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The UN has released a report detailing methods to use green energy sources to help kick start economies in developing nations.
The report claims investing as little as two percent of Gross Domestic Product (GDP) could change economies’ carbon bases from high to low.
The report singled out India, wherein the National Rural Employment Guarantee Act has generated an estimated three billion days’ worth of employment while still concentrating on water conservation and land development.
The report also stated despite finding evidence of long term benefits, there would be short-term jobs losses for economies who decided to switch to more green areas.
Job areas such as fishing and other areas directly affecting the environment would be the hardest hit in the proposed changeover.
There are supporters of the UN’s findings, particularly in organizations with an established environmental focus.
World Wildlife Fund (WWF) International Director General Jim Leape showed support for the bill.
“UNEP’s report demonstrates that a clean and green development path can produce growth and employment while cutting costs and reducing the risks associated with business as usual,” Mr. Leape said.
“Conventional economic thinking, GDP measures of growth and conventional corporate accounting will take us crashing headlong into the Earth’s limits.”
The report was released as part of the UN Millennium Development goals. The goals focus on poverty, international standards of living and energy concerns.
Pavan Sukhdev head of the UNEP’s Green Economy Initiative stressed the importance of government in changing the current focus of economies from carbon based to green.
“A Green Economy is not about stifling growth and prosperity, it is about reconnecting with what is real wealth; re-investing in rather than just mining natural capital; and, favouring the many over the few. It is also about a global economy that recognizes the intergenerational responsibility of nations to hand over a healthy, functioning and productive planet to the young people of today and those yet to be born.”
There were ten key sectors identified as having the greatest role in establishing a greener economy.