Posts Tagged “money”

what you do with your money actually says more about what you believe than what you say

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industries that produce consumables must employ green business practices to assure the continuity of the natural resources that feed their industry.

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The World Bank has now committed to even more challenging goals on clean energy.

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Green_Bulb01What if you could cut your electric bill in half and be greener at minimal or no net cost to you? Given the innovations, developments and publicity that promote a greener world, it seems inescapable that you have to spend more money to go green. But let’s explore a little deeper.

Let’s ask the tough questions. Why should it cost more for recycled products than for original? Why does a hybrid vehicle cost several thousand dollars more than a conventional when they only improve fuel economy by 10-12%? Why would someone pay $200,000 for a geothermal system to heat and cool their home? Why should it take 10 to 20 years to break even on solar or wind power or solar water heating? Are we really saving our forests by using more expensive non-wood materials? Why do biofuels cost more to produce than petroleum fuels?

The obvious reason that more people are not jumping on the green wagon has to do with financial considerations. In some instances higher costs might be justified by the benefits, but frankly, it is generally cost prohibitive to go green. Sure, Hollywood is full of greenies. It’s free publicity to promote love for the planet and it’s a nice tax break, too!

Forget Main Street, let’s go all the way to my street, where I have to balance my checkbook or go to my online bank site every few hours to track my spending. So what’s my point? There are lots of ways you can go green and save money, and if that’s true, then we should spend some time exploring ways of going green without going broke.

In this blog I want to explode some myths about some much-publicized green ideas. I want to motivate you toward a more sustainable life. I want to give you some food for thought about some obvious and some not so obvious ways you can be green and save some green.

Here are some specific ways to benefit from the green wave without the dramatic switch to renewable energy. First, let’s talk about some things you can do immediately that will “reduce your carbon footprint” and, if you apply them all, you could cut your electric bill by 50% or more. What could you do with that much more disposable monthly income?  Read More . . .green_world02

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green-moneyUntil very recently, the overwhelming opinion of the financial world has been that green energy is a great idea but the real money is still to be made in fossil fuels.  That viewpoint is beginning to see the first indicators of change.   Some leaders in financial markets are making bold statements like this:

“For a number of years there has been talk about the importance of sustainable energy, but targets have not been achieved when it comes to creating it. The tide is, however, changing. Government initiatives have an important role to play. We expect renewable energy markets to grow significantly in 2010 and thereafter following the introduction of favorable incentive schemes.”  (6-22-09, Roberto Cominatto, current manager of the Julius Baer Energy Transition Fund.)

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