Benefits

Financial and economic security:
Community ownership of renewable energy systems through equitable structures promises low-cost energy by keeping profits and dividends in the community. The community gains sustainable, renewable-energy assets that deliver a sustainable retirement income by selling low-cost renewable energy to industry into the future. Any investment made from superannuation will comply with United Nations Principles for Responsible Investment (see below). This project has the potential to create tens of thousands of new jobs that will be sustainable into the future.

 

Positive Global Reputation:
A growing number of countries -- Denmark, Germany, Spain, USA, Brazil, China and others -- are making the transition to a sustainable economic base and Australia risks being left behind and irresponsibly losing business investment to countries that offer low-cost renewable energy.

 

Environmental Sustainability:
Given the rapidly expanding global population and the fact that we exist within a closed system (the ecosphere), growth on the current trajectory places our standard of living at risk. Growth on a sustainable base is the only path to continued prosperity. It is now time to convert the Australian economy to a sustainable base. Renewable-energy generation is the cornerstone of that transition.

 

Social Justice:
The financial plan to be adopted by p2p2020 ensures that each Australian will be able to engage in direct ownership of the proposed enterprise. Providing an entirely new and sustainable retirement income for all Australians is possible only if we attain critical mass. Our plan supports Australian workers to move from unsustainable industries and jobs to sustainable industries and jobs; and creates many new sustainable jobs in the process.

Once at critical mass, we will provide encouragement for our governments to switch from the private vested interests of a minority, to the collective interests of the majority.

United Nations Principles for Responsible Investment (PRI):
These voluntary Principles were created by a young Australian, Dr James Gifford. Australia has more funds under management committed to the PRI, as a percentage of total assets, than does any other country. The voluntary Principles aim to assess the risks of potential investments for environmental, social and governance (ESG) factors.

The challenge to date for funds managers has been how to integrate ESG factors into investment decisions and ownership practices. The p2p2020 economic analysis will have fully integrated these factors into its final business case, thereby offering a full solution to the challenges faced by fund managers. The p2p2020 offer will be prepared to meet the PRI.

 

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