Is Obama green enough?
The Inspired Economist asks the question this week as to whether Obama’s stimulus package is green enough. Linking to a report in The Guardian it is pointed out that the $100 billion allocated to green measures amounts to less than 13% of the total package, some way below that recommended by economist Nick Stern. South Korea, by comparison, has devoted two-thirds of its $36bn recovery package to green investment and China one-third of its $580bn. It is observed that 13% is significantly better than what might have been the case under the previous administration given it spent the best of part of eight years in climate change denial. However, this is likely to be small comfort for those reading the reports last week that climate change is worse than the IPCC thought.