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Many countries factoring environmental investments into economic stimulus packages
The Asian economies of China and the Republic of Korea are emerging as global leaders in their commitments to invest significant slices of their stimulus packages in environmental, 'green new deal' projects.
A Global Green New Deal update by the UN Environment Programme (UNEP), launched as G20 nations meet in Pittsburgh, Pennsylvania, shows that over a third of China's recovery spending is being focused on areas ranging from railways and water infrastructure to energy efficiency and renewables like wind and solar.
The Republic of Korea is going even further in terms of setting the stage towards a transition to a low carbon, resource efficient Green Economy.