Environmental Business

Business Loans, Angel Investors, Venture Capital and Start Up Capital for Environmental Businesses

photo credit: h.koppdelaney

Environmental & Economic Benefits

The “green gold rush” is on. Global investment in renewable energy surged some 60 percent, to $148 billion last year. Investment in clean energy from wind, solar and biofuels rose three times faster in 2007 than predicted by the UN Environmental Program, with wind power attracting $50.2 billion, a third of all clean energy investments. Investment in solar energy soared by 254 percent to $28.6 billion last year. This “green gold rush” is propelled by the soaring fossil-fuel prices, and concerns over carbon dioxide emissions that fuel global warming.

photo credit: Edgar Zuniga Jr.

As is occurring in many states, New York is trying to promote Green Building practices. The state is doing it by offering tax credits as financial incentives.

New York Green Building Initiative

The concept of green building isn’t particularly old and has arisen as a result of a better understanding of the impact of buildings on people and the environment. Ideally, green buildings are designed to use non-polluting energy, recyclable resources and systems that avoid health impacting elements. These buildings are extremely environmentally friendly, provide healthier environments for workers and decrease the heat and pollutant situations found in tightly packed structure and population areas such as New York City.

While green building is a nice idea, our country is based on capitalist methods. If green building isn’t cost efficient, no developer is going to pursue it because doing so will give their competition a price advantage. This is where the New York Green Building Initiative comes in.