{"id":1250,"date":"2009-02-24T12:43:56","date_gmt":"2009-02-24T12:43:56","guid":{"rendered":"http:\/\/ietransfer.wpengine.com\/?p=1250"},"modified":"2009-02-24T12:43:56","modified_gmt":"2009-02-24T12:43:56","slug":"is-the-economic-recovery-plan-green-enough","status":"publish","type":"post","link":"https:\/\/inspiredeconomist.com\/articles\/is-the-economic-recovery-plan-green-enough\/","title":{"rendered":"Is The Economic Recovery Plan &#8216;Green&#8217; Enough?"},"content":{"rendered":"<h4><a href=\"http:\/\/inspiredeconom.wpengine.com\/wp-content\/uploads\/2009\/02\/images-11.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1251 alignleft\" style=\"float: left\" src=\"http:\/\/inspiredeconom.wpengine.com\/wp-content\/uploads\/2009\/02\/images-11.jpg\" alt=\"\" width=\"198\" height=\"132\" \/><\/a><\/h4>\n<h4>The &#8216;green&#8217; aspect of President Obama&#8217;s recovery plan has fallen short of expectations.<\/h4>\n<p>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 <a href=\"http:\/\/www.guardian.co.uk\/environment\/2009\/feb\/11\/stern-climate-change\" target=\"_blank\" rel=\"noopener\"><strong>Nick Stern<\/strong><\/a>, that green measures should account for 20% of global economic recovery plans. It also fails to meet the UN target of 1% of GDP.\u00a0 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. <a href=\"http:\/\/www.guardian.co.uk\/environment\/2009\/feb\/24\/obama-environment-economic-rescue\" target=\"_blank\" rel=\"noopener\"><em>(Source: The Guardian)<\/em><!--more--><\/a><\/p>\n<p>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. <a href=\"http:\/\/blumenauer.house.gov\/\" target=\"_blank\" rel=\"noopener\"><strong>Earl Blumenauer<\/strong><\/a>, 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.<\/p>\n<p>What are your views?\u00a0 Are you disappointed or ecstatic? Does the recovery plan provide the &#8216;green&#8217; that it promised?<\/p>\n<h4>Read more about green initiatives in the recovery plan:<\/h4>\n<p><a title=\"Stimulus Includes Solar Incentive, But Will it Be Enough for Struggling Solar Companies?\" rel=\"bookmark noopener\" href=\"http:\/\/redgreenandblue.org\/2009\/02\/22\/stimulus-includes-solar-incentive-but-will-it-be-enough-for-struggling-solar-companies\/\" target=\"_blank\">Stimulus Includes Solar Incentive, But Will it Be Enough for Struggling Solar Companies?<\/a><\/p>\n<p><a title=\"Obama\u2019s American Recovery and Reinvestment Plan\" rel=\"bookmark\" href=\"..\/2009\/01\/15\/obamas-american-recovery-and-reinvestment-plan\/\">Obama\u2019s American Recovery and Reinvestment Plan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The &#8216;green&#8217; aspect of President Obama&#8217;s recovery plan has fallen short of expectations.<\/p>\n","protected":false},"author":65,"featured_media":1251,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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expectations.","_links":{"self":[{"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/posts\/1250"}],"collection":[{"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/users\/65"}],"replies":[{"embeddable":true,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/comments?post=1250"}],"version-history":[{"count":0,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/posts\/1250\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/media\/1251"}],"wp:attachment":[{"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/media?parent=1250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/categories?post=1250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/tags?post=1250"},{"taxonomy":"adace-sponsor","embeddable":true,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/adace-sponsor?post=1250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}