European governments have announced stimulus packages worth billions over the past months to lift economies out of the economic crisis, but only a tiny fraction of the money will be invested in 'green growth' - climate, energy and environmental measures, a new study reveals. The largest 13 EU economies have announced economic packages worth €90 billion, or 0.78 percent of their gross national product, from 1 September 2008 to 28 January 2009. US president Barack Obama is set to invest heavily in green technology over the next ten years But of this only €1.2 billion - 1.3 percent - will be devoted to green investments, according to a new analysis published by Danish weekly, Monday Morning. The study is based on figures from the Brussels based think-tank Bruegel. "Much more could be done on in the areas of energy- and climate," said Jakob von Weizsäker from Bruegel. The financial aid packages reflect a traditional and outdated way of thinking by European governments, he pointed out.
European governments have announced stimulus packages worth billions over the past months to lift economies out of the economic crisis, but only a tiny fraction of the money will be invested in 'green growth' - climate, energy and environmental measures, a new study reveals.
The largest 13 EU economies have announced economic packages worth €90 billion, or 0.78 percent of their gross national product, from 1 September 2008 to 28 January 2009.
US president Barack Obama is set to invest heavily in green technology over the next ten years
But of this only €1.2 billion - 1.3 percent - will be devoted to green investments, according to a new analysis published by Danish weekly, Monday Morning. The study is based on figures from the Brussels based think-tank Bruegel.
"Much more could be done on in the areas of energy- and climate," said Jakob von Weizsäker from Bruegel.
The financial aid packages reflect a traditional and outdated way of thinking by European governments, he pointed out.
