Green Money

If money is the root of all evil, then it can also be used to help solve the world's problems. Where you keep it, what you spend it on and where you spend it are all contributors to how much you are affecting sustainability.

Nearly all of us keep our money in a bank or building society. But there's only one high street bank that uses our money ethically: the Co-operative. By banking there, I know my earnings aren't being used to fund arms manufacturers, tobacco companies, fur farmers or human rights violators.

My savings are with York Credit Union. Credit unions are locally owned and run financial co-operatives that lend money to people who might otherwise have to turn to a loan shark to borrow. Another option for savings is the Ecology Building Society, which only lends to environmentally sound building projects.

Those seeking to invest money, for instance in a pension, should look at ethical investment. There are lots of products to choose from my advice is to contact the Ethical Investment Association.

When you spend your money, it makes environmental sense to buy local, organic and fair trade. If purchasing electrical or mechanical goods, get something A-rated or fuel efficient, as this saves money in the long run, as well as reducing carbon emissions. If you can, buy from a locally owned business, a charity shop or a co-op that is owned by its members. As a Co-operative group member, I get a dividend because I shop in Co-ops, and it's so easy to join online.

The worst thing about money is its uneven distribution. The gap between the rich and poor is growing - in the UK and many other countries. Anything that wealthier people can do to make things more equal is surely desirable. Giving to charity helps.

Remember, money is a tool. Use it wisely.