Economics of Sustainability

Washington, DC

Households that replace just a few old incandescent light bulbs with LED bulbs, a product with more than three times the lifespan of their traditional counterparts, can reduce electric bills and put a dent in their carbon footprint. Imagine the impact of replacing 4,424,361 light bulbs. This is the number of streetlights in our nation’s ten largest metropolitan statistical areas. According to a study released in March of 2008, switching all streetlights in these major regions to an LED or a “smart streetlights” system could lead to a savings of 1,494,250,000 kilowatts (kWh) or a reduction of 1,161,716 metric tons of carbon dioxide (CO2). This report wasn’t produced by the EPA or a national LED manufacturer; in fact, this white paper was prepared by Bob Grow, then an American Chamber of Commerce Executives Ford Fellow in Regionalism and Sustainable Development for the Greater Washington Board of Trade.

Des Moines, IA

Efficient land use is not only vital to protecting natural resources but to profitable physical development. High density design allows for more activities within a smaller space and has continuously attracted the young, creative classes in search of dynamic places in which to live.  In the effort to create these dense, walkable communities, the process of urban infill—the use of land within an already developed area—is a key to success, but no easy task. Urban land available for infill is often environmentally hazardous, such as deserted manufacturing sites known as brownfields. Other pieces of land may have little or no environmental contamination but are outdated, abandoned, or have plummeted in value; these derelict parking lots or vacant strip malls are known as grayfields. Most communities have them, but very few have effective strategies for turning these properties into valued parts of the community such as those in Des Moines, Iowa. Fulfilling its role as the regional economic development organization, the Greater Des Moines Partnership worked in collaboration with local allies to take major steps in reducing sprawl and carbon emissions through the mending of their urban fabric.

Syracuse, NY

When most people think of New York, they’re quick to conjure up images of the Empire State Building and Wall Street. But in the era of clean energy, New York’s emerging ‘Green Apple’ is giving the renowned Big Apple a run for its money as the innovation center of the state. With over 30 colleges and universities, the Central Upstate New York region has one of the highest concentrations of students in the country. Couple that with market leaders such as GE Global Research, GM Research and Carrier Corporation that are developing world class new clean technologies, along with $2 billion in annually funded R&D at the region’s top six research institutions, and you’ve got a region prime for green technology incubation. The Greater Syracuse Chamber of Commerce has been leading that green revolution.  In July of 2009 with a $1.5 million grant from the New York State Energy Research and Development Authority (NYSERDA), the Syracuse Chamber proudly unveiled The Clean Tech Center, a clean energy business incubator program—one of the first of its kind in the country.

Partners is excited to announce the release of the second volume of the Economics of Sustainability, “The Dollars and Sense of Green Business,” made possible by support from the Rockefeller Brothers Fund. This publication is a continuation of Partners’ sustainability agenda and explores the innovation and leadership of 22 chambers of commerce from around the country—true champions of the green economy. To read more about Partners’ Economics of Sustainability initiative, click here.

Chapel Hill-Carrboro, NC

A program instigated by the local chamber of commerce that teaches businesses how they can effectively use sustainable solutions to cut costs and reduce waste.