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July 21, 2009
This isn't exactly green purchasing. It's more like 'green lending.'
"Green banks ? designed to aid environmentally conscious businesses and consumers through better loan rates and other incentives ? are sprouting up around the country despite the recession," wrote Kate Galbreith of Green Inc..
According to Galbreith, green banks are yet to make profits and "Congress is considering whether to establish a federal green bank, which would offer loans and grants to large-scale renewable energy projects with less bureaucracy than the current Department of Energy process provides."
For further information visit the Green Inc. article.
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July 10, 2009
"While Google plans to stick with offsets, Yahoo will stop buying them and instead will focus on energy efficiency," Josie Garthwaite of GigaOM reported.
"Carbon offsets?credits that cancel out the purchaser's greenhouse gas emissions by supposedly triggering actions and projects that prevent such pollution elsewhere?have had a bumpy ride in the last few years."
The idea to achieve "carbon neutrality" by purchasing offsets has become a target of criticisms in the last few years for the lack of solid regulations and its tendency towards possible manipulation. The Wall Street Journal has done an in-depth report on this subject.
"Too often money from carbon offset purchases pay for projects that would have happened regardless of carbon offset money," Craig Rubens wrote.
Yahoo will stop purchasing carbon offsets and will focus on improving its energy efficiency from its data centers. Meanwhile, Google remains offsets-dependent for its environmentally-friendly plan.
For further information, visit the BusinessWeek article.
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