Tuesday, February 22, 2011

Europe: A New Green Economy

A new green economy is within Europe's grasp: Report

21 February 2011 - Europe can revitalise its economy by a massive burst of investment in green technologies aimed at reducing emissions by 30% by 2020 on 1990 levels, according to a major new report promoted by the German Environment Ministry.

By increasing investment from 18% to 22% of GDP, the report argues, a major retrofit of European building stock and reorientation of the energy grid towards renewables can spur a construction boom that will increase economic growth rates by up to 0.6% a year.

In the process, a mutual reinforcing process would take place with up to six million additional jobs being created. This would be helped by the utilisation of hi-tech industries such as nanotechnology and robotics.

'Realistic assessment' {continued}

Europe: A New Green Economy

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