Interesting that, chakka. The 'new' way is the only way I've ever learned and I remember it because green/yellow is the 'different' one (i.e. earth) and blue is the nearest colour to the neutral colour green (I think the acid/alkali scale has green as neutral). Therefore brown has to be live.
Re traffic lights - red is hot fire (danger), green is cool grass (safe).
Interesting that the 'official' colour of a first aid kit/paramedic is green, and an industrial 'safe place' sign is yellow.