{"id":1553663,"date":"2022-07-14T08:05:08","date_gmt":"2022-07-14T12:05:08","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1553663"},"modified":"2022-07-14T08:06:41","modified_gmt":"2022-07-14T12:06:41","slug":"sri-lanka-is-what-happens-when-countries-fail-to-realize-green-policies-dont-work","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sri-lanka-is-what-happens-when-countries-fail-to-realize-green-policies-dont-work\/","title":{"rendered":"Sri Lanka Is What Happens When Countries Fail To Realize Green Policies Don\u2019t Work"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsri-lanka-is-what-happens-when-countries-fail-to-realize-green-policies-dont-work%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1553663&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/07\/Screenshot-228-1024x576-1.png\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>Videos of Sri Lankans swimming in their president\u2019s pool and tens of thousands swarming his residence went viral over the weekend, but precious little news of the green policies that left the island nation in anarchy made headlines. <\/p>\n<p>After months of protests, the Sri Lankan people stormed the presidential suite and burned the prime minister\u2019s residence on Saturday after both leaders escaped. President Gotabaya Rajapaksa <a href=\"https:\/\/www.bbc.com\/news\/world-asia-62132271\" target=\"_blank\" rel=\"noreferrer noopener\">fled to the Maldives<\/a> on Wednesday after resigning, and the prime minister is promising his resignation as soon as a replacement appears. <\/p>\n<p>The fuel has run out in Sri Lanka, with tuk-tuk drivers being forced to <a href=\"https:\/\/www.bbc.com\/news\/world-asia-62077109\" target=\"_blank\" rel=\"noreferrer noopener\">wait for days<\/a> just to fill their eight-liter tanks. Power blackouts are a daily occurrence. The inflation rate in Sri Lanka reached a whopping <a href=\"https:\/\/www.forbes.com\/sites\/rufaskamau\/2022\/07\/11\/inflation-protests-span-sri-lanka-albania-argentina-panama-kenya-ghanahow-long-before-they-hit-the-united-states\/?sh=1e865cf574c2\" target=\"_blank\" rel=\"noreferrer noopener\">54.6 percent<\/a> in June, and the <a href=\"https:\/\/www.bbc.com\/news\/world-asia-62077109\" target=\"_blank\" rel=\"noreferrer noopener\">growing cost<\/a> of food, clothing, transportation, and electricity \u2014 some of which are three times the normal price \u2014 has tanked the value of the rupee. Being an island country, catching fresh fish instead of buying food would be a relief, but there\u2019s no diesel to go out to sea to fish for them. <\/p>\n<p>This crisis in Sri Lanka started in 2019. Run down by years of gross mismanagement over successive governments, Sri Lanka was saddled with mounting debt and inadequate production rates. Rajapaksa succeeded his brother in 2019, and his administration issued <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/how-sri-lanka-spiralled-into-crisis-2022-07-13\/\" target=\"_blank\" rel=\"noreferrer noopener\">deep tax cuts<\/a> which only made the situation worse. <\/p>\n<p>In 2020, the country was hit by Covid-19 and its debt grew to over <a href=\"https:\/\/www.statista.com\/statistics\/728528\/national-debt-of-sri-lanka-in-relation-to-gross-domestic-product-gdp\/\" target=\"_blank\" rel=\"noreferrer noopener\">101 percent in relation to its<\/a> GDP. The pandemic wiped out much of Sri Lanka\u2019s tourism industry, which constituted almost <a href=\"https:\/\/www.orfonline.org\/expert-speak\/how-tourism-in-sri-lanka-went-downhill\/#:~:text=Tourism%20in%20Sri%20Lanka%20accounts,the%20collapse%20of%20this%20industry.\" target=\"_blank\" rel=\"noreferrer noopener\">12 percent<\/a> of its GDP. Increasing energy prices in 2022 only further entrenched the nation in an economic crisis, and its national debt for 2022 is estimated to be nearly 109 percent in relation to its GDP.  <\/p>\n<p>The 2021 <a href=\"https:\/\/www.cbsl.gov.lk\/en\/measures-of-consumer-price-inflation\">inflation surge<\/a> that has grown into a full economic crisis is in no small part thanks to climate radicalism. Suckered by European Green Deal propaganda, the Sri Lankan government implemented a ban in April 2021 on the main thing propelling its agriculture-based economy: chemical fertilizer. On an island where <a href=\"https:\/\/michaelshellenberger.substack.com\/p\/green-dogma-behind-fall-of-sri-lanka\" target=\"_blank\" rel=\"noreferrer noopener\">15 million out of its 22 million<\/a> people rely on farming, over 90 percent of them had used chemical fertilizer prior to the ban, which went into effect immediately with no time for contingency planning. By the time the government realized its mistake, it was too late.<\/p>\n<p><a href=\"https:\/\/michaelshellenberger.substack.com\/p\/green-dogma-behind-fall-of-sri-lanka\" target=\"_blank\" rel=\"noreferrer noopener\">One-third<\/a> of the farmlands lay dormant in 2021, and 85 percent of farmers faced crop losses. Small farmers bore the brunt of the burden and reported a 50 to 60 percent decrease in yield. Carrot and tomato prices increased by five times their original price. Sri Lanka\u2019s rice production fell by 20 percent and prices jumped 50 percent in a span of six months. Formerly self-sufficient in rice, shortages forced Sri Lanka to import $450 million\u2019s worth of the grain. <\/p>\n<p>Worst yet, the fertilizer ban hit the tea industry, its second-highest export. Sri Lanka exported <a href=\"https:\/\/www.srilankabusiness.com\/blog\/top-export-from-sri-lanka.html\" target=\"_blank\" rel=\"noreferrer noopener\">$1.24 billion worth<\/a> of tea in 2019. These exports paid for <a href=\"https:\/\/michaelshellenberger.substack.com\/p\/green-dogma-behind-fall-of-sri-lanka\" target=\"_blank\" rel=\"noreferrer noopener\">71 percent<\/a> of the country\u2019s food imports up until 2021. After the April ban, the tea industry crashed, with production and exports down 18 percent from November 2021 to February 2022 for a 23-year low. <\/p>\n<p>Rajapaksa gave up his goal to be the first nation to fully embrace organic farming and <a href=\"https:\/\/www.reuters.com\/markets\/commodities\/sri-lanka-rows-back-organic-farming-goal-removes-ban-chemical-fertilisers-2021-11-24\/\" target=\"_blank\" rel=\"noreferrer noopener\">rescinded the ban<\/a> in November of 2021, but the damage was already done. Sri Lanka\u2019s <a href=\"https:\/\/michaelshellenberger.substack.com\/p\/green-dogma-behind-fall-of-sri-lanka\" target=\"_blank\" rel=\"noreferrer noopener\">stellar ESG score<\/a> (a United Nations metric of investments made following supposedly better environmental, social, and governance standards) isn\u2019t doing its people much good. <\/p>\n<p>Even the European Union, which promoted these green policies, is noticing the Green Deal isn\u2019t a good one. Earlier this month, after solar- and wind-derived energy failed to keep Europe\u2019s gas prices down, the EU voted to <a href=\"http:\/\/washingtonpost.com\/world\/2022\/07\/06\/eu-parliament-nuclear-gas-green\/\" target=\"_blank\" rel=\"noreferrer noopener\">include some nuclear and natural gas power<\/a> under the label of \u201cgreen energy.\u201d <\/p>\n<hr class=\"wp-block-separator\" \/>\n<p>\n  Beth Whitehead is an intern at The Federalist and a journalism major at Patrick Henry College where she fondly excuses the excess amount of coffee she drinks as an occupational hazard.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Videos of Sri Lankans swimming in their president\u2019s pool and tens of thousands swarming his residence went viral over the weekend, but precious little news of the green policies that<\/p>\n","protected":false},"author":845,"featured_media":1897753,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1553663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/thefederalist.com\/2022\/07\/14\/sri-lanka-is-what-happens-when-countries-fail-to-realize-green-policies-dont-work\/?utm_source=rss&utm_medium=rss&utm_campaign=sri-lanka-is-what-happens-when-countries-fail-to-realize-green-policies-dont-work","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1553663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/845"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1553663"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1553663\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1897753"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1553663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1553663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1553663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}