It’s the colour of a public-private partnership that matters most

Never Mind The Quality, Feel The Width

A public-private partnership to run a prison is a definite no-no according to the Greens’ spokesman.

A public-private partnership to build a road is a definite no-no according to the Greens’ spokeswoman.

A public-private partnership to build a school is a definite no-no according to the Greens’ spokeswoman.

In fact, it seems that public-private partnerships are simply just plain bad news according to the Greens’ spokeswoman because “public-private partnerships tend to privatise profits, but socialise losses.”

However, colour the public-private partnership green and, suddenly, it is a wonderful idea. James Shaw said:

The recommendation [from the report Climate Finance Landscape for Aotearoa New Zealand] for a green investment fund had already been adopted, with $100m having been set aside as part of the coalition agreement. Treasury was currently working on a framework for the fund which it was hoped would incentivise co-investment with the private sector in green initiatives. End of quote.

So, let me get this straight, James.

Money has been set aside in a fund by the government (public) to enable private sector (private) co-investment (partnership) in green initiatives.

So, what else has the Green Oracle announced after consulting his buzzword phrase generator app? Quote:

Another recommendation was to push for a “structural realignment to climate objectives”.

This effectively means addressing government policies that continue support the high carbon economy.

Shaw said this was happening as part of the new Government’s Zero Carbon Act. End of quote.

Ah yes, the old “structural realignment to climate objectives”.  Google translate completely failed when attempting to turn that into comprehensible English and I am not fluent enough to decide whether Google’s Te Reo translation ‘te hanganga o te hanganga ki nga kaupapa o te taiao’ assists at all in the understanding of it.

There is a small clue in the next phrase: “addressing government policies that continue support the high carbon economy.”  Loosely translated, I think that means that all cars running on hydrocarbons will be banned sometime soon, but that is a small price to pay for us to be able to virtue signal to the world that we were the first country to pass a Zero Carbon Act.

However, back to the green public-private partnership:  This green public-private partnership will not privatise profits and socialise losses? Do we have your word on that James? A quiet word of advice, James: don’t mortgage your house to co-invest in this green public-private partnership; the track record is not good:

The complete list of faltering or bankrupt green-energy companies:

  1. Evergreen Solar have filed for bankruptcy ($25 million)
  2. SpectraWatt have filed for bankruptcy ($500,000)
  3. Solyndra have filed for bankruptcy ($535 million)
  4. Beacon Power have filed for bankruptcy ($43 million)
  5. Nevada Geothermal ($98.5 million)
  6. SunPower ($1.2 billion)
  7. First Solar ($1.46 billion)
  8. Babcock and Brown ($178 million)
  9. EnerDel’s subsidiary Ener1 have filed for bankruptcy ($118.5 million)
  10. Amonix ($5.9 million)
  11. Fisker Automotive ($529 million)
  12. Abound Solar have filed for bankruptcy ($400 million)
  13. A123 Systems have filed for bankruptcy ($279 million)
  14. Willard and Kelsey Solar Group have filed for bankruptcy ($700,981)
  15. Johnson Controls ($299 million)
  16. Brightsource ($1.6 billion)
  17. ECOtality ($126.2 million)
  18. Raser Technologies have filed for bankruptcy ($33 million)
  19. Energy Conversion Devices have filed for bankruptcy ($13.3 million)
  20. Mountain Plaza, Inc. have filed for bankruptcy ($2 million)
  21. Olsen’s Crop Service and Olsen’s Mills Acquisition Company have filed for bankruptcy ($10 million)
  22. Range Fuels have filed for bankruptcy ($80 million)
  23. Thompson River Power have filed for bankruptcy ($6.5 million)
  24. Stirling Energy Systems have filed for bankruptcy ($7 million)
  25. Azure Dynamics have filed for bankruptcy ($5.4 million)
  26. GreenVolts ($500,000)
  27. Vestas ($50 million)
  28. LG Chem’s subsidiary Compact Power ($151 million)
  29. Nordic Windpower have filed for bankruptcy ($16 million)
  30. Navistar ($39 million)
  31. Satcon have filed for bankruptcy ($3 million)
  32. Konarka Technologies Inc. have filed for bankruptcy ($20 million)
  33. Mascoma Corp. ($100 million)

And that list was compiled in 2012…

To paraphrase the 60s’ sitcom: ‘Never mind the economics, look at the colour.’


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WH is a pale, stale, male who does not believe all the doom and gloom climate nonsense so enjoys generating CO2 that the plants need to grow by driving his MG.

To read my previous articles click on my name in blue.

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