Get the Facts Straight, CNBC, Climate Change Is Not Harming Cambodia’s Crops
By H. Sterling Burnett -December 29, 20220
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A story published by CNBC claims climate change is damaging Cambodia’s crops by making it hard for Cambodian farmers and fishers to pay back loans they’ve taken out against their assets due to climate change. This is false. Some Cambodian farmers and fishers may be finding it difficult to pay back loans they have taken out to finance production. This is problem for many farmers the world over. However, production of Cambodia’s major crops have increased significantly during the recent period of climate change. As a result, agriculturalists’ financial difficulties are due to factors other than climate change hampering crop production, because it is not.
Jenni Read, the author of the CNBC story, titled “Hit by climate change, farmers in Cambodia are risking everything on microfinance loans,” claims:
Crop failures due to erratic weather and wildfires are leading farmers to take out loans to survive, with their land.
…
The “microfinance” industry — long touted as a way to help poor, rural communities in developing countries — is pushing tens of thousands of farming families into debt traps as they attempt to adapt to a changing climate, according to a report.
Read cites a study produced with funding from the NGO, UK Research and Innovation’s Global Challenges Research Fund, as the basis of her report.
https://climaterealism.com/2022/12/get-the-facts-straight-cnbc-climate-change-is-not-harming-cambodias-crops/
