JOEL KOTKIN: Green Dreams, Inflationary Realities. “The biggest losers from greenflation are predominately the largely powerless working class and the denizens of developing countries. But even energy rich and historically prosperous countries like Australia face severe price hikes and shortages, as do Canada and the US. Economies have been severely impacted, particularly the agriculture and manufacturing sectors. In the developing world, where environmentalists have been working to block fossil fuel plants for years, over 3.5 billion lack reliable access to electricity. Greenflation has incited a new wave of political instability, as seen most recently in the meltdown of Sri Lanka.”