Margaret Thatcher's former chancellor knows a thing or two about financial bubbles -- after all, he helped create one in the late eighties that, when it finally burst, gave the UK several years of deep recession in the early nineties. Now he's identified another bubble, a green bubble, and in the latest Time magazine he argues that it too is about to burst.
The twin elements of a bubble are euphoria and roguery, with the proportions varying from case to case. The coming green bubble, which is already attracting large amounts of venture capital and government money, displays both.
Read on here: What's Green & Goes Pop? - Nigel Lawson, TIME