Credit Crisis Could Enable “green growth”

Instead of sidelining the fight against climate change, the global credit crisis could hasten countries’ efforts to create “green growth” industries by revamping the financial system behind them, the U.N. climate chief said on Friday.

But that would depend on governments helping poor countries — who are key to saving the planet’s ecology — tackle their problems, instead of spending most available money on rescuing the financial world, Yvo de Boer told reporters.

Without reaching out a hand to developing countries, it would be very difficult to make advances on the rest of the environmental agenda, De Boer said.

Environment ministers will meet in two months’ time in Poznan, Poland, to prepare for the Copenhagen summit, which is due to agree on a new global-warming accord to succeed the Kyoto Protocol, which expires in 2012.

Ministers in Poznan must make clear they were “willing to put financial resources, the architecture, the institutions in place that will allow developing countries to engage in a global approach on both mitigation and adaptation,” he said.
source

About Rashid Faridi

I am Rashid Aziz Faridi ,Writer, Teacher and a Voracious Reader.
This entry was posted in Ecosystem, Environment, opinions. Bookmark the permalink.

1 Response to Credit Crisis Could Enable “green growth”

  1. Richa says:

    Hi,

    I am Richa from SiliconIndia. I am also an avid blogger for a while now and participating actively in Indian blogosphere. I read your blog posting and found them very interesting and informative. We would love to see a copy of your blogs posted here, whenever you are posting it on blogger.com. Here are some of the benefits of posting your blogs here:

    We have a strong community of 1 Million professionals
    Best blogs of 2008 to be published in a book “SiliconIndia bLoG PrinT”
    Best blog to be printed in SliconIndia & SmartTechie magazines each month
    Chance to be featured on homepage everyday
    There are 10,000 active bloggers who participate in active blogging

    We appreciate your community initiative here and in helping build a more powerful India! Also, if you have any ideas or want to volunteer to help for SiliconIndia, we would be more than excited to get your help. Pls mail me back at richa@siliconindia.com with your suggestions and feedback.

    Richa
    Blog Editor – SiliconIndia
    http://blogs.siliconindia.com/

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.