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Go online, save forest, says study

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  • Think your family going green won’t make a difference? Wrong, says a US study released on Thursday that shows one household ditching paper statements for Web transactions would save 24 square feet of forest a year.

    The PayItGreen Alliance said it believed this was the first detailed study commissioned to determine the impact of one individual household on the environment and it hoped to get across the message that every green step counted.

    The study found the average US household receives about 19 bills and statements from credit card companies and banks every month and makes about seven payments by paper each month.

    By switching to electronic bills, statements and payments, the average American household would save 6.6 pounds of paper a year, save 0.08 trees, and not produce 171 pounds of greenhouse gases — the equivalent of driving 169 miles.

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    The survey, whose results were vetted by the Environmental Protection Agency, said it would also mean avoiding the deforestation of 24 square feet of forest, the release of 63 gallons of wastewater into the environment, and save 4.5 gallons of gasoline used for mailing.

    “Individuals who think they are only one person and can’t really have an impact should re-evaluate their position. Even small contributions can have a impact when aggregated,” said Craig Vaream, a member of the PayItGreen Alliance and JPMorgan Chase.

    JPMorgan Chase is one of about 16 members of the alliance which is made up of financial services companies and also includes Bank of America and the Federal Reserve Banks.

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