Global Marshall Plan

The trick will be to get leaders to buy in and to show that such a plan will help leaders get re-elected. If the process can move forward without what's viewed as "economic pain", then momentum will carry the globe towards a green revolution. I'm pretty sure the benefits outweigh the costs associated with initiating a global plan to clean up industry. A lean and mean business operation is proven to be more profitable, and the innovations in the green sector will create hundreds of thousands of jobs - new technology = new jobs.

Gore calls for ‘global Marshall plan’

By Daniel Pimlott in New York

Published: September 26 2007 19:37 | Last updated: September 26 2007 19:37

Al Gore, the former US vice-president, on Wednesday called for a “Marshall plan” to make job creation and measures to address climate change compatible and urged President George W. Bush to commit to mandatory cuts in carbon dioxide emissions.

“This is an emergency,” Mr Gore told the opening session of the Clinton Global Initiative. “I think that the key to fighting global poverty is to have the wealthy nations and the developing nations join together to reduce global warming … I think what we need is a global Marshall plan to make the creation of jobs around the reduction of carbon the central principle for how we develop this.”

Mr Gore said Mr Bush should follow the example of former US president Ronald Reagan, who after an initial delay responded to the 1985 discovery of a hole in the ozone layer by supporting a marked reduction in chlorofluorocarbons, or CFCs.

“We have to have a binding reduction on carbon,’’ he said.

Robert Zoellick, the head of the World Bank, sounded a sceptical note on the developing world’s ability and desire to reduce carbon emissions, however. Poorer countries are worried aid is going to be “hijacked” by the climate change agenda, Mr Zoellick said.

Countries such as China and India threaten to become the world’s top producers of carbon dioxide, as they ramp up energy use to feed rampant economic growth. The rapid development of poorer countries is considered by many scientists and economists to be one of the chief challenges in tackling climate change.

“There is some sensitivity in the developing world that resources that can be channelled to climate change will come at the expense of other development needs,” Mr Zoellick said. “It needn’t be that way, it shouldn’t be that way… but it is the responsibility of the developed world to reassure the developing world that it doesn’t come at their expense and instead can come in support of their aims of overcoming poverty.”

“Every place I went, people are very worried that developed countries are going to hijack spending,” he added. “We have to explain how it fits their energy and growth needs.”

Mr Zoellick said the bank could assist developing countries combat climate change through advice in taking part in carbon-trading markets, assisting in accessing technological advances and innovations, but “always putting the focus on development”.

The World Bank estimates that 1.6bn people around the world do not have access to electricity. The developing world currently has a funding gap of around half of the $160bn investment needed annually to fulfil growing demand for electricity, the bank says.

Bill Clinton, the former US president whose organisation is hosting the philanthropic forum for world leaders and top businesses, also called on the World Bank to promote ways of dealing with climate change to the governments it deals with. He argued that the organisation needed to persuade developing countries that they could grow in ways that would alleviate damage to the environment and benefit economic growth.

“We don’t have a right to ask anybody in the world to stay poor, but if you can show them that they can get rich quicker … by pursuing a cleaner energy path… that would be a valuable role for the World Bank,” he said. “People can’t seize options they are not aware of.”