Re:Sri Lanka is having a textbook currency crisis, triggered...
by makomk on Wednesday July 13, 2022 @05:51AM
(#32080623)
Devemoped countries have underinvested in natural gas infrastructure compared to its importance in keeping their shiny new renewable-heavy grids actually operating though - and in particular ESG campaigners have been very successful at blocking investment in natural gas production in most of the Western democratic world. Which has just resulted in heavy dependencies on imports from unstable dictatorships since there's no real alternative to fossil fuels yet. I know the Guardian here in the UK has been pushing for a continued block on new natural gas production that they admit will only stop it being produced in stable democratic countries, even well after Russia's invasion of Ukraine demonstrated the actual consequences of this.
Re:Sri Lanka is having a textbook currency crisis, triggered...
by mannerheim on Wednesday July 13, 2022 @04:38AM
(#32080273)
Sri Lanka has an ESG score of 98.1 out of 100.
Re:Sri Lanka is having a textbook currency crisis, triggered...
by drited on Thursday July 14, 2022 @07:11AM
(#32094408)
Substituting electricity made at natural gas fuelled power stations for electricity made at coal fuelled power stations does however result in large carbon emission reductions and is seen as ESG (or was prior to Russia's invasion of Ukraine anyway)
I know it is tempting to pin this one on the environmentalists, but this is on the establishment. Starting with Schröder who realized he could find an easy way to keep German industry competitive and line his pockets and live a comfortable life forever.
This is similar to the Sri Lankan situation. It does not matter how you label it. The lack of fertilizer was clearly not voluntary.