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Is The Economic Recovery Plan ‘Green’ Enough?

The ‘green’ aspect of President Obama’s recovery plan has fallen short of expectations.

The $100 billion allocated to green measures representing just under 13% of the total package falls way short of the benchmark set in a recent report led by economist Nick Stern, that green measures should account for 20% of global economic recovery plans. It also fails to meet the UN target of 1% of GDP.  This is especially shameful given that South Korea has devoted two-thirds of its $36bn recovery package to green investment. China too has allocated one-third of its $580bn recovery plan to green measures such as energy efficiency. (Source: The Guardian)

On the flip side, the environmentalists are celebrating. Their view is that a few percentage points here or there does not matter given the relatively quick passage of the recovery plan. Earl Blumenauer, a Congressman from Oregon and a champion of the environment says that just a year ago, the U.S. was still in denial on many environmental issues.

What are your views?  Are you disappointed or ecstatic? Does the recovery plan provide the ‘green’ that it promised?

Read more about green initiatives in the recovery plan:

Stimulus Includes Solar Incentive, But Will it Be Enough for Struggling Solar Companies?

Obama’s American Recovery and Reinvestment Plan

Written by Reenita Malhotra

Reenita Malhotra Hora is an Ayurveda clinician, entrepreneur, writer and mom. Her experience has ranged from running Ayoma, an Ayurveda business to running a natural health practice at San Francisco's California Pacific Medical Center.

Reenita is a published author of two books books about health and wellness: ‘Ayurveda - the Natural Medicine of India’ and
‘Inner Beauty’. She is also the Editor for Green Options Media's business blogs and a freelance writer for a variety of print and web publications.

In quieter moments, she likes to spend her time hiking, swimming the warm seas, cooking with the family or writing fantasy fiction adventure stories for kids from from 2 to 92.

Check out her wisdom at www.reenita.com

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