Looked at one way, the financial crisis is a disaster for global efforts to combat climate change. Governments, businesses and individuals caught up in concerns over the economy will have little time and less money to think about long-term issues such as climate change. The “green” intentions that bloomed in a sunnier economic climate will wither in the chilly economic winds now blowing. Companies will return to a simple focus on the bottom line.
But there is another way of seeing the crisis: that changing the world’s old fossil fuel-based economy onto a new low-carbon footing could provide the stimulus needed to bring the world out of its current economic downturn and fuel long-term growth, while avoiding the risks posed by global warming.
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