cross-posted from: https://exploding-heads.com/post/722501

In Europe, the greenlash wave is taking the form of a rise to power of conservative parties, to replace liberal governments that focused on the transition. Sweden was the latest example. Before it, conservatives took power in Italy. In the Netherlands, the farmer’s party that emerged in response to the former government’s plan to essentially decimate the country’s farming industry won strong support in local elections.

In Germany, meanwhile, the Green Party, which is part of the ruling coalition and, naturally, the strongest advocate for the transition, is falling out of favor with voters fast, while the conservative Alternative for Germany is gaining popularity.

In the U.S., the trend that media have called a “greenlash” has mostly taken the form of conservative state governments challenging the legitimacy of ESG investment requirements.