofit investor in climate technology that collaborates with local nonprofits. The podcast also highlights projects in Hawaii to reduce carbon intensity and the importance of local involvement and community investment in driving climate solutions. It shares the success story of Kauai in rebounding from a hurricane by embracing renewable energy. Additionally, it explores the importance of climate jobs and internships for diverse voices in the industry.
Community-oriented technology investments can help address the unique challenges faced by Hawaii in the ever-worsening climate crisis, with the potential to scale well beyond the islands.
Investing in technology that is informed by and designed for specific communities, while focusing on deep community impact, can drive climate and social impact simultaneously.
Deep dives
Community Connectivity is Key in Disaster Recovery
Studies have shown that the strength of social ties and community connectivity is crucial for a community's recovery from natural or climate disasters. In the aftermath of deadly wildfires in Maui, the community is focusing on rebuilding what was lost. Elemental Accelerator, a nonprofit investor in climate technology, partners with local nonprofits in Hawaii to create climate solutions that address the unique challenges faced by the state. By leveraging local knowledge and community needs, Elemental Accelerator aims to develop solutions that can scale beyond the islands and be applied globally.
The Importance of Local Solutions and Global Impact
Dawn Lippert, the founder and CEO of Elemental Accelerator, emphasizes the significance of investing in technology that is informed by and designed for specific communities. Local technology investments can help accelerate climate solutions while addressing the needs of underserved populations. Elemental Accelerator's diverse portfolio includes companies that serve low and moderate-income communities and work closely with community partners. By focusing on projects with deep community impact, Elemental Accelerator aims to drive climate and social impact simultaneously.
Lessons Learned from Maui's Recovery and Resilience
The recovery process in Maui highlights the importance of community resilience in the face of climate disasters. It is crucial to wait for an invitation from the community before providing assistance and to work closely with them throughout the recovery journey. Elemental Accelerator, through its portfolio company based in Maui, underscores the significance of community ties and long-term commitment in achieving successful recovery. The company also emphasizes the need for authentic community engagement in all climate projects, emphasizing that an invitation from the community is crucial for effective deployment of technologies.
Addressing the Missing Middle in Climate Technology
Elemental Accelerator acknowledges the gap in climate technology investments between early-stage innovation and scaling proven technologies. The organization focuses on financing projects between $5 and $100 million, working with entrepreneurs to deploy technologies in communities. This 'missing middle' requires both capital and community involvement, combining the investment needs with the local expertise and support. Elemental Accelerator aims to bridge this gap through community-oriented technology investments, strengthening the ties between technology, capital, and community for successful scaling and deployment.
Three months ago, deadly wildfires swept across the western shore of Maui. It was the deadliest environmental disaster in Hawaii’s history. Now the community is rebuilding, and around the state residents are preparing for more extreme weather events.
Elemental Excelerator, a Honolulu-based non-profit investor in climate technology, relies on local knowledge to create a wide range of climate solutions. The organization pairs technology startups with local nonprofits, which have a deep understanding of community needs.
This model aims to address the unique challenges that Hawaii faces in the ever-worsening climate crisis. Elemental says these solutions can scale well beyond the islands.
So, in the aftermath of the Maui fires, what is the community doing to rebuild? What other projects are underway across Hawaii? And how can local solutions be used at a global level?
This week host Bill Loveless talks with Dawn Lippert about community-oriented technology investments.
Dawn is the founder and CEO of Elemental Excelerator. In 2009, she created a climate focused investment platform called Energy Excelerator, which merged with the Emerson Collective eight years later to form Elemental Excelerator. Dawn also chaired the advisory board for the Hawaii Clean Energy Initiative from 2015 to 2020. In addition to leading Elemental, Dawn is a founding partner at Earthshot Ventures, and the founder and board member of Women in Renewable Energy.
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