Taking care of the next generation has been part of doctors Jean-Pierre and Ariane Alimenti’s every day for the past thirty years. This accomplished husband and wife team have dedicated themselves to tackling some of the toughest children’s health issues--Ariane as a pediatrician for children affected by HIV, and Jean-Pierre as a pediatric endocrinologist, who today is focused on improving access to medicine for children in low-income countries.
But with climate change and concerns about what life for their two daughters could look like thirty years from now, taking care of future generations has taken on a whole new meaning.
“We’ve been concerned about climate change for years, but these days it feels like it’s happening right before our eyes,” said Jean-Pierre, who lives in Vancouver, this summer downwind from some of the worst wildfires in British Columbia history. “It’s a frightening contrast when you look at the slow pace of change in our lives and our laws.”
“They say ours is the first generation to feel the impacts of climate change and the last to be able to do anything about it,” he said. Recently he’s been thinking more about what that means for him and Ariane.
“Ours was the generation that had it all and that’s a big responsibility. This investment is just one of the ways we’re paying it forward for our daughters’ generation.”
Disappointment in government action--the federal government’s recent buyout of the Kinder Morgan Pipeline, for example--have led the couple to seek out solutions to climate change that put power back in the hands of individuals and communities.
Like many west coasters, they’ve already adopted a green lifestyle--walking, biking, taking transit, going plastic free, favouring sustainable companies--but their recent investment in clean energy with CoPower Green Bonds represented a new way to make a difference for the climate.
“Ours was the generation that had it all and that’s a big responsibility. For those of us with good, stable jobs, even more so. This investment is just one of the ways we’re paying it forward for our daughters’ generation,” said Jean-Pierre who gifted CoPower Green Bonds to daughters Camille and Manuelle in addition to adding them to their own portfolio.
You could call Jean-Pierre’s investment strategy to-date a “do no harm strategy.” Over time he has been working to clean up the couple’s portfolio, selling off non-green investments like oil and plastics. Beyond minimizing environmental damage, his investment in CoPower Green Bonds represents the addition of a product that actively supports the clean energy transition.
“We’re looking at retirement in the next five years, so an investment with a good, predictable return and the opportunity to give back in a way that supports future generations was attractive to us.”
Jean-Pierre, who manages his and Ariane’s investments describes his approach as “cautious and diversified.” “We’re looking at retirement in the next five years, so an investment with a good, predictable return and the opportunity to give back in a way that supports future generations was attractive to us.”
“With green bonds, I could understand where the returns were coming from. The building we live in is considering a LED retrofit like the kind behind CoPower’s portfolio so I get the economics. That gave me comfort.”
As for the potential green bonds and similar solutions could have in persuading others that being green doesn’t have to mean sacrificing returns, comfort or convenience, Jean-Pierre is hopeful.
“Changing mindsets will come down to showing people that making the green choice can mean a better quality of life.”
“Changing mindsets will come down to showing people that making the green choice can mean a better quality of life,” he said. “We need to make very big changes to the way we live and the way our economy is structured, but many of those changes will actually result in healthier, more prosperous and resilient communities.”
“My daughters give me hope. For them, the sustainable choice is the default choice. They’re part of a generation ready to live a very different life.”
Editor's note: Jean-Pierre’s investments were in CoPower's third issuance of Green Bonds (Green Bond III) which is now available. This blog was solicited by CoPower and may not be representative of the views of other investors or potential investors in CoPower Green Bonds. Please consult the Offering Memorandum of CoPower Finance Inc. dated May 11, 2018 for all material information in respect of CoPower Finance Inc., the third issuance of CoPower Green Bonds and the terms of the offering of the third issuance of CoPower Green Bonds.