Green growth should not result in slow growth cautions economic surveyBy ANI
Friday, February 25, 2011
NEW DELHI - In The Economic Survey tabled him in Lok Sabha today, by Finance Minister Pranab Mukherjee cautions that “green growth should not result in slow growth.”
The Survey observes that proper balance of the climate and growth will be a challenge for the Government.
According to the survey, careful planning and customized policies are needed to ensure that the green growth strategies do not result into a slow growth strategy.
The Survey also says that Climate Change is a complex policy issue with major implications in terms of finances for addressing mitigation of Global Greenhouse Gas emissions on the one hand and coping with the adverse impacts of climate change on the community and population, ecosystem, economy and livelihood on the other.
The Survey states, that all actions to address climate change ultimately involve costs. Financial ways and means must be found to enable developing countries to enhance their efforts to address climate change, especially enhancing their adaptive capacity.
Thus climate change is both an environmental issue and an economic costs and development issue. (ANI)