Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on reddit

CLEANTECH BUBBLE BURSTS

'Greenbucks' in the toilet as recession bites
Dateline: 12 January 2010

In a massive shakeout, green technology start-ups the world over have taken a major dive, as the harsh realities of dealing with global recession set in.

The scene is reminiscent of the ‘dotcom’ bust in 2000. After years of hype and exuberant investment in everything from nano solar to bio-diesel from bacteria, the turbines of hot air around alternative energy investment have slowed to a listless crawl.

One can almost hear the methane escaping from the bio-reactors; the occasional dripping from the silent ethanol refineries; the nano crystals slowly decaying in the abandoned labs.

As stocks plummet, venture capitalists commiserate with each other over an evening beer and wonder where the next big investment bubble will arise. With oil prices firmly below US$ 35 per barrel and coal seemingly in infinite supply, they share a rueful grin; how could they have believed those blue sky valuations for green innovations?

Economics always rule, and when jobs are paramount and staying in business critical, the environment and organic life-styles take a back seat. “Kyoto,” I hear you say, “isn’t that a style of Japanese cuisine? Like Sushi, if you can afford it.”

As for fossil fuels – they’re all the rage; they keep the wheels of industry turning. And everyone now knows that hybrid cars cost more to manufacture than the energy they save. What’s a little CO2 when you’re desperately trying to bring down the national debt and keep the unions happy?

Oh well, there’s always biotech. Regenerating amputated limbs and reversing ageing – now that’s worth investing in!

Links to related stories

Warning: Hazardous Thinking at Work

Despite appearances to the contrary, Futureworld cannot and does not predict the future. Our Mindbullets scenarios are fictitious and designed purely to explore possible futures, challenge and stimulate strategic thinking. Use these at your own risk. Any reference to actual people, entities or events is entirely allegorical. Copyright Futureworld International Limited. Reproduction or distribution permitted only with recognition of Copyright and the inclusion of this disclaimer. © Public domain image.

Like this article?

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on LinkedIn
Share on pinterest
Share on Pinterest

Read another Mindbullet

George Bush spreads new virus from his smartphone
Dateline: 1 January 2007
If you’ve just tried to call your husband and you get your mother’s mobile number, then you’ve been the victim of the latest smartphone spam-scam, and you know who to blame – President Bush! The ‘Shuffle’ virus has been traced to the president’s own smartphone, and has spread rapidly to all his closest contacts. It...

Sign up to receive news from the future