Green Funding by Government & Green Initiatives of Companies

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.

This report discusses the government funding and the region-wise fund allocation for the green environment. It also talks about the green funds as a percentage of total stimulus package, and highlights the green initiatives taken by the companies in various industries.

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