Environmental Engineering Reference
In-Depth Information
Old “clunkers”, marked-up for exchange as part of the US's big automobile
upgrade scheme.
energy targets, and the US may adopt a federal goal for the whole country.
Expect more of this direct intervention if persuasion or financial incen-
tives fail to deliver sufficient low carbon energy.
The great green energy stimulus
How real was it?
At the onset of the 2008-09 recession, many governments around the
world boasted that they had included a large “green stimulus” in their
economic recovery programmes, as a boost to the environment and to
clean energy, as well as to their economies.
According to a November 2009 report by the HSBC bank, pledges for
“green stimulus spending” spanning renewables, carbon capture, energy
efficiency, low-emission cars, rail networks and electricity grids amount-
ed to $218bn in China, $118bn in the US and $60bn in South Korea, with
