Green Options

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Denmark-based Vestas Wind Systems (VWS:DC) had a big week. First, the world’s largest wind turbine manufacturer announced that they would be building a tower manufacturing plant in Colorado. Second, Vestas reported a 94 percent jump in earnings in the first quarter of 2008, as compared to the same period last year.

Although they have yet to disclose the location of the new tower manufacturing facility, it would be situated to complement the company’s fist North American blade manufacturing plant, which recently opened its doors in Windsor, Colorado.

For the tower plant, the company will need a large parcel of land served by freight rail, a combination that Northern Colorado can provide at several locations, including the Windsor location, where construction proceeds on phase two of the blade plant. According to the Northern Colorado Business Review, more than 1,000 new jobs could result from further expansion of Vestas’ manufacturing presence.

Editor’s note: Turns out we don’t just share content with Low Impact Living; we also share writers. Today’s post (by Cassie Walker) takes a look at the basics of putting your money where your values are: green and socially responsible investing. This post was originally published on Sunday, May 4, 2008.

One of the primary imperatives for being an environmentally conscious consumer is to vote with your dollars - support companies that have a positive impact on society and the environment by purchasing their products and services. In the minds of many, that concept is easy to apply to the day-to-day stuff we buy at the grocery store or retail outlets. But some folks forget that our longer term investments can speak just as loudly.

Enter Socially Responsible Investing (SRI). SRI takes into account the impact that companies have on society and the planet, and recognizes that we can factor these concerns into our investment choices. Now our decisions as investors, which used to be determined solely on corporate financial performance – perhaps based on short-term and short-sighted goals – can now be based on the whole of a company’s standing, including their impact on the environment.

Once only a small piece of the total investment market, SRI now represents $2.71 trillion, more than 10% of all investments. That figure is up from $639 billion in 1995, an increase of more than 300%. As SRI has matured, green investing specifically has taken much of the limelight - as demand for clean technology, alternative and renewable energy, green building and other environmentally driven businesses rise, so does the desire to invest in them.

With this growth, opportunities for us as individuals to get into green investing and SRI abound. There are the usual suspects like stocks and bonds, mutual funds and venture capital. For example, dozens of mutual funds exist for investors looking to put their money where their mouth is, and support companies who share their values. And many of these funds focus on green companies, with large numbers of them joining the ranks within the last year or two.

Since the energy crisis of the late 1970s, the federal government has employed various policy mechanisms to support renewable energy development. Driving through the neighborhoods that were developed in the late 70s and early 80s, it’s not hard to notice all of the old rooftop solar water heating arrays that were installed because people were taking advantage of a tax credit made available by the Carter administration. But the tax credit expired after Reagan took office, which is why I don’t see rooftop solar hot water nearly as much anymore (at least not recently installed).

The same thing will happen if the renewable energy tax credits expire

EARTH TALK

From the Editors of E/The Environmental Magazine

Dear EarthTalk: What tax or other government incentives are there out there for buying green—for individuals as well as businesses?                             — Sarah Rafferty, New York, NY

There has never been a better time than now to tap into a laundry list of tax rebates and other financial incentives designed to encourage individuals and businesses to go the greener mile. At the federal level in the U.S., individuals can reap the rewards of no less

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So, you want to start an environmentally sustainable business? Aside from figuring out what industry you want to enter and where your base funding will come from, the next important step is to decide the type of location you are looking to occupy. I will never forget the first time I went to speak with a financial advisor/ loan officer about starting a small business. He turned to me and said, “Jessica,

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Editor’s note: We’re always happy to share green and ethical financial opportunities with you. We ask that you remember that we’re not financial advisors, though, so we are sharing… not recommending. Always do your own homework before making an investment.

Whether you just cashed in with a winning lotto number or just have a bit of extra cash lying around, investing can be easily overwhelming and intimidating. If you want to avoid financing

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Editor’s note: As you’ll figure out from reading Christan’s posts, she watches the markets for clean technology and alternative fuels very closely. At the same time, though, she’s not a licensed financial advisor, so nothing in her posts should be taken as advice to buy, sell, or otherwise take action in the markets. She’s not trying to push anything here — just offering her observations.

Maybe you don’t read the NY Times religiously,

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Skeptics abound about the whole concept of socially responsible investing. Some of them have merit. Others are just plain silly.

Statement: SRI does not perform as well as traditional investing
Status: Mostly False
Explanation: As more people become of aware of investing responsibly, a lot of naysayers point out that social portfolios and funds have underperformed market indexes over the last few

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