Slowdown may affect green investment, says NYT

by Fran Smith on November 25, 2008 · 3 comments

in Environment, Global Warming

An article today in the New York Times notes that the worldwide economic slowdown may hold up investments in clean energy projects to combat global warming. An EU official was quoted in what is today’s best “statement-of-the-obvious”:

Barbara Helfferich, the European Commission spokeswoman on the environment, said, “Investing in reducing emission[s] is more difficult to do in times of economic downturn than when you have money to spend.”

But that might not stop President-elect Obama from spending $15 billion of taxpayers’ money annually — for ten years — for green jobs.

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