Abstract
The environmental management practices are directed towards the welfare of the
community, and economy as a whole. The major problem affecting the development
of environmental framework in various countries is the lack of knowledge
support, and monetary funding. To support the environmental sustainability,
governments of various countries are funding environmental projects and green
ventures. The funding is made available through government bodies such as
central government, regional government, local government, government offices,
and regional local development agencies. Government funding for environmental
management practices are usually allotted as a percentage of the ' economic
stimulus package' , which is a bail out money allotted by the government to
boost the economic growth of the country. The stimulus package consists of the
government funding for various economic and social activities, and includes
tax rebates.
The focused areas for funding are energy efficient infrastructure; usage
expansion of renewable source of energy; reduction in green house gases and
carbon emissions; development of low carbon vehicles, clean technologies, and
green infrastructure for waterways, roadways, and railways; and conservation
of water resources.
Developing nations are demanding the OECD (Organization of Economic
Co-operation and Development) countries to contribute towards the global green
funding at the rate of 1 percent of gross domestic product (GDP). Countries in
Middle East and Africa are also focusing towards the maintenance of the
environment by initiating various programs, and providing incentives and
grants to individuals and organizations. However, these countries have not
allotted any specific percentage of fund (from the country' s economic stimulus
package) towards the green fund.
The analysis of the 16 economic stimulus packages has been considered in this
report by taking into account the largest government spenders from the APAC,
Europe, and Americas. The countries include China, Japan, Australia, India,
Thailand, and South Korea in the APAC region; Germany, France, Italy, Spain,
United Kingdom, and other EU states in the Europe region; and United States
(AARA, and EESA), Canada, and Chile in Americas.
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