UN: $750bn could finance "Global Green New Deal"
Five environmental sectors should be the goals of immense investments in a global attempt to revive world economy and fight global warming. This call for action will be sounded by UNEP, the UN Environment Program, when leaders of the world's greatest economies (G20) meet in London on April 2.
"The opportunity must not be lost," Achim Steiner, head of the UN Environment Program (UNEP), tells Reuters.
According to UNEP, investments of one percent of global gross domestic product, about 750 billion dollar, could finance a "Global Green New Deal" inspired by the "New Deal" that US President Franklin D. Roosevelt put forward to end the economic crisis of the 1930s.
The five environmental sectors mentioned in the UNEP report are: energy efficient buildings, renewable energies, better transport, improved agriculture and measures to safeguard nature.