📈 Clean energy index up 227% in five years, plus 💰15 crypto climate web3 projects
Your 3-minute summary of climate tech, impact investing, startups, better habits, and deep work.
Good morning, folks.
In today’s 3-minute read, we’ll cover these juicy nuggets:
227% growth of the NASDAQ Clean Edge Green Energy since 2017
187% growth of the EIP Climate Tech Index since 2017
15 crypto climate web3 projects
An investor philosopher says, “Work like lions, not cows.”
Enjoy.
— Chris
📈 Clean energy index up 227% in 5 years.
Is this good?
Yes — If compared to the S&P 500 (up 84%) and NASDAQ Composite (up 132%). 🎇
Has the performance been stable?
No — Check out those highs and lows below. 😬
Which companies are in this index?
Check out the list below the graph and a summary of their methodology here.
Is it the perfect list of clean energy companies?
No — that doesn’t exist. 🙄
Is it good enough to see what’s happening?
Oh yeah.
Want to play with the graph and change time periods?
Me too — Google Finance can help. 🤓
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📊 Climate tech index up 187% in 5 years.
How is this different from the prior clean energy index?
Same taco. Same restaurant. Different ingredients. 🌮
(That’s for my Austin, Texas readers.)
What happens if you change the time period? Or the size of the companies included?
Thanks to VC and PE firm Energy Impact Partner (EIP) for this helpful tracker.
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💰 WTF? — 15 crypto climate web3 projects
I mean, “Woah, that’s fantastic.”
Or that’s what I tell my 10-year-old daughter. 😎
Before you get excited or annoyed — I’m not talking about bitcoin.
Although if I was…
It’s worth showing its roller coaster pricing— and 2,983% increase over five years. 😵
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First, what in the heck is web3?
“A new iteration of the World Wide Web based on blockchain technology, which incorporates concepts including decentralization and token-based economics. Some technologists and journalists have contrasted it with Web 2.0, wherein they say data and content are centralized in a small group of companies sometimes referred to as "Big Tech". — Wikipedia
“Decentralized and fair internet where users control their own data, identity and destiny.” — The Web3 Foundation
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What are these 15 projects focused on climate?
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Confused? Me, too.
But these are threads that I want to pull on.
Ruined sweater, here I come.
If only my “Not To-Do List” was longer, I could find the time to get lost in this 🐇🕳️.
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Thanks to causeartist for this curation. Read more here.
📉 Beware of this data — 26% loss.
Mark Twain warned us:
“There are 3 kinds of lies — lies, damned lies, and statistics.”
If you were to shorten the time period on the NASDAQ Clean Edge Green Energy Index — from the first story in this newsletter — from 5 years vs. 1 year…
…You’d see it lose 26% of its value.
And underperform the S&P 500 and NASDAQ Composite.
Should we admit defeat?
Nah — We’re in the first inning of a long game. We will swing and miss sometimes.
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🦁 Investor-philosopher Naval Ravikant — Work like a lion, not a cow.
Many of us work too much.
What’s one reason for this?
We assume that work and output are strongly correlated.
But this should not be our goal.
As the founder of Angellist says below, we should hunt like lions, not graze like cows.
(Now if only there were a good vegetarian metaphor here.)
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"We'd like to view the world as linear, which is, I'm gonna put in eight hours of work, I'm gonna get back eight hours of output, right?
Doesn't work that way.
Guy running the corner grocery store is working just as hard or harder than you and me.
How much output is he getting?…
Outputs are non-linear based on the quality of the work that you put in. The right way to work is like a lion."
— Naval Ravikant
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That’s all, y’all.
Make it a great week, because it’s usually a choice.
— Chris
P.S. Thank you, Mr. pissed-off customer.
“Your most unhappy customers are your greatest source of learning.”
-Bill Gates
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Dr. Chris Wedding
Founder and Chief Catalyst, Entrepreneurs for Impact
The Only Private Executive Mastermind Community for CEOs, Founders, and Investors Fighting Climate Change