We want to make sure as much of your money as possible goes directly towards tackling climate change. That’s why 90% of your contribution goes to funding the wind and solar farms. That starts with funding the planning permission and lobbying process, and then, of course, the physical build and development of the sites. Another 8% goes towards getting the word out there about The Global Warming Solution and covering the risks of the developments. The final 2% is a management fee that goes towards the running costs of the organisation.
We’ve got big aims here at The Global Warming Solution. We want to push fossil fuels out of the picture by making renewable energy cheaper than anything available on the market. Our goal is to undercut fossil fuels in the wholesale market so that energy providers can purchase our energy, and in turn, pass it on to you at a cheaper price.
The result is cheaper energy for you and a better, more sustainable world for us all. But how will we do this? By operating our wind and solar farms at breakeven after refurbishment costs, rather than at a profit. Once complete, we’ll be producing the cleanest and cheapest possible energy at around just ~A2.0 c/kWh. Fossil fuels are usually ~A6.0 c/kWh and existing renewable energy is ~A6.5 c/kWh.
You become part of the people’s sustainable revolution; a community of like-minded people united in their purpose to solve climate change. On a more tangible level, you are directly contributing towards building one of the most sustainable cities in the world right here in Sydney.
Three potential sites in Sydney are already in negotiations with a four-year build timeframe for the first project. Your contribution goes towards securing these sites, lobbying local governments and National Parks Services to support the build, and then the construction of the wind and solar farms themselves.
Sydney will become a shining example of how cities can do better, and our ultimate aim is to transform the way the world consumes energy, city by city, country by country.
When you sign up as a contributor, you will receive a fortnightly email with an update on the progress of all of the above, plus practical advice and inspiration on how to live more sustainably.
The Global Warming Solution is starting with Sydney, turning the city into a flagship example of how energy can be done better.
There are three projects in the pipeline. One at North Head in north Sydney (eight turbines), another south of the city in Botany Bay (20 turbines) and one in the heart of the iconic Sydney Harbour (four turbines). These wind farms will transform the gateways to Sydney, and – combined with record rooftop solar uptake – will make Sydney one of the most sustainable cities in the world. Currently, the projects are at early stages with contributions supporting local government lobbying and procurement of planning permissions.
But of course, Sydney is just the beginning. We are already looking at projects outside of Sydney, starting with 15 turbines in Conroy’s Gap located South West of Yass in NSW.
We have an ambitious three-year fundraising target, with the $50m AUD required to build the first wind farm at North Head aiming to be raised by July 2023. Once we have raised the funds for the build, we expect the site to be fully complete and operational within approximately 12 months.
The Global Warming Solution has been the brainchild of our founder, Roger Bain, for fifteen years. With the recent spike in awareness and the declaration of a climate change emergency, the timing was right to launch the concept.
Roger is part of the Bain family, a family with a rich history of entrepreneurship across Australia and beyond.
It is safe to say that success runs in the Bain family’s blood; Lewis Potter Bain and Jim Bain were both Chairman of the Stock Exchange. Keith Bain was the founder of AGC Finance before it was acquired by Westpac. Netsy Bain’s Grandfather Albert Grace started Grace Brothers before it was acquired by Myer. And Jim Bain grew Bain and Company into a significant Investment Bank before it was acquired by Deutsche Bank.
Roger Bain has spent decades researching wind farms and solar energy as part of his engineering and sustainable development career. Often, sustainable energy initiatives come from activists or scientists, The Global Warming Solution is led by astute business leaders and experienced engineers, who will ensure that your investment becomes a reality.
The Global Warming Solution is not a charity, and this was a conscious choice. There are certain limitations as a charity that would discourage us from achieving our goals. The world is already moving too slowly when it comes to embracing renewable energy. By operating as a business rather than a charity we can scale quickly and make the most difference.