Green Options

Excuse Me, Waiter? What Year is this Carbon?

Gazing into the future of a carbon market, two things seem certain: a fundamental change to the economy and sweeping land reforms.

There are two well known and highly charged sayings about land:

—–agriculture is the foundation of economic growth
—–all land use is inherently political

The fast approaching world of a carbon market could see how we use land becoming the most important issue in stopping climate change becoming a disaster for mankind.

As the largest consumer and small business bank, BofA (NYSE: BAC) can have a major positive or negative impact on the environment. Since March, 2007, the bank has taken on a $20 billion initiative to “encourage environmentally friendly business activity” over the next decade. Applauded by some and criticized by others, just how green is this bank?

Crystalline Tower Office Building in Manhattan

BofA’s new 2.1 million square foot, 54 story tower is being heralded as the world’s greenest skyscraper. This $1 billion glass, steel, and aluminum skyscraper will use significantly less water and energy, while providing a healthy indoor environment.

It features a passive solar design, the use of recycled and renewable materials, and work stations with individual climate controls. Natural elements include the use of rain water and a green roof reduces energy use for heating and cooling. A graywater system will reuse waste water from sinks to flush toilets. A 4.6 megawatt cogeneration plant will generate heat and electricity.

I know the question burning in your mind right now is “How much would I have to pay to own three copies of ABBA’s Definitive Collection all for myself?”. Not just the Greatest Hits or the Mamma Mia soundtrack. No, the one with the word “definitive” in the title. We wouldn’t mind telling you exactly how much it’d cost.

But before we do that, we’d like to tell you about a different way to spend the same amount of money. While this option wouldn’t have you rocking out to Swedish 80’s pop songs, it would let you personally prevent a measurable amount of pollution from some of Europe’s biggest greenhouse gas emitters.