Easy to trade with other people's money

The words green investment are the equivalent of the muleta (the red cloth used by a bullfighter), the audience is as captivated by the muleta as by the words green investment. The audience in this case are the type of people who completely stop listening after the words green investment are uttered and are immediately willing to spend both their own and, unfortunately, other people's money.

As a taxpayer in Sweden, my only tool to influence how tax money is spent is my vote. All I can do is vote for the party that I hope will make the best decisions for the Kingdom of Sweden and not for their political party.

As a private person, I can refrain from investing in funds that place my money in startups or green ventures if that is my wish. For example, when the world's most perfect teenager was baptized, he received shares in a green investment fund, which we sold and redeployed far too late.

Even as a pension saver, you must be familiar with and follow up on what the various trustees invest your money in. One of the companies that manages many Swedes' pension money is AMF. AMF is 50% owned by the Swedish Business Association and 50% by a trade union called Landsorganisationen (LO). AMF, like the Swedish government, has invested heavily in Northvolt, whose future is currently highly uncertain.

After the announcement that Northvolt will not proceed with its factory in Borlange, AMF regrets the decision but says that the most important thing is that the battery company survives and becomes profitable.

These green investment funds will continue to be burdened rather than benefited for many years to come.