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South Korea Unveils $38 Billion Green Stimulus

by Stephanie Rogers · View Comments

South Korea is a step ahead of the United States in terms of creating a ‘Green New Deal’. The country’s prime minister announced on Tuesday that South Korea will invest 50 trillion won ($38 billion USD) over the next four years on environmental projects to invigorate the economy and create nearly a million jobs. The announcement comes just weeks before President-elect Obama’s inauguration, after which he is expected to quickly begin work on a U.S. green stimulus.

From MSNBC:

“We are in an unprecedented global economic crisis,” Prime Minister Han Seung-soo said in a statement. “We must respond to the situation in an urgent manner.”

Energy conservation, recycling, carbon reduction, flood prevention, development around the country’s four main rivers and maintaining forest resources are among projects to be pursued under the plan, approved at a Cabinet meeting.

Trade-dependent South Korea is looking for ways to boost its slowing economy as global demand wanes for traditional mainstay goods such as automobiles and technological products.

It’s certainly good for the U.S. to have some competition in this area, and encouraging to know that leaders around the world consider a green stimulus to be a smart way to tackle the economic crisis. If more countries began integrating sustainability into the basic fabric of their economies, we’d be well on our way to a far healthier planet.

Link [MSNBC]
Photo credit: Flickr user http2007

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    Your opinion would be respectfully and greatly appreciated on this IDEA! that is only an IDEA! at this time.

    If the zillions of kids around the world called ECOKIDS could somehow be brought together as a one, unified world organization the positive environmental results could be real and awesome. Kids can have a powerful influence on adult's thinking because our kids are our tomorrows. ECO KIDS of the world are the same in name and are different in their ways but they are together in goals trying to help make this old world a safer, cleaner and healthier place for us all. during these times, and given their huge recognized numbers it would seem that the world's ECO KIDS working together to achieve this goal would at least be worth a thought. ECO KIDS of the world support and participate in the annual Earth Day,celebrations, along with millions other people in over 170 countries.that should say something. There can be no better need or greater deed than saving the earth.

    Schools, Groups, Clubs,Organizations
    ,Come Join Us


    Become a WORLD MEMBER of ECO KIDS


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    Only Just an IDEA!

    Thank you
    William B
    ECOKIDS
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