There is a shift from environmental focus. Quote:The worldwide economic crisis is prompting a growing number of countries to back away from pledges to cut greenhouse gas emissions and invest in clean energy.
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In the United States, some business groups are calling on President-elect Barack Obama to move cautiously in tackling global warming, saying that a too aggressive response could prolong the economic downturn and cost jobs.
But a growing chorus of other businesses, environmentalists, and politicians are calling for a green-based economic recovery.
Quote:"It's a smart thing to do for the economy and a strategically wonderful thing to do for the environment," said David Foster, executive director of the Blue Green Alliance, a partnership between the Sierra Club and United Steelworkers that works to develop green jobs. His group points to a University of Massachusetts report earlier this fall that said a $100 billion investment in clean technology could create 2 million new jobs in the next two years.
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On Saturday, Obama gave his strongest comments yet about making the environment a cornerstone of his economic stimulus plan. He outlined a package to create 2.5 million jobs, that included "building wind farms and solar panels, fuel-efficient cars and alternative energy technologies that can free us from our dependence on foreign oil..."
But drop in oil price means that there are not as much business incentives now to spent money upfront on alternative technologies.
Can taxpayers handle the burden?
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Financial crisis effect (Read 1191 times)
