Green Collar GroupMore green stimulus needed:UN
Posted by: GreenCollar on Saturday, 26 September 2009
Economic stimulus packages should boost investment in green projects, the United Nation’s Environmental Program (UNEP) said this week.
Investments in environmentally-friendly projects fall short of the $750 billion or one percent of global GDP recommended for reducing carbon dependency, the agency said in a statement.
“An estimated 15 percent of the estimated $3.1 trillion-worth of global stimulus packages are green in nature,” Achim Steiner, executive director of UNEP said in a statement. This is “in many cases well below the recommended one per cent of global GDP which economists advise is the sum that can catalyse real and sustainable, world-wide change.”
