UNEP sees emergence of green economy [View All]

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UNEP sees emergence of green economy

Written by Raymond Gichuki in Monaco
Wednesday, 20 February 2008

The UNEP Year Book 2008 says the emerging green economy is also driving invention, innovation and the imagination of engineers on a scale perhaps not witnessed since the industrial revolution of more than two centuries ago.

According to the United Nations Environment Programme’s (UNEP) Year Book, a growing numbers of companies embrace environmental policies and investors pump hundreds of billions of dollars into cleaner and renewable energies.

It includes the growing interest in novel ‘geo-engineering’ projects such as giant carbon dioxide (C02) collectors that absorb greenhouse gases from the air rather like trees do during photosynthesis.

The UNEP Year Book, an annual report requested by ministers, underlines some of the elements of a Green Economy which are already falling into place.

Achim Steiner, UN Under-Secretary General and UNEP Executive Director, said: “Hundreds of billions of dollars are now flowing into renewable and clean energy technologies and trillions more dollars are waiting in the wings looking to governments for a new and decisive climate regime post 2012 alongside the creative market mechanisms necessary to achieve this.”

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