A new UN report conducted by the Department of Economic and Social Affairs has called for investments of US$1.9 trillion annually over the next 40 years in green technologies in order to create a “fundamental technological overhaul of production processes worldwide” and avoid “a major planetary collapse.”
The World Economic and Social Survey 2011: The Great Green Technological Transformation argued that the current economic growth pathways were unsustainable and thus new investments in the “green economy” were needed to “ensure environmental sustainability and reverse ecological destruction.”
At least US$1.1 trillion of the US$1.9 trillion suggested by the report will be needed in developing countries so as to meet increasing food and energy demands.
Clean energy technologies, sustainable farming and forestry techniques, climate proofing of infrastructure, and technologies reducing non-biological degradable waste production, are just some of the areas whereby investment was needed in the developing countries.
The report has been seen as a pre-cursor to the upcoming UN Conference on Sustainable Development, known as the Rio+20 Conference that will take place on June 2012 in Rio de Janeiro.
For the required technological revolution to be successful, the report finds that it must occur within a limited timeframe — sooner rather than later — because of growing ecological pressures.”
According to the lead author of the report, Rob Vos, “Business as usual is not an option.”
Read the full report at UN.org