World's Stimulus Programs Offer Little Green. By Fiona Harvey, FT, March 3, 2009. "Economic stimulus plans being rolled out across the world could commit countries to rapid growth in greenhouse gas emissions, cancelling some of the green initiatives included within them, analysis has found. The packages of tax cuts, credits and extra spending have been trumpeted for their environmental credentials by the governments proposing them, but a closer look shows that green spending account for only a small part of the bigger initiatives... Tokyo will devote 2.6 per cent of its spending to green investments... out of a total stimulus package of $486 billion... New Delhi has no plans to spend any of its $14 billion fiscal package on low-carbon activities... France and Germany are leading the way in Europe, with a fifth of the $34 billion French package and 13% of Germany's to be targeted at low-carbon industries. In the UK, where ministers have promised hundreds of thousands of new green jobs, about 7% will go to environmental goods and services... Italy will channel only 1% of its planned $100 billion to green measures and Poland, which is highly reliant on coal-fired electricity, does not plan for any of its stimulus to be green."
2009-03-06
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