Sustainablog

Thinking about installing a wind energy system, but not sure if the payback period on your investment meets your financial needs? I began thinking about this question last week when our old friend (and my real old friend) bobbyb sent me an article about a couple who’d installed a wind turbine at their home in Great Britain. He noted that the numbers provided in the article (a £20,000 initial outlay for £500/year energy savings) didn’t make financial sense: “That’s a forty-year payback period!”

He’s right… that kind of cost-benefit analysis doesn’t really work. If you’re going to put up tens of thousands of dollars for a wind system (or a solar energy system), you probably want to see a return on that investment in years, rather than in decades. I got so interested in the topic that I wrote a post about things you should consider before putting your money down on a renewable energy system at SUNfiltered. Wind energy systems have their own requirements, so here are a few of the things you’ll want to take into consideration.

Will wind energy work on my property?

As with any renewable resource, some areas are better than others for home wind energy. Some of the questions you’ll need answers for include

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GreenTalk Radio host Sean Daily talks with green blogger and eco-entrepreneur Shea Gunther, previously of EarthFirst.com and now with MNN.

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In my previous post, I brought up the sustainability prism and the link between personal happiness or peace and the other three, traditional components of sustainability theory — economy, equity, and ecology. In this article, I explore the link between personal happiness and the economy in greater depth. Of course, this is just a taste of the full connection between the two since there are enough layers here to write a book on it all, but here is a start and there is plenty of comment space below!

Economy is at the forefront of society’s consciousness these days. It is always a, if not the, major societal issue for most people. With the current economic crisis, it has stepped up even another level of importance. We all have to wonder, these days, if we will be able to return to the affluence of just one or two decades ago, or, if, on the other hand, the whole economic system of America, and the world that depends on it, will collapse as a house of sand built on a thin board of wood on the ocean’s waves.

We can look to the specific failures of banks and immoral business practices to explain all of this. But these failures, and much more, were built on much more widespread and much less questioned norms than these.
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There should be no secrets among those who continue to prosper in mostly non-financial ways despite the challenging economic times.  These people live (and perhaps work) following the laws of nature more than the “laws of supply and demand” of the increasingly dysfunctional “free” and global marketplace.

Here’s how to thrive in the abundance of renewable energy, organic food and a more healthy and sustainable lifestyle. While not all frugality rules, this approach to living more sustainably does require some degree of curtailment, scaling down and living within our means.  It means using credit cards less and relying on community members or family more.  However, the result can be a rich life filled with health and well-being, friends and family, more time to do the things you love to do (imagine that!), a greater sense of purpose, and, my favorite, happiness.

Below are a few suggestions to get you started or continue your journey.  Please add some of your own in the comments.  Maybe some of the BIG banks or BIG government folks might take notice that a few ideas do not involve printing and spending trillions of dollars to “spur consumption.”

•  Powering the renewable energy revolution

Times couldn’t be better for installing your own renewable energy system or improving your energy efficiency of your home or business (or both!), depending on the state you live in.  The Emergency Economic Stabilization Act of 2008 and the American Recovery and Reinvestment Act of 2009 extended the Energy Policy Act of 2005. These new acts extend and expand the federal tax credits available for energy efficiency and renewable energy improvements made in 2009 and beyond.  There are numerous renewable energy cash-back incentives, tax credits and low interest loans that can help ease the transition from a fossil-fuel based economy to one that thrives on solar income.  Check out the Database for State Incentives for Renewables and Efficiency (www.dsireusa.org) to see what’s available in your state.

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There’s more to buying that high-tech gizmo or fancy new clothes, especially if you put it on plastic.   If you’re anything like the so-called average American with combined balances on your credit cards pushing upwards of $10,000 per household, then you’re paying a lot more than the purchase price after factoring in an exorbitant interest rate on the unpaid balance.  Just one credit card with a balance of $15,000 and a monthly minimum payment of $300 based on an interest rate of 13 percent would take nearly twenty years to pay off, amounting to nearly $9,000 in interest, according to the website Cardweb.com.

To save or spend?

This raging debate among economic recovery pundits mask the reality that based on our current “free trade” global economic system, what we really mean by spending is consuming.  And in this global free trade system, ecological costs are “externalized” if we use the correct economist’s jargon.  As a result, we pollute, destroy and exploit where ever we can.  If you can’t do this in the United States very easy thanks to national laws and regulations, well then, export your manufacturing and service operations to places that don’t have many, or any, regulations.  Then import these products back into the U.S. to sell at a big box store, plopped down where there used to be viable farmland.  For example, these BIG companies move operations to places where poor people can sort through toxic junk computers for scrap or to places where throwing something away can’t possibly ruin our own clean air or water in our communities.

According to Emily Kaiser’s analysis for Reuters:  “U.S. President Barack Obama needs to convince Americans to spend now and save later in order to get the U.S. economy back on solid footing.”  It doesn’t have to be this way.

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Hong Kong magnate Stanley Ho is at it again. Not formulating a “Ho Plan” for Hong Kong energy security that centers around wind power, as the growing similarities between him and T. Boone Pickens might suggest. Stanley Ho’s investment du jour, while on par with his recently established eco-trend, will not be in Asia. Rather, the biofuel play will be located off of the Western coast of Africa.

Geocapital, a Macau-based investment holding company started in 2007 and comprised of partner investors Stanley Ho and Jorge Ferro Ribeiro, is in negotiations with the Government of Cape Verde to install a biofuels research and development center on the African archipelago, Portugal’s Lusa news agency recently reported.

The pair hopes to take advantage of Cape Verde’s experience producing biofuels from jatropha, a crop that yields ten times the output of corn plants. Jatropha-based biofuel is considered one of the best candidates for future biofuel production, and has already been successfully tested as a substitute for jet fuel in commercial airplanes. The poisonous seed has a long history as a fuel source: in the early 1900s, it was exported to France and Portugal for use in streetlamps.

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After more than seven hundred hours of filming and editing, largely underwritten both by himself and those organizations supporting his visionary film-making endeavor, Chris Bedford has offered an inspiring documentary, Coming Home: E.F. Schumacher and the Reinvention of the Local Economy, where people are, once again, people, not reduced to “consumers” or “tax payers” (recently on the hook for billions of dollars of bailout money).

As an award-winning film maker for such films as What will we eat? and The Organic Opportunity, Bedford has honed his craft to capture both the pivotal work of the late E.F. Schumacher’s Small is Beautiful and subsequent endeavors of the E.F. Schumacher Society and the creation of a local economy in Great Barrington, Massachusetts.

While viewing the film Coming Home, officially released at the MOSES Organic Farming Conference in La Crosse, Wisconsin, I realized that this was no ordinary 37 minute documentary. It could very well be the start of a revolutionary way to view the local economy, starting with sustainable agricultural systems and the organic foods these farms provided to community residents and ending with BerkShares, a local currency. According to Coming Home, about 2 million BerkShares are now in circulation throughout Berkshire County. As of February 11, 2009, 100 BerkShares equal 95 U.S. dollars.

From provocative interviews, timely quotes and excerpts from E.F. Schumacher or from those in the community, Coming Home weaves a story of hope, empowerment and some practical ingenuity at just the right time when We the People are searching for solutions, turning not to Congress, but to our communities, and to Main Street, not Wall Street. Carefully selected footage and fine editing work makes for an engaging review, even for the most skeptical of viewers who may not see the power in communities that have their own farmers, radio station, interdependent retail district and currency.

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In a rare admission of China’s strategic petroleum reserve capacity, a senior industry executive acknowledged that all four state-owned emergency oil reserve tanks – holding a total 100 million barrels – are filled to the brim.

Revealing that China’s current stockpiles have already exceeded the capacity of the first phase of facilities, which the government built over the last two years, China Shipping Group President Li Shaode urged the government to use foreign exchange reserves to finance floating storage capacity in the short term.

Li’s comments come after a string of recent oil- and gas-related events in China. Within the last few months, China has entered into natural gas supply agreements with Myanmar, Kazakhstan and Turkmenistan, and has already begun construction on needed pipelines. Just yesterday, China National Offshore Oil Company (CNOOC) signed a 25 year gas supply agreement with Qatar.

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Hong Kong tycoon Stanley Ho is most famous in business for his vast and infamous casino empire and unofficial title as one of Asia’s richest people (his estimated US$8 billion net worth earned him the 113th rank in Forbes’ 2007 list of “the World’s Billionaires”). Might news of his recent clean energy joint venture with Portugal’s top power company bring him a new title: “the Chinese T. Boone Pickens“?

According to Macauhub, a government-sponsored news publication-cum-commerce division that reports business-related news in the Pearl River region and in Portugese-speaking countries, Ho has created a renewable energy partner firm with Portugal’s Energias de Portugal (EDP), which will be known as EDP-Energy Solutions Asia. Read the rest of this entry »

The New York Times reports that various plastic bag-reduction initiatives around the country are stalling – or flatlining – due to economics. The plans in the works in places like Seattle, San Francisco and New York have included charges of 5 to 20 cents per plastic bag – and in some cases, paper bags – at, for example, grocery stores.

The intent is – was – to foster a reusable bag culture and wean consumers off their plastic bag dependency. Now, critics are saying the rough economic road we’re on these days is cause enough to halt progress of those initiatives – and related legislative proposals.

Why? Read the rest of this entry »