Green Options

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Watching the news and reading the popular press you’d think that the interest in organic products is so high that simply making your idea for a new product a reality ensures success. Not so fast.

One of the biggest fallacies in popular folklore is:

“Make a better mousetrap and the world will beat a path to your door.”

In reality, over 90% of businesses fail within the first five years, even the ones with really great ideas. Good execution beats originality any day. And good execution requires good solid market information.

With organic products so hot many a natural product manufacturer or organic food processor has found initial success came easy. As the field matures however, competitors enter the market and bigger retailers show interest in the product. Both require a fledgling company to be prepared with data and selling points.

As a blogger and freelance journalist, I receive several to many press releases a day, promoting all sorts of products, web sites and events. As a marketing consultant, I write press releases for my clients and struggle with the time and energy that goes into creating something which, well… often isn’t read.

Silicon Valley Watcher, Tom Foremski puts it nicely:

Press releases are nearly useless. They typically start with a tremendous amount of top-spin, they contain pat-on-the-back phrases and meaningless quotes…

Press releases are created by committees, edited by lawyers, and then sent out at great expense through Businesswire or PRnewswire to reach the digital and physical trash bins of tens of thousands of journalists.

Green apparel, previously the purview of high end shoppers and new mothers has entered the mainstream, driven by demand by eco conscience young consumers. Though the fashion industry thrives on planned obsolesce, younger women, in particular, are finding ways to find a middle ground between consumerism and green living.

“Gen Y and the Millennials are really driving this trend,” says Barbie M. Casasus, senior director and consumer strategist at Iconoculture, based in Minneapolis, adding that 20- to-28-year-olds represent about $520 billion in buying power and say they are willing to pay more for organic and fair-trade products. “And they’re pretty passionate about it. While it’s a category that is still in its infancy, the demand is growing.”

Wow. Try convincing the zoning regulators to give the OK for more density let alone allow beer cans, car tires and water bottles be your tools of choice to produce thermal mass and energy-independent housing.

Not a chance you could pull it off unless you’re renegade architect Michael Reynolds, Garbarge Warrior.”

The European Union’s heavy industry carbon dioxide emissions during 2007 reached around 1.914 billion metric tons according to data released Wednesday. The numbers were 93% complete, because some of the 10,500 companies registered on the Europe’s carbon trading platform had failed to meet the March 31 submission deadline. Prices on the secondary carbon market rallied on the news Wednesday. The price of benchmark European Union Allowances (EUAs) futures increased 88 cents, a 3.9% rise.

The numbers are important for traders on the European Climate Exchange, who take guidance from the level of actual carbon emissions to gauge what demand for offsets is likely to be.

The data indicate there’s been a 1.1% rise in CO2 emissions according to Oslo-based Point Carbon. The release of the data marks the start of the second phase of the European Trading Scheme, a market-based cap-and-trade system which has been going for three years already.

All participants to the EU Emissions Trading Scheme ought to have submitted crucial data on their 2007 greenhouse gas emissions levels by 31 March. The greenhouse gas data would be sourced by around 10,500 companies involved in carbon trading and is an important factor influencing the market price of traded carbon.

But many of the parties failed to meet the deadline, which is why the EU authorities in charge of the information said they will release the data to the public at a later date.

Emissions data is of vital importance for market traders because it shows the level of demand for the instruments they trade. The data is seen as a benchmark number setting the appropriate carbon price.

The British capital markets watchdog, the Financial Services Authority, has released a report warning that many emissions trading companies make false claims about their green credentials.

The FSA says that the integrity of the carbon trading market is under threat. The information that carbon emissions traders relay to clients often has a truth content that’s lower than you’d expect. In many cases there’s also no clarity over the regulations involved, a lack of credible data. Investors are also frequently offered climate change related products that are totally unsuitable for their goals.

Companies involved in offsetting their carbon footprint have access to over twenty tools to calculate their emissions, most of which have been launched in the last year. So far, the voluntary carbon offsetting market is dominated by European players. Reviews of their efforts have not been all too positive, so US companies following in their footsteps do best to avoid the pitfalls.

The main criticism centers on what’s left out of the equation. Companies embarking on greening up their business practices are faced with a daunting task and most go about it the “easy way” at first. There’s the option to simply offset carbons on the Chicago Climate Exchange, the European Climate Exchange or on the newly established NYMEX venture, the Green Exchange. Businesses have access to these exchanges if they wish to reduce their overall greenhouse gas emissions by as little as 1%.

Image source: http://timblair.net | Lights out for Sydney, Australia 2007

An http://greenprinteronline.com dispatch. 

Earth Hour is tonight, March 29th from 8 to 9 pm. The idea is to turn off the lights as a symbolic gesture that us citizens, business owners, uber-corporations (hello, Google’s black screen, hello McDonalds in Toronto saving 10 000 kilowatt hours) local governments and non-profit groups are taking climate change seriously.

Despite gripes that Earth Hour falls on the NCAA basketball regional, it’s lights out for over 23 major cities worldwide like Toronto and Bangkok.

Lifestyles Of Health And Sustainability, LOHAS, for short, is an incremental part of the green marketing effort. The concept received a boost recently when marketing research giant Nielsen teamed up with the Natural Marketing Institute (NMI) to create an in-depth study of LOHAS.

The two research houses put the LOHAS market size down at $209 billion. This number includes services as well as tangible products. LOHAS are determined by NMI and Nielsen as people who “have a meaningful sense of environmental and social responsibility and incorporates those values into their purchase decisions.”

Peace in the Middle East might be a near impossible dream but on-the-ground-efforts are all the more impressive for it. Take the initiative by Adam Neiman, a Boston-based Jewish entrepreneur partnering with a Palestinian clothing factory. Neiman’s NoSweatApparel.com makes a ton of difference for dozens of Palestinians working the looms of an organic clothing factory in Bethlehem on the West Bank.

An important part of the Palestinian economy consists of organic cotton manufacturing but the conflict in the Middle East has badly impacted the industry. Neiman signed a deal with the organic cotton manufacturing company in Bethlehem after it had been forced to ax 30% of its workers. Many of the laid off workers returned to the Bethlehem factory after he stepped in. The deal included the creation of a trade union.

“We’ve found a rare piece of common ground — more good jobs for Palestinians on the West Bank will help,” the Boston entrepreneur was quoted as saying in a recent interview. “Economic development is no substitute for a diplomatic settlement but no settlement can survive without a sustainable Palestinian economy,” Neiman added.