WHAT IS GREEN PRIVATIZATION?
WHAT IS GREEN PRIVATIZATION? Green privatization is a specialized form of privatization in which the government transfers the ownership, management, or development of natural resources and environmental assets to the private sector with the goal of achieving environmental sustainability. To put it simply, it is an attempt to save the environment using private capital. Why is this becoming popular? The answer is obvious. Environmental protection is expensive. Reforestation, renewable energy projects, watershed rehabilitation, and waste management facilities require billions of pesos. Many governments, including ours, simply do not have enough money, or so it appears. The Philippines already has several examples of green privatization. The privatization of Metro Manila's water services through the concession agreements of Manila Water and Maynilad Water Services, Inc. is one example. The argument in favor of privatization was that private capital could reduce water losses, expand inf...