According to UNEP: Public finance can scale up climate investment

Editor — Mon, 26 Oct 2009 07:42:03 +0000

According to Reuters, “Public finance could help stimulate private investment in climate change solutions in developing countries, a report commissioned by the United Nations’ Environment Program showed on Monday.

World leaders are grappling with how much funding should be provided for poor countries as part of a deal to tackle climate change which they hope to clinch in Copenhagen in December.

Achim Steiner

“Today’s report underlines a range of public policy options that reflect the varying circumstances currently prevailing in developing economies and show how existing barriers to a green economy can be leap-frogged,” said UNEP’s Executive Director Achim Steiner.”

Reuters

$750 billion “green” investment could revive economy: U.N.

Editor — Thu, 03 Sep 2009 04:28:07 +0000

According to Reuters, “Investments of $750 billion could create a “Green New Deal” to revive the world economy and protect the environment, perhaps aided by a tax on oil, the head of the U.N. environment agency said on Thursday.

Achim Steiner said spending should focus on five environmental sectors including improved energy efficiency for buildings and solar or wind power to create jobs, curb poverty and fight climate change.

“The opportunity must not be lost,” Steiner, head of the U.N. Environment Program (UNEP), told Reuters of a UNEP study that will be put to world leaders meeting in London on April 2 to work out how to spur the ailing economy.

The UNEP report said investments of one percent of global gross domestic product, or about $750 billion, could bankroll a “Global Green New Deal” inspired by the “New Deal” of U.S. President Franklin D. Roosevelt that helped end the depression of the 1930s.”

Source: Reuters

Green Street Journal » UNEP

According to UNEP: Public finance can scale up climate investment

$750 billion “green” investment could revive economy: U.N.