Angela Cropper, the deputy executive director of the U. Environment Program, said Thursday she welcomed the recent announcements by several Asian countries, including South Korea and Japan, of a green component to their multibillion dollar stimulus packages. Cropper lauded the effort of governments “to create the climate in which business and industry can tap into these new investments. The initiatives come on the heels of President Barack Obama’s promise to invest $150 billion over the next decade to create green jobs, particularly in the automotive industry, and to improve the electricity grid so people can drive plug-in hybrid vehicles. Japan also recently announced that it aims to expand the “green business” market and create up to a million new jobs, with measures including zero-interest rate loans for environmentally friendly companies, the U. James Gifford, the executive Director of Principles for Responsible Investment, a U. read more

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