The Greening of Growth
NAIROBI – The G-20 summit in Toronto offers an opportunity for a long, hard look at how green investments are assisting economic recovery and job growth in many countries, while generating environmental gains as well, including on climate change.
China, which channeled around one-third of its stimulus package into environmental sectors, has seen its GDP rise sharply, and employment in renewable energies such as solar has climbed to more than 1.5 million, with 300,000 workers added in 2009 alone.
Spain’s unemployment rate is high, but it would undoubtedly be higher without its policy to foster wind power and other clean-tech sectors, in which a half-million jobs have been created.
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