Green | October 22, 2008 | 19 comments

UN: Rebuild global economy through green investment

source: http://www.guardian.co.uk/environment/2008/oct/22/climate-change-renewable-energy

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The United Nations today called for a refocusing of the world's economy towards investments in clean technologies and natural infrastructures such as forests in a Green New Deal that could revive the stumbling global economy, combat climate change, and cut poverty.

The UN's Environment Programme (UNEP) said the financial, fuel and food crises of 2008 highlighted the need for an innovative approach similar to the state-funded scheme used by US president Franklin D Roosevelt, in response to the Great Depression.

The organisation, supported by governments and top economists, is calling for - and believes it will achieve - decisive government action when finance ministers meet for the Financing for Development-Doha Review conference next month in New York.

"Transformative ideas need to be discussed and transformative decisions taken," said Achim Steiner, the US undersecretary general and UNEP executive director.

"The alternative is more boom and bust cycles; a climate-stressed world and a collapse of fish stocks and fertile soils up to forest ecosystems," he added.

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