Green Options » credit crunch

Why the Financial Crisis Spells Doom for the Climate Change Fight

Tom Savage — Fri, 07 Aug 2009 21:47:13 +0000

The front pages in the UK this week are a-spread with the news of record profits at Barclays Bank, with accompanying bonuses for top bankers. This echoes last week’s story at Goldman Sachs. Given the recent bailouts and government support, the Economist is right to note that ‘such largesse looks cheeky at best’!

Although the two crises have little in common, this obstinate reminder of how little has changed in the financial sector prompts me to deeper pessimism in the environmental crisis.

Why? We’re perhaps only a year into, and most certainly nowhere near out of, the greatest economic crisis in living memory. Many people are still in the thick of it, as witnessed, for example, by record unemployment levels on both sides of the Atlantic. Yet it seems that we are incapable of learning, or changing in the face of significant crisis.

2008….Cause For Inspiration? The Economic Year In Review

Reenita Malhotra — Tue, 23 Dec 2008 00:28:25 +0000

Hope-Despair, a painting by Feroza Unvala

2008 - what a year! As we get ready to draw the curtains on one of the most unsettling economic years in history, we the writers of the Inspired Economist are still wondering… was this year one that has left our battered economy begging for inspiration? Or have the sustainable events of 2008 spearheaded the initiation of what we believe is truly an Inspired Economy?

2008 was about the $700 billion bailout. Foreclosures. The plummeting stock market. As the year came to a close, the nation’s economic turmoil battled with the presidential election. But it was also a time when new businesses were born into what appears to be an unprecedented sustainability boom. When energy, economy and environment have taken on a new and inter-dependent definition.

As we position our economy to take off on this inspiring eve of the Obama generation, let’s reflect on the change that has come into play this year……

The First Quarter

The first quarter of the year saw the idea of social entrepreneuring take flight beyond the borders of America.

Cover of Jeffery Sach’s book Common Wealth

It was also the time when the Center for Resource Solutions launched the Environmental Tracking Network of North America – North America’s first network organization for renewable energy and greenhouse gas emissions tracking systems and registries.

Small Homes Banned

Philip Proefrock — Tue, 17 Jun 2008 22:53:46 +0000

Smaller homes are more energy efficient generally, and consume fewer resources for their construction. In the United States, the average house size has been skyrocketing in the past few decades from 983 square feet in 1950 to almost 2,350 square feet in 2004.

Smaller buildings are potentially more affordable, are better suited to livable neighborhoods, and serve the needs of smaller families (while our houses have more than doubled in size since 1950, the size of the average family has actually decreased in that same period). There are already developers who understand this, but sometimes, the municipalities make it impossible to build smaller homes.

Marty Pieroni, a developer in Kuna, Idaho was turned down on his request to build some houses smaller than the 1,400 square foot minimum set by the city. With rising energy costs and the current housing credit crunch, there is an increasing demand for smaller, more efficient houses. But the city government (whose tax base is determined by the value of the developed property within its bounds) does not want to allow smaller properties and has turned down the request.