ENERGY
Pop goes the green economy bubble
- Published: 20 Jun 2012 at 00.00
- Newspaper section: News
The green bubble has burst, bad news for the 50,000 people descending on Rio de Janeiro this week for yet another United Nations conference, but much worse news for the entrepreneurs and workers displaced or still riding the rapidly failing green industry's economic slipstream.
Despite significant hype, green sources of energy like windmills have failed to get serious backing from investors, governments or consumers as a resurgent hydrocarbon industry gains supporters.
Greenness turned out to be like the dot-com fad, the technology prosperity and the housing financing, in that it has been unable to sustain its momentum and enthusiasm.
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