The Eco-Friendly Ways To Invest Your Money
Sustainable investments are surging as people realise the best way to make money is to do it while protecting the planet. As parents, we all have a duty to leave the environment in a healthy state for the next generation, something that we can’t say we are doing as a society at this very moment.
Investing your money in eco-friendly options is the easiest and most effective way to achieve your goal. After all, green projects are becoming more and more popular, so it’s not as if they are hard to find. For example, you can choose a sustainable fund that has a proven strategy, both for making money and reducing its CO2 footprint.
Alternatively, you can diversify your funds to ensure you don’t risk your budget on less stable projects. Pumping money into renewable energy companies is a great idea, yet it might not be feasible in practice because the share prices can swing wildly. As a result, you might not be able to hold onto them for very long, which is counterproductive.
The one thing you want to avoid is cryptocurrencies. While they seem as if they are perfect for green investors, the reality is that Bitcoin uses a vat of energy that leads to an incredibly big carbon footprint. Yes, the energy usage of mining farms is almost as great as some European countries!
This infographic highlights the dangers of Bitcoin investments that often go under the radar. To learn more about them, and how investing in cryptocurrencies isn’t healthy for the planet, please continue reading.
designed by Arbtech