Jan 08, 2025
As the saying goes, “Money makes the world go ’round.” And if you’re looking for a simple New Year’s resolution with outsized impact — take a look at your money.Even if you can’t afford an electric vehicle or don’t want to put solar panels on your roof, switching your bank is something anyone can do. Where we bank and invest our money matters — and there are a growing number of options that offer “climate-positive” banking.For example, Atmos Bank offers checking and savings accounts (and now, solar loans) with 100% of your money funding clean energy, electrification, and other climate-positive products. In addition to mobile banking, free ATM withdrawals, a good savings rate, and up to 5% cash back when you buy from climate-friendly companies, you get an impact report — $5,000 will save 5.85 tons of CO2 a year, the equivalent of not driving 13,169 miles.Local credit unions are also a great option, in addition to more than 30 banks featured by “Bank For Good,” and Carbon Collective for your 401K. But if you bank with one of the big banks, your money is funding the fossil fuel industry. The biggest 60 banks in the world have invested $4.6 trillion in the fossil fuel industry since 2015. As climate activist Bill McKibben says, for any American with more than $125,000 in the mainstream banking system, it’s likely producing more carbon in a year than all the actions of their daily life.Join the Cool Down’s weekly newsletter for the latest stories, coolest hacks, and best products that help you save money, time, and the planet.Recycle Utah, your community non-profit drop-off recycling center, provides these weekly tips. Visit their website for more information: www.recycleutah.org.The post Green Tips: Where we bank matters, so go green appeared first on Park Record.
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