Yaroslav Romanchuk recently shared an in-depth analysis of the so-called “green” investments. Here’s a brief summary:
Over the past 20–25 years, under the banner of combating climate change, the world has embarked on a path of large-scale state intervention into the so-called “green economy.” Politicians, bureaucrats, central banks, supranational structures, and the media imposed an ideological dogma on states and societies: the future belongs solely to “green” technologies.
As a result, markets were distorted, and investments were driven not by the principles of efficiency but by preferences. This gave rise to corporations and projects deemed “too important to fail.” They were supported with subsidies, grants, government contracts, and privileged access to resources. Most of these initiatives survived only as long as taxpayer money kept flowing.
After a wave of loud promises came a wave of spectacular failures. One example is a battery factory in Arizona that never began operating despite receiving $850 million in support from the U.S. government. Similar stories are unfolding in many countries where the state became the main investor in “green” ideology instead of serving as an impartial referee for the free market.
Meanwhile, those who imposed this course bear no responsibility for the trillions lost. What society is left with are not market-driven innovations, but ideologically driven projects—paid for by ordinary citizens. Now, this same model is being proposed for Ukraine as part of its post-war modernization plans.
We must remain vigilant: behind the “green” label, there may be yet another scheme to redistribute other people’s money for the benefit of officials. In our case, there is a real risk that Ukrainian consumers will bear the cost—through higher tariffs, taxes, and inflation.
Free Nation insists: investments must be efficient, not ideological. The state should create the conditions for a free market, not play the role of a central planner. Ukraine must modernize through competition, innovation, and entrepreneurship—not by imitating global utopias.
The market is not the enemy. The real enemy is incompetent but overconfident interference in the economy under the guise of “saving humanity.”