24 May '12, 11pm

The green economy success story is no fairytale

Imagine, if you will, a country going through financial turmoil. I know this may be difficult, but give it a try. Let's say this country we've conjured up is indeed a very troubled land, one whose economy has contracted 0.3 per cent over the first three months of this year, forcing its own national statistics body to downgrade its growth forecasts. Now let's pretend we are the Chancellor, or even the Business Secretary, of this bleak place, desperately casting around for a good news story to give our recovery plans some credence. And then we come across an industry that despite the all-pervading gloom has managed to grow almost five per cent in the past year and generated a not insignificant £122bn in economic activity. Well, we'd be hanging out the bunting, wouldn't we? Shouting from the rooftops and pouring investment into this lone green shoot of recovery, while attempt...

Full article: http://www.businessgreen.com/bg/opinion/2179729/green-eco...

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