The economics of eco-friendly living



People who are making a new year's resolution to get their finances under control don't know it yet, but if they succeed they are also about to become more eco-friendly.

As I learned after vowing to regularly recycle last January 1, living sustainably costs less. Knowing I have to haul whatever is left over from my purchases to a recycling station means I pass on things I don't really need out of sheer laziness, because they will only eventually add to my clinking, heavy recycling load. I also work harder to reuse what I do buy, storing cereal and pasta in glass jars and saving plastic containers for leftovers.

These two-way benefits apply throughout the home. Using fewer personal products but ensuring they are made from organic, all-natural ingredients means it makes much less sense to be tempted by an expensive assortment of the latest potions and scrubs at the pharmacy or beauty counter. Trying to eliminate toxins from the home precludes chemical-laden dryer sheets, fabric softeners, and anything carrying a synthetic fragrance. Those half-dozen or more cleaning products stashed under the kitchen sink can be replaced with one or two "green" options or, even better, a natural alternative such as lemon, baking soda or vinegar.

So make the resolution to save money and each time you answer "no" to the question "do I really need this?" you can feel good about your place on the planet, too.

COMPANY PROFILE

Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
Funding: About $1.7 million
Investors: Self, family and friends

Key developments in maritime dispute

2000: Israel withdraws from Lebanon after nearly 30 years without an officially demarcated border. The UN establishes the Blue Line to act as the frontier. 

2007: Lebanon and Cyprus define their respective exclusive economic zones to facilitate oil and gas exploration. Israel uses this to define its EEZ with Cyprus

2011: Lebanon disputes Israeli-proposed line and submits documents to UN showing different EEZ. Cyprus offers to mediate without much progress.

2018: Lebanon signs first offshore oil and gas licencing deal with consortium of France’s Total, Italy’s Eni and Russia’s Novatek.

2018-2019: US seeks to mediate between Israel and Lebanon to prevent clashes over oil and gas resources.

'Avengers: Infinity War'
Dir: The Russo Brothers
Starring: Chris Evans, Chris Pratt, Tom Holland, Robert Downey Junior, Scarlett Johansson, Elizabeth Olsen
Four stars

THE SPECS

Cadillac XT6 2020 Premium Luxury

Engine:  3.6L V-6

Transmission: nine-speed automatic

Power: 310hp

Torque: 367Nm

Price: Dh280,000

COMPANY PROFILE

Company name: Almouneer
Started: 2017
Founders: Dr Noha Khater and Rania Kadry
Based: Egypt
Number of staff: 120
Investment: Bootstrapped, with support from Insead and Egyptian government, seed round of
$3.6 million led by Global Ventures


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