Thursday, November 13, 2008

Can green jobs end the economic meltdown?

"Moreover, a new rationale for promoting green investments is beginning to emerge. Many luminaries, from the head of the United Nations Environment Programme to Barack Obama, America’s president-elect, tout the industry as a means both to address global warming and stimulate flagging Western economies. Reports enumerating the economic benefits of state support for clean technology, in the form of industries fostered and jobs created, abound. American lawmakers, at any rate, seem convinced: they slipped an extension of all-important subsidies for renewable energy into the recent bail-out for financial services."