Climate change resulting in shift to “green” economies, says UN agency

More and more companies are embracing environmentally-friendly policies and investors are pumping hundreds of billions of dollars into cleaner and renewable energies, according to a new publication released today by the United Nations Environment Programme (UNEP).

While the impacts of climate change range from the melting of permafrost and glaciers to extreme weather events, UNEP’s Year Book 2008 shows that it is also causing a shift in the mind-sets, policies and actions of leaders of governments, companies and the UN itself.

"Increasingly, combating climate change is being perceived as an opportunity rather than a burden and a path to a new kind of prosperity as opposed to a brake on profits and employment." - Official report