There’s No Such Thing as ‘Green’ Industry

News this week emerged about the collapse of Swedish battery startup Northvolt. “Like many companies in the battery sector,” the failed company’s website explained, “Northvolt has experienced a series of compounding challenges in recent months that eroded its financial position.” European Governments, including those of Britain and the EU, have long claimed that as pioneers of green policy and the ‘transition to a low carbon economy’, their policies will cause domestic industries and the green economy to boom. But instead of the green dream turning into reality, across the continent there is only a bleak economic outlook and deindustrialisation. Given that so much of this was predicted, yet those predictions met with policymakers’ intransigence, isn’t it time to ask if this nightmare is a feature of green policy, not merely a bug?
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