Last week we looked at the financial benefits of energy efficiency as compared to the stock market. I’m going to take this a few steps further, as forewarned last week.In both cases we start with the $39,000 investment and the stock market simply grows at its long-term average of 7.5% (Dow Jones Industrials). Obviously, a smooth appreciation of your investment is not the case and if you don’t have a strong stomach, you should avoid equities. Why is it called the Dow Jones Industrial Average anyway? It’s full of service companies, banks, and retailers. It includes Microsoft, but not Apple,…
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The New Scientist published an article by an economist saying that now is the perfect time to implement “long-overdue environmental regulations requiring US power plants to reduce emissions of mercury, arsenic and other toxic metals”. And the added cost will be a boon to the economy. That’s what the textbooks say, so it must be right! As the article states in one place, yes, retrofitting power plants will create jobs somewhere, and the higher cost will be passed on to consumers. Do they equally offset on a macroeconomic level? I severely doubt it but no one can prove that. In…
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Recently, we received our umpteenth “request for proposal” (RFP) to provide the engineering required to capture the elusive $1.80 tax deduction on new or remodeled buildings. We spend a lot of time, money and effort to drive business through our doors but I’m not sure I want to see another one of these. Like the rest of the universally incomprehensible tax code, the engineering piece of this is relatively complex. If we did this all the time, it wouldn’t be a problem. But it seems we get the next RFP just as the rules are overwritten in my long-term memory…
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