The focus of the green stimulus is on growth, jobs and tackling poverty. Also, the policy document says, the objective is to reduce carbon dependency and ecosystem degradation.
The present global financial crisis began in the developed countries, particularly in the United States and spilled over to most parts of the world encompassing the banking sector, securities and currency market, and institutional and individual investors.
From 2008, it has been the breaking news in the international media and also helped to bring down the Bush era in the US. This financial crisis is similar to that of the Great Depression in the 1929-30 and many researches show a strong conviction of the leaders of the Bretton Woods conference in 1944 that the World War II in one way or the other was the result of the Depression.
clipped from: deforestationwatch.org