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What money has to do with climate change

Feld in den Bergen mit Windkraftwerk
SUSTAINABILITY

What money has to do with climate change

Buy less, invest more sustainably: This is not only good for the climate, but can also help you to build up a fortune. Having money allows you to make decisions: what you spend it on - and what you don't spend it on. The calculation is simple: the more we consume, the more we pollute the environment. And vice versa. Every T-shirt, every smartphone, every hair gel - simply everything that is produced - causes CO2 during production, apart from other environmental impacts (resource consumption, wastewater pollution, etc.).

Rules of thumb for climate-friendly consumption

When you buy something, let's say a new sweater, buy the best quality you can afford and enjoy it for a long time. Grandma used to say “cheap buys expensive”. If you buy cheap, you run the risk of making a bad purchase. Not only does it cost you more than a really good item, but the climate also pays the price.
You don't necessarily have to own things that you rarely need yourself. For example, if you want to assemble a box, you can borrow a drill. Family and friends are of course a good place to go. In larger cities, however, there are more and more providers who lend out items. Car sharing is another example of this. And it shows that sharing is cheaper (if you honestly take all costs into account).
You have a choice in many product groups. When it comes to food, organic, regional and seasonal products are generally considered more climate-friendly than other products. Vegetables are less harmful to the climate than meat. It is difficult for laypeople to assess whether a product is climate-friendly. For some things, common sense can help: “fast fashion”, mass-produced goods from cheap chains are rarely produced sustainably. For other products, a seal of quality can help you, for example the “Blue Angel”, the Austrian Ecolabel and the EU Ecolabel.
You can also act sustainably when it comes to spending on wealth accumulation. While with a savings account you have no influence on how the banks invest your money, you can opt for shares in sustainable companies or sustainable funds on the capital market. Funds are sustainable if they only include shares in sustainable companies. In other words, companies that pay attention to the environment and society. And not shares in companies that manufacture weapons or tobacco products, for example.  
What money has to do with climate change

What Dr. Dr. Money says

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