Davos 2013: Global Leaders to Beat the Odds at WEF

The western countries have a low carbon emission rate and this is because of the recessions they had. The recession might have lowered the amount of greenhouse gases, but it has also increased the lack of funds to develop their nation into a leader of the green world.

This kind of economic breakdown has made ‘The Green Growth Action Alliance’ to think about the measures to improvise other sectors industry, transport and buildings in the affected countries.

Former Mexican President, Felipe Calderon and other members of the Alliance also wrote that shaping a global economy fit for the 21^st century will be the greatest challenge in this meeting.

According to The Director of Climate Change Initiatives, Mr. Thomas Kerr, greening the economy is the only way to accommodate the rising population in the world. Estimated calculation says the world population will increase by 2 billion by 2050.

Kerr also said, "Governments need to target public finance to attract private capital to green investment through measures such as guarantees, insurance products and incentives, combined with the right policy support."

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