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China, South Korea lead in green tech funding
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Written by Daniel   
Thursday, 06 May 2010 16:46

From C/Net News


China may arguably be the world's biggest polluter, but it seems the country is also the most serious investor in green tech.

A third of its economic recovery package was spent on green-technology investment in the form of high-speed rail trains and infrastructure, wind energy, solar energy, and energy-efficient lighting. It equates to about 3 percent of China's GDP (gross domestic product), according to a new United Nations Environmental Programme (UNEP) book released Wednesday.



The UNEP book, "A Global Green New Deal: Rethinking the Economic Recovery," was published by the UNEP and Cambridge University Press (CUP). It was authored by Edward Barbier, the John S. Bugas professor of Economics at the University of Wyoming and a consultant to the UNEP's Green Economy Initiative.
(Credit: K Hines/Cambridge University Press 2010)

"Last year UNEP and its advisors recommended that countries which invest one percent of their GDP in environmental sectors could begin realizing this low carbon, resource efficient, green economy path," UN Under-Secretary General and UNEP Executive Director Achim Steiner said in a statement.

 

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