[Biden’s Green new deal] Sri Lanka has an almost perfect ESG score of 98% - Kotaku In Action 2

[Biden’s Green new deal] Sri Lanka has an almost perfect ESG score of 98% (michaelshellenberger.substack.com)

posted 2 years ago by NotAGlowy 2 years ago by NotAGlowy +60 / -0

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– AntonioOfVenice 7 points 2 years ago +8 / -1

I think you underestimate how much damage these kind of policies can cause.

Not at all! I'm fully aware that they can completely wreck the country. Only thing I wonder about if it was indeed this that caused this country to be wrecked. It just sounds too good to be true.

Venezuela and Zimbabwe both went from prosperous net producing nations to shitholes in just over a decade.

Right, but that was not environmentalism.

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– ajfofjakf 7 points 2 years ago +7 / -0

But the biggest and main problem causing Sri Lanka’s fall was its ban on chemical fertilizers in April 2021. Over 90% of Sri Lanka’s farmers had used chemical fertilizers and, after the ban, 85% experienced crop losses. After the fertilizer ban, rice production fell 20% and prices skyrocketed 50 percent in just six months. Sri Lanka had to import $450 million worth of rice despite having been self-sufficient in the grain just months earlier. The price of carrots and tomatoes rose five-fold. Tea, the nation’s main export, also suffered, thereby undermining the nation’s foreign currency and ability to purchase products from abroad.

Links included in the above text

https://www.economist.com/asia/2021/10/16/a-rush-to-farm-organically-has-plunged-sri-lankas-economy-into-crisis

https://economynext.com/sri-lanka-seeks-rice-bailout-from-china-after-fertilizer-ban-89819/

https://www.nytimes.com/2021/12/07/world/asia/sri-lanka-organic-farming-fertilizer.html

Even the NYT calls environmentalism bullshit bullshit "Then came Sri Lanka’s sudden, and disastrous, turn toward organic farming"

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