UNEP calls for end to barriers on fast-growing green economy

A global ”green economy” is now emerging but governments must move fast to scrap the many barriers and fossil-fuel subsidies that hamper it, the UN Environment Programme (UNEP) said. Presenting an annual report, Year Book 2008, the Nairobi-based agency said investment in environmentally-friendly projects was rising fast and more and more corporations were driving to save energy, thus helping to combat carbon emissions. Power companies in North America, international car manufacturers, metals and mining companies are praised for making inroads into their greenhouse-gas pollution. But oil, gas and chemicals are among the industries doing little or nothing to cut their contribution to the greenhouse-gas problem, the agency said, presenting the report at a conference in Monaco gathering environment ministers and the UNEP governing council. http://tinyurl.com/38nqx3