Looking Green is Practical

Looking Green is Practical

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Sahara Clinic
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Shop Green For a Brighter Planet - pg 20 Print E-mail

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The cost of generating renewable energy from sources like wind, solar, geothermal, and biomass depends primarily on private investors or major grant making initiatives. Outside that core exists the great donut hole of potential energy suppliers who come up short even after the old piggy bank has been busted, they might be too small for the rigorous granting arena, or not as attractive to big money.

Luckily, all is not lost. An idea like Brighter Planet advantageously uses the marketplace to engage on the environmental platform. Brighter Planet's Outreach and Partnership Manager, Robbie Adler, told Lookin’ Green: “Most of us hope to adopt a green lifestyle, but on a larger scale we are still highly dependent on fossil fuels, a financial barrier to action.”

A team of college students including Andy Rossmeissl, Product Design Director,  under the advisement of Jonathan Isham, Luce Professor of International Environmental Economics at Middlebury College in Vermont, co-founded Brighter Planet.

The Brighter Planet program sprouted as a service-learning project to mobilize people with the tools to cut through chain-mail type hurdles in the fight against climate change.

Now Brighter Planet has sprung up to partner with leading financial institutions to offer specially designed consumer charge cards that amass one point for every dollar spent (in net retail purchases.) Each point can be redeemed to fund renewable energy projects, and every 1,000 points is estimated to fund one ton of carbon offsets from polluting the environment.

The company earns revenues based on the sale of carbon offsets that would have been emitted by fossil fuels. “With each renewable project we fund, Brighter Planet purchases the rights of those carbon offsets and retire them from the market,” Adler told L’ G. “ Each offset represents a certified greenhouse gas emission reduction – and prevents other energy distributors and utilities from taking credit for any carbon offset created by Brighter Planet-supported renewable projects,” Adler said.    

A consumer card that rewards green and has the potential to benefit every member of the global household, might be a brilliant signal into the new era of green funding. “Would people open their wallets and spend greener?” Adler questions. “If consumers know they can earn offsets to support development of renewable energy projects, yes, they will shop green and with a card that helps build a cleaner energy future.”