In my lifetime, the world’s population will increase from 5 billion to nearly 10 billion people. More importantly, we have an opportunity to build sustainable cities that will house this increase in population. According to the United Nations, two-thirds of the world’s population will be living in a city by 2050. In sum, many cities will need to experience a phase of redevelopment and new construction to keep up with this growth.
Undoubtedly, we should take this opportunity to build infrastructure that will serve us well into the future. Instead of constructing buildings that will lock us into inefficient fossil fuel consumption, let’s build homes, offices, and downtown areas that are well insulated, use solar energy and are constructed with rainwater (run-off) management best practices. If investors, companies, and consumers could all come together to meet the climate challenge, we can make a huge difference.
Conscious Consumerism: Increases the Demand for Sustainable Products
You can make an impact by purchasing products that are made from post-consumer recycled content. First and foremost, re-using items already in circulation is the best way to reduce new raw material use. Upcycling and reusing items support a circular economy. More importantly, upcycling typically bolsters a local economy and helps small business owners.
Reuse, raw material source reduction, and recycling help us divert waste; that would otherwise have been sent to a landfill. The question is, how are you helping to reduce your carbon footprint? Is a friend’s birthday coming up? Give the gift of sustainability with this beautiful and unique upcycled canvas tote.
Myra’s Bags are made from upcycled canvas tarps and tents. The bags measure 11″ W x 13″ H and has a 22″ adjustable strap.
Each bag is truly original since they are made from upcycled materials. This bag is a perfect blend of earth-friendly fashion. The tarps that these bags are made from have literally traveled the world. Each bag will sport its own unique marks of wear and tear. Slight variations, including stitch marks and minor staining on the canvas, are possible. These are the hallmarks of an up-cycled item!
An Ever-Increasing Population Paired with Limited Resources
We cannot deny the population growth numbers. In short, the numbers say that we must build homes to house our families and friends. With so much redevelopment and new development that will need to occur, let’s take this opportunity to create a new sustainable circular global economy.
In fact, we should look at this opportunity as a way to innovate alternative sustainable products. If we don’t, we will end-up locking ourselves into an unsustainable infrastructure system that will last us 50+ years.
So how do we build a more sustainable future?
We can extend our planet’s natural resources by constructing buildings that can engage in demand response programs, employ alternative energy resources, and install water-saving appliances. More importantly, properties that do not have a high R-rating (are well insulated), require more energy. This leads to an unstable grid and a need to build more energy-producing facilities.
Scarcity can be scary, but we have an opportunity to plan for a future where we can do more will fewer resources as our world’s population increases.
Sustainable Practices: Pressure From Investors
On one hand, we can put pressure on companies to produce sustainable products through conscious consumerism. On the other hand, investing in ESG ETFs puts pressure on companies from investors who are only wanting to invest in triple bottom line businesses. We all have an impact and can help shape the future we live in. Moreover, change can come from any number of paths.
In last week’s article, I talked about how large investment funds are shifting their investment portfolio strategies to support sustainable economic practices. Blackrock is the world’s largest asset manager, with $7 trillion of assets under management. The company has stated that in 2020, it will divest its portfolios of most of the fossil fuel and coal-related businesses it owns stock in. Below you can watch an interview by CNBC and Mr. Fink. In the video, he discusses the company’s new portfolio strategy.
Additionally, a private equity giant called Blackstone has just invested $850 million into its commercial and industrial solar assets portfolio. As major investors, these companies are creating change from the top. As consumers, we can create change from the bottom. Hopefully, somewhere in the middle, companies will be incentivized to produce sustainable products.
Eco Economics was created to help you learn about personal finance while creating a more sustainable future. To learn more about the company visit Eco Economic’s website.
Support sustainable businesses by buying products from and investing in companies that put the people and the planet first. Visit Eco Economic’s Sustainability Shop to get started on your path to a minimalist/zero-waste lifestyle!
Like What You See and Want to Know More?
I teach a course called “Increase You Financial IQ” as if I were talking to a friend. You, most likely, have an incredibly busy schedule… So I give it to you straight and get to the important points as quickly as possible.
Does this course contain EVERYTHING I know about finance? Heck no!
It goes over the critical things you need to know to build a stable platform that will give you confidence in your future.
I talk about personal finance from a holistic point of view. Many authors only talk about one or two subjects, but I cover the topics that I would go over if I were trying to teach a friend how to set themselves up for a secure future.
What the Course Covers:
- Starting small by having $1,000 in savings
- Budgeting (The 50%, 30%, 20% rule)
- 5 methods of debt payment
- Managing your credit
- Roth/Regular IRA’s and 401k’s
- How to create a diversified stock portfolio (ETFs)
- A macro view of the economy (the Federal Reserve)
- Purchasing your first home (the process, down payment assistance plans, PMI, etc.)
- How to save for your children’s college fund (529 plan, Education IRA, UTMA/UGMA)
- Long term care insurance
The course is delivered in an online class format and there is no time limit for watching the videos. The cost is $50 and you can obtain the course by reaching out to me through the contact page.
Want to Learn About How to Support CSR Companies? Read the Following:
- How Big Investors are Coming Together to Create a More Sustainable Planet
- Saving for Retirement by Investing in Sustainable Companies
- How to Fund Your Retirement Account by Living Sustainably
- How to Invest in Socially Responsible Companies while Timing the Market
If you have learned something new that interests you, please remember to share so that I can continue to provide you with more free content!