"NEW YORK -- Despite the worst U.S. recession in decades, sales of organic and sustainable products have continued to grow, experts say, with shoppers willing to spend a few more dollars in a bid to become more green.
U.S. supermarket sales of environmentally sustainable or "ethical" products -- from energy-efficient light bulbs to organic produce -- will rise about 8.7 percent in 2009 to nearly $38 billion, according to a recent study by Packaged Facts, a market research provider.
President Barack Obama's commitment to tackle climate change, a string of scandals over tainted food and effective marketing of sustainable products have helped convince more Americans, whose environmental credentials lag behind Europeans, to buy green."
Basil Katz reports for Reuters November 20, 2009.
"Shoppers Going Green Despite Struggling Economy"
Source: Reuters, 11/23/2009