Will the Recession Kill Green Business?
Tom-Blog
We are arguably in the midst of the biggest boom the green-business movement has ever seen, with all those who have been paving the way for more than two decades saying that we are truly at the turning point. So what will happen now that we are mired the worst economic downturn since the Great Depression?
The recycling industry has already been hit hard. With low gas prices, the cost of plastic has taken a nose dive, and manufacturers are not ordering recycled plastic at the record levels they were a few months ago when prices at the pump hovered around $4. Also, and perhaps most importantly, consumers are steering clear of anything with premium prices (almost the exact definition of most green products).