In Search of a Green Dividend

Last night after reading this rather hopeless BBC article about the prospects of global economic recovery I proceeded, in stubborn refusal to abandon hope, to google the term Green Dividend. The premise being that I have a hunch that the true path to global recovery is not a particular nation’s policies but a system-wide emergence of disruptive and economically re-invigorating efficiencies that are more than likely green, i.e.: once people either decrease car usage, or start driving affordable electric cars untold billions of dollars will shift from fuel costs to things that invigorate civic life like going for coffee, eating out, holding parties, collecting art, supporting innovative enterprise and giving to charity. Not to mention the ever invigorating, if not so green, delight of long distance travel. What I stumbled upon was this interesting report about Portland that found amongst other things that even a slight reduction in the average vehicle distance traveled per person per day resulted in massive savings of time and money that ultimately brought vitality to other segments of the economy. A good read that is relevant to several ongoing local debates.

The smart money, I think it’s safe to say, is still on green.