How green is your stimulus package?
THIS week HSBC, a big bank, published a report ranking 17 countries by the green elements of their economic-stimulus packages. South Korea is apparently allocating a whopping 81% of its fiscal stimulus to greenery and China is setting aside 34% for eco-friendly projects. By contrast, India is investing nothing of its $13.7 billion stimulus plan for green ventures. Italy and Japan are the least green of the rich G7 countries, allocating just 1.3% and 2.6% respectively.