The Nation's Pulse
Earth Day: Corporate Edition
Making money cleaning up the environment.
(Page 3 of 3)
RecycleBank serves over a 100,000 customers in Pennsylvania, New Jersey and Delaware. In Wilmington 90 percent of residents reduced garbage going into the landfill by 40 percent. With "tipping fees" at $70 a ton, that yields of savings of $800,000, half of which the city shares with RecycleBank.
This Earth Day finds many more companies moving into a wide variety of environmental services, products and markets. It seems to be worth their while thus encouraging more of the same.
Incentives matter: this is a fundamental principle of free market environmentalism. Making money through the provision of environmental amenities creates powerful motivation for conservation and cleaner technologies to the benefit of all.
About the Author
G. Tracy Mehan, III served at the U.S. Environmental Protection Agency in the administrations of both Presidents Bush. He is a consultant in Arlington, Virginia, and an adjunct professor at George Mason University School of Law.
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