| Publication |
2009.
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| Summary/Abstract |
No way. Vowing to pump $150 billion into green technology over the next decade, U.S. President Barack Obama has made big promises about his environmental agenda. "It will also help us transform our industries and steer our country out of this economic crisis by generating 5 million new green jobs that pay well and can't be outsourced," he said in November.
British Prime Minister Gordon Brown has similarly called for an international "Green New Deal" to create a "low-carbon recovery." The United Nations wants a full 1 percent of global GDP to go to environmental initiatives. Rich countries such as Canada, Japan, and South Korea are obliging, spending billions to promote ecofriendly projects and green businesses.
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