Tuesday, September 15, 2009

Expert: 'Green Recovery' Isn't Happening

One of the world's top economists says despite pledges from world leaders five months ago, the world has yet to see the large investment in green jobs and technologies.

It was part of a plan back in April by the G20 to spur global economic recovery.

But Jeffrey Sachs, an economist at Columbia University in New York who advises U.N. Secretary-General Ban Ki-moon, said: "The green recovery ... was a good idea. It became a slogan; it is not a reality in any sense right...

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