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5 Ways to Make Money from Global Warming

by SMD 


As every investor knows, the easiest way to make money is to ride long term trends. Every indication suggests that the issue of global warming is a long way from going away; on the contrary it is only beginning to gain traction on the agendas of governments around the world.

The following are 5 ways that you can make money from global warming (and help human kind and the planet at the same time).

1.) Invest in Uranium

The most likely, albeit short term, solution to the over use of fossil fuels, is a surprising option: nuclear energy.

Aggressive new nuclear plant construction programs have begun, particularly in East Asian countries, Russia, and India. The United States itself is on the verge of resuming construction of new nuclear power plants, a process that has been dormant for more than 25 years. This is the beginning of the third era, the renaissance of nuclear energy.

In 2001, the U.S. government issued … a course to expand the use of nuclear energy in the near term by making more efficient the processes of obtaining extensions of licenses to operate existing nuclear plants and of obtaining licenses to build new nuclear facilities. The NEP further sought to encourage nuclear energy use through the development, demonstration, and deployment of next-generation nuclear power technologies. Importantly, it aimed at achieving this goal through research and development of advanced fuel cycles that might prove to be cleaner, more efficient, less waste intensive, and more proliferation resistant than a single-use nuclear fuel, which requires geologic disposal of the used fuel.

SourceAs a result of nuclear being more and more the “go to” alternative to fossil fuels the price of Uranium has increased dramatically and continues to rise at an incredible rate.

The price of uranium was approximately $10.75 per pound in early 2003. By mid 2006, the price had risen to approximately $45.00 per pound. In early 2007 the price approached $100.00 per pound.

http://web.ead.anl.gov/uranium/guide/facts/

Many uranium companies are positioned for continued exceptional growth.

2.) Create a Website

Here’s a couple ideas to get you started:

  1. How about a social bookmarking type site (like http://del.icio.us/ ) that is specifically for tips on how to combat global warming, or if you’re a bit edgier, publicly reporting companies (to put public pressure on them) that are doing really bad things or just reporting general abuses of the environment.
  2. An e-commerce site themed around energy efficient products
  3. A site promoting eco alternative tips, possibly user contributed with education products, to promote the cause.

3.) Stop Paying an Ego Tax on Your Car

Buy a More Efficient Car (and invest the savings)

Most cars have a large premium on ego value. Most city dwellers will never need the features that their SUVs provide. The real reason they think they need an big heavy powerful car, is that it makes them feel more secure. In other words the benefits are more directed towards the ego than reality.

As global warming becomes more and more prominent and dangerous, the price of fossil fuels is only going to rise and the tax on ego based transportation will continue to increase.

Paying for ego benefits can be expensive, to your wallet and to the planet. The goods news is that ego costs are easy to cut, and even better is the self-esteem dividend that you’ll receive from not needing to pander to your own ego gone wild.

4.) Trade in Eco Tax currency

Here’s how it works. If you do something that contributes positively to the efforts to reduce greenhouse gases, like installing a wind farm and selling the electricity to your power company, you earn power credits.

Then companies that create an excess of greenhouse gases can purchase credits to allow them to go over the emissions standard and most of all ease their conscience and improve their public relations.

The result is that the polluters are paying the eco-conscious to do the work of reducing greenhouse gases for them.

Pollution as Commodity

And speaking of easing your guilt, here comes TerraPass. Their slogan: “Clean up after your car, fight global warming”. As an SUV [or any other gas-guzzler car] owner you have the opportunity to purchase a TerraPass for about $80, display it proudly on your windshield and drive guilt free in the summer smog and brown-outs.

Trade pollution like stock

Here’s how it would work: Company X, which uses the latest technology to burn coal for electricity, receives a permit that lets it emit 1,000 tons of greenhouse gases a year. But the company, which now emits 1,500 tons of pollutants a year, believes it will cost too much to switch to cleaner-burning natural gas. Meanwhile, Company Y also gets a permit to emit 1,000 tons of greenhouse gases a year. But it has an antiquated coal-fired system that it can economically retrofit to be more efficient. As a result, it expects its plants to reduce emissions to 500 tons. So it sells its unused 500 tons to Company X. Averaged together, both companies’ emissions fall within the emissions cap.

5.) Invest in Green Funds

“Green funds” are mutual funds that invest in environmentally friendly companies, such as those involved in clean energy (wind, solar, biomass); or in progressive companies that use environmental technology to reduce greenhouse gases in industries such as oil, gas, coal and mining.

According to Jantzi, U.S. mutual funds with green leanings total $2-trillion and account for about 10 per cent of total investments in that country.

Invest in Green Funds

Bonus Tip

Have a contingency plan. If we can’t get our act together and things really go to hell with global warming and climate chance, and you’re one of the ones lucky enough to survive, a couple gold bars or a few hundred ounces of silver, could make you royalty in whatever passes for the world that remains.

In summary

I believe that we can not only save the planet from global warming and the damage of fossil fuel abuse, but we can also make money doing it. In fact, if it doesn’t somehow turn into an activity that is predominantly sponsored by powerful capitalists, who have largely their own interests at heart, then we have a much lower chance of surviving the last 100 years of our arrogant abuse of our planet.

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Comments

11 Responses to “5 Ways to Make Money from Global Warming”

  1. morne witt on July 21st, 2007 4:12 am

    the future belongs to those who seized an oppurtunity before it comes obvious to the masses

  2. SKT on September 9th, 2007 7:59 am

    Having trouble figuring out the best way to act, even though solutions lie.
    Tired of waiting for things to happen. Writing to companies & various sites, has lead to more frustration and continued disappointment. None has shown any interest as R&D already exists with the companies. But do you think R&D of a company can achieve everything?

  3. john boy on November 23rd, 2007 9:16 pm

    Global warming is nothing but a scam to create a global tax. If the UN is going to get rich off of it so am I.

  4. gaurav ojha on September 30th, 2008 2:32 am

    Hi all of you please guide me that how to make money through carbon credit.

  5. Neena Longworth on March 23rd, 2009 12:42 pm

    This is disgusting. I read your blog and it makes me feel physically sick. If any of you think any of this is actually going to work then you need a REALLY BIG wakeup call. Making money out of climate change has got to be one of the worst (MOST UNETHICAL) things that a human being could possibly do. What makes you think that you have the right to continue gas-guzzling and polluting our ill planet whilst others around you are dying from polluted water systems and climate disasters?

    “companies that create an excess of greenhouse gases can purchase credits to allow them to go over the emissions standard and most of all ease their conscience and improve their public relations” – what utter rubbish. If this eases your conscience then you havent got much of a conscience.

    If you really honestly want to make a difference then forget consumption and proffit and start thinking about what really makes you happy in the world – is it friends and family, or is it a new SUV? Because it looks like we are all going to have to think about this soon.
    Start thinking about how you can live sustainably – ie don’t buy stuff from the other side of the world if you can source it in a local market, forget private transport and invest in public transport so that it gets better and better, run responsible businesses that work for the long-term, not ridiculous short term proffit exploitation…

    Whatever you do, just turn your brains up a notch and THINK ABOUT WHAT YOU ARE SAYING/DOING.

    I worry so much about our planet and our people if governments and businesses think like you do…

  6. Owen on March 24th, 2009 4:08 am

    Well said Neena.

    Future development will be green by necessity. For example, all new housing in the UK from 2016 will have to be carbon neutral. Investment in such industries is to be commended, but because it is essential in creating a sustainable future world, not because it is a ‘get rich quick’ method. Such short-sightedness has much responsibility for the overuse of finite natural resources that has caused the problem.

    Morne, SKT, john boy and Guarav you are approaching it from an unpleasantly exploitative angle, almost like the opportunistic looters in times of natural disaster. John boy in particular…you are completely wrong. There is a consensus of the international scientific community that global warming is occuring and that humans are – at least to an extent – responsible for its rapidity.

  7. david on November 17th, 2009 4:26 am

    capitalism = corruption = death

    every single time!
    do you people only think about MONEY?

    sad bunch of losers

  8. Cheryl on February 15th, 2010 2:35 pm

    The Science is settled. Global Warming is a SCAM! No data to back up any of it.

    We are entering a small ice age.

    49 out of 50 states (yes only 50, Mr. President) have snow on the ground. Any fool (or Al) that told you Apocalypse is coming in the form of Man Made Global Warming has already made billions from your ignorance.

    Green is the new Red

    (http://www.greenisthenewred.org/)

    I’ll take capitalism any day over this politically correct BS!

  9. Anuj on August 20th, 2011 8:57 pm

    All doable opportunities but first you have to commit yourself to doing ‘something’ and then you have to ‘do it’. Not always an easy thing for most people.

    If you have a natural entrepreneurial spirit, a skill, you’re a self-starter and you have the will to be successful, you’ll be on your way ;-)

  10. Click To See More on August 13th, 2014 1:08 am

    Click To See More…

    5 Ways to Make Money from Global Warming…

  11. see this page on August 13th, 2014 11:36 pm

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