2008-10-23

U.N. Announces Green 'New Deal' Plan to Rescue World Economies. By Paul Eccleston, London Telegraph, October 23, 2008. "A global green 'New Deal' is needed to transform the world's economies, according to a new UN report... It would be similar to Franklin D Roosevelt's New Deal which helped the US recover from the Great Depression of the 1930s... But it would be aimed at a fundamental restructuring of economies weaning away dependence on oil and towards cleaner and more sustainable sources of energy. The Green Economy Initiative from the UN Environment Programme (UNEP) calls for global economies which invest in better care and management of the Earth's natural resources such as rainforests and oceans. Rather than more boom and bust cycles and the continued asset stripping of dwindling resources, the new green system would nurture and re-invest in them... Launching the report in London [on Wednesday] Achim Steiner, UNEP executive director, said the worldwide financial crisis had created an historic opportunity to replace a system which had seen the world's GDP double between 1981-2005 but which had resulted in 60 per cent of the Earth's ecosystem being degraded while 2.6bn people were still living on less than $2 per day."

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