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Hank Green recently explored Abu Dhabi's wildly ambitious green city build-out (1.4 million square feet!) on G Word. Estimated at $5 billion, this monster metro project proves that the old adage money talks is alive and well when it comes to the world of eco.
By now you've probably heard of the booming business surrounding carbon credits in which greenhouse gases are 'offset' via voluntary investments. According to the World Bank via Nature, Inc., a BBC series that profiles the green behind green, carbon credits are a $60 billion dollar industry estimated to reach $1 trillion by 2020.
The power of green – the cash kind – continues its forward push with the concept of mitigation banking. Estimated by Nature, Inc. as a $3 billion dollar a year industry, mitigation banking creates economic incentive for restoring, creating, enhancing and/or preserving wetlands. Mitigation bankers take on responsibility for long-term maintenance and earn mitigation credits – which can be sold - for their efforts. And yes, it's all regulated by the environmental muckity mucks including the Army Corps of Engineers and the EPA.
How do you get involved? The EPA gets you started with its listing of regional Wetlands Programs around the country so you can check out mitigation banking projects in your area.
Love green gadgets, fashion, and news? Get the latest from Planet Green's dynamic duo Suchin Pak and Daniel Sieberg on the G Word.
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