Obama said to call today for 2% of US GDP transfer to UN for green projects, social equity, which per BBC article means world fisheries must be reduced, are unsustainable, and perversely rewarded.
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2/21/11, "Green economies for growth, urges UN," BBC
"Investing $1.3 trillion (£800bn) each year in green sectors would deliver long-term stability in the global economy, a UN report has suggested.
Spending about 2% of global GDP in 10 key areas would kick-start a "low carbon, resource efficient green economy", the authors observed.
- They also recommended following policies that decoupled economic growth from intensive consumption.
The findings have been published at a meeting attended by
- 100 ministers.
"Governments have a central role in changing laws and policies, and in investing public money in public wealth to make the transition possible," said Pavan Sukhdev, head of the
- UN Environment Programme's (Unep) Green Economy Initiative.
"From phasing down and phasing out the $600bn global fossil fuel subsidies,
- to re-directing more than $20bn subsidies perversely rewarding
- those in unsustainable fisheries."
Unep defined a "green economy" as one that resulted in "improved human well-being and
- social equity,
while significantly reducing environmental risks and ecological scarcities".
When it came to investing 2% of GDP in greening the global economy, the authors recommended a number of investments, including:
- $108bn greening agriculture, such as encouraging and supporting smallholder farms
- $134bn on the building sector, including improving energy efficiency
- $110bn improving fisheries, including
- reducing the capacity of the world's fishing fleet....
- which is being held in Nairobi, Kenya, until 24 February."
2/21/11, "Green economy needs 2% of every nation's income, says UN," UK Guardian, Fiona Harvey (says Obama will call for 2% of US GDP)
photo Scottish fisherman, BBC, 9/30/10
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