UN Report: £50 Trillion Necessary To Avert 'Major Planetary Catastrophe’

'It is rapidly expanding energy use, mainly driven by fossil fuels, that explains why humanity is on the verge of breaching planetary sustainability boundaries,' the report said Photo: Reuters

£50 Trillion Needs To Be Spent On Going Green If World Is To Avert 'Major Planetary Catastrophe’ -- The Telegraph

Almost £50 trillion must be spent on green technology over the coming decades if the world is to avert a “major planetary catastrophe”, the United Nations has claimed.

Governments must invest three per cent of world GDP – about £1.2 trillion in 2010 – annually for 40 years to stop climate change and famine, according to the UN's department of economic and social affairs.

At least £688 billion of that will need to be spent each year in developing countries, in order to meet their populations' increasing demands for resources, the 2011 World Economic and Social Survey said.

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My Comment: In my 50 years of living, governments and international institutions have an impeccable record when it comes to wasting public funds. Now a report is saying that we should give them £50 trillion .... lol .... the report may point out what are the problems in the world, but using governments (especially the UN) to solve these problems has not proven to be a viable solution in most (if not all) of these cases.