Tom Rand, Cleantech Practice Lead at MaRS Discovery District, inventor of the Green Bond, previous entrepreneur and successful Venture Capitalist talks about his journey to build "the continent’s greenest hotel" - Planet Traveler.
Rand sees the world through green-colored glasses. There is too little time and too much at stake to invest in “green” technologies that do not succeed in effecting a substantive reduction in carbon emissions. Low carbon technologies represent a third-industrial revolution that Rand believes must take place. And soon.
In pursuing the goal of building the greenest hotel, Rand didn’t waste time quibbling over payback periods on geothermal heat exchangers, or spend months negotiating with government agencies to obtain retrofit grants. In fact, Rand and his partner are making this project work without the help of any grants or subsidies as an example to others that the adoption of green technologies isn’t prohibitively expensive. Day-to-day building operations are responsible for 40 per cent of the world’s carbon emissions: a huge market. And greening buildings are the low-hanging fruit of carbon emissions reduction, ripe for the adoption of new green technologies.
Rand talks about City cooperation, payback periods, technology and financing options and how to measure the cost savings of green technologies.