Article about the Solyndra scandal and "green growth" in City AM

October 12, 2011 5:30 PM

I've written an article for City AM about the Solyndra scandal, mentioned before on this website, and the implications for draconian climate regulations. It looks at the price we're paying for these policies; the financial challenges they are facing; and the fact they don't deliver jobs.

I conclude the article arguing that:

"The particularly sad and venal story of that loan guarantee is just one example of how attempts to secure green growth so often end in disaster. The pattern is clear. Huge amounts of consumers’ and taxpayers’ money wasted; the promised boon to employment not living up to its billing; and a nasty aftertaste of cronyism."

In other news, reports from Australia suggest we might see yet another vindication of the Second Law of Climate Change Politics soon, which I coined in Let them eat carbon: Climate change regulation will tend to proceed by the least democratic route.  This video explains what has happened pretty simply:

[iframe http://www.youtube.com/embed/AJ845ot075E 500 284]I've written an article for City AM about the Solyndra scandal, mentioned before on this website, and the implications for draconian climate regulations. It looks at the price we're paying for these policies; the financial challenges they are facing; and the fact they don't deliver jobs.

I conclude the article arguing that:

"The particularly sad and venal story of that loan guarantee is just one example of how attempts to secure green growth so often end in disaster. The pattern is clear. Huge amounts of consumers’ and taxpayers’ money wasted; the promised boon to employment not living up to its billing; and a nasty aftertaste of cronyism."

In other news, reports from Australia suggest we might see yet another vindication of the Second Law of Climate Change Politics soon, which I coined in Let them eat carbon: Climate change regulation will tend to proceed by the least democratic route.  This video explains what has happened pretty simply:

[iframe http://www.youtube.com/embed/AJ845ot075E 500 284]

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