The United Nations has issued a Global Green New Deal Policy Brief by economists in the run of the G20 meeting of world leaders in London in early April. Among the findings of the brief is the assertion that investing one per cent of global GDP, or around $750 billion, into five key sectors could be the key to a Global Green New Deal.
The report points out the multiple economic, environmental and social benefits of investing a significant amount of the $3 trillion-worth of stimulus packages in five areas. They are as follows:
* Raising the energy efficiency of old and new buildings
* Renewable energies including wind, solar, geothermal and biomass
* Sustainable transport including hybrid vehicles; high speed rail and bus rapid transit systems
* The planet’s ecological infrastructure including freshwaters, forests, soils and coral reefs
* Sustainable agriculture including organic production
The five sectors could in conjunction with other measures play an important role in reviving the global economy and boosting employment while accelerating the fight against climate change, environmental degradation and poverty.
The Global Green New Deal Policy Brief also supports UN Secretary-General Ban Ki-Moon’s message that in rescuing the global economy the world must not lose sight of the development agenda and the need to protect vulnerable groups.
The Policy Brief for a Global Green New Deal is aimed at informing members of the G20 meeting in the UK on 1 April and members of the G8 meeting in Italy on policies that can deliver multiple benefits and set the stage for a Green Economy for the 21st century. The report is the latest in a pipeline of reports supporting the UNEP Green Economy initiative announced in October 2008 and led by Pavan Sukhdev, on secondment from Deutsche Bank and UNEP’s Economic and Trade Branch headed by Hussein Abaza.
© 2009, Tracey de Morsella. All rights reserved. Do not republish.