×

Our award-winning reporting has moved

Context provides news and analysis on three of the world’s most critical issues:

climate change, the impact of technology on society, and inclusive economies.

FACTBOX-Green economy won't hit long-term growth-UNEP

by (c) Copyright Thomson Reuters 2011. Click For Restrictions. http://about.reuters.com/fulllegal.asp | Thomson Reuters Foundation
Monday, 21 February 2011 11:22 GMT

Feb 21 (Reuters) - The U.N. Environment Programme (UNEP) said on Monday that investments of 2 percent of world gross domestic product, or about ${esc.dollar}1.3 trillion a year, could bring a shift to a green economy and promote long-term growth.

It gave the following breakdown of the effects of allocating an additional 2 percent of GDP towards greening the economy, relative to 2 percent included in a "business as usual" (BAU) scenario.

The world economy would be 0.4 percent smaller in 2020 than BAU with big green investments, for instance, but rebound to be 15.7 percent bigger by 2050.

Here are the projected figures in the report. "Green" column shows the percentage difference of a green investment scenario relative to BAU, except renewable energy demand which is expressed in all columns as a percentage:

2011 2020 2030 2050

BAU green BAU green BAU green GDP (${esc.dollar}, real) 69,344 92,583 -0.4 119,307 2.7 172,049 15.7 GDP per capita 9,992 12,205 -0.4 14,577 2.4 19,476 13.9 Employment (millions) 3,187 3,722 -0.6 4,204 -1.5 4,836 0.6 Calories per capita 2,787 2,946 0.3 3,050 1.4 3,273 3.4 Forest land (bln hectares) 3.94 3.89 3.2 3.83 7.9 3.71 21.0 Water demand (cubic km/yr) 4,864 5,792 -7.2 6,784 -13.2 8,434 -21.6 Total landfill (bln tonnes 7.88 9.02 -15.1 10.23 -38.3 12.29 -87.2 Primary energy demand (mln tonnes oil equivalent/yr) 12,549 15,086 -9.1 17,755 -19.6 21,687 -39.8 Renewable energy share of primary demand (pct) 13 13 17 12 19 12 27

For Reuters latest environment blogs, click on: http://blogs.reuters.com/environment/ (Editing by Andrew Dobbie)

Our Standards: The Thomson Reuters Trust Principles.

-->