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South Korea to Invest $38 Billion in Environmental Projects Posted by Andy Kondrat on January 6, 2009 at 9:24 pm

As I’m sure you’re well aware, not only the United States is suffering from an economic downturn (Iceland, for example, has basically gone belly-up). Now, a lot of people think that green jobs are the future of the economy, and though we may not have really done much on that front in the States yet, South Korea has decided that it’s through environmentalism that they’ll save their economy.

The Associated Press (via MSNBC) reports that South Korea is going to invest $38 billion over the next four years on environmental projects to help boost the flagging economy. From the article:

Energy conservation, recycling, carbon reduction, flood prevention, development around the country’s four main rivers and maintaining forest resources are among projects to be pursued under the plan, approved at a Cabinet meeting.

The goal is to create 960,000 new jobs over the course of the “Green New Deal,” 140,000 of which will be created this year. The Prime Minister of South Korea discussed the reasons behind this massive initiative.

‘We are in an unprecedented global economic crisis,’ Prime Minister Han Seung-soo said in a statement. ‘We must respond to the situation in an urgent manner.’

Green jobs are clutch for any national economy because they can’t be outsourced. If you want that sort of job security, takepart and visit Greenjobs and search for your renewable energy job.


CATEGORIES:  Environment


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Posted by Margaret on January 7, 2009 at 1:42 pm

Way to go South Korea!

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