UK Prime Minister, Gordon Brown, is about to address the USA Congress and a global New Deal plus financial stimulus is on the agenda. So will this be a financially and environmentally sustainable new deal? There are some signs.
A snapshot - we have far more funding for energy programs in the US than any bill in history. The UK aims to access a £1 billion economic boost from energy. 3.9 of the 42 billion Australian financial stimulus goes to home insulation and solar hot water.
It is not just government. Recently investors, with US$ 3 trillion in assets, highlighted that climate actions can create $144 billion in savings. McKinsey, in its revised global Pathway to a Low Carbon Economy, finds the global investment required to address climate change is reasonable and "many of the opportunities would see future energy savings largely compensate for upfront investments."
Sunday, March 1, 2009
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