The question of how to drive the energy transition exposes questions about how to govern economies and what makes them tick. Chartbook #31 on fundamental differences emerging btw Europe and the US. adamtooze.substack.com/p/adam-tooze-c… https://t.co/chCVlu5GFT
Why has America, whose economists invented the idea, soured on carbon pricing and what are the implications for trans-Atlantic relations? Chartbook #31 digs deep. Sign up here: adamtooze.substack.com/p/adam-tooze-c… https://t.co/pFA9QSnt2I
RT @70sBachchan: 48/ "Together, Europe & the US inaugurated the mass manufacture of cars in the early 20th century. They should now work to…
@DuncanWeldon Isnt this the Nick Crafts view as well? Isnt it quite compelling especially in combination with Broadberry’s data on the 1950s and 1960s.
RT @cobbo3: Tanzania maize exports to Kenya surge more than sixfold on the back of President Samia Suluhu’s May visit to Kenya that saw Da…
RT @dcullenward: @NB_pik @theresphysics @adam_tooze @ForeignPolicy @ZetkinCo The book is motivated entirely by the gap between pledges, act…
RT @drvolts: A feast of climate policy talk today from @adam_tooze. First up is this piece in Foreign Policy about the increasing EU appeti…
RT @NeilWarner_: A very gruesome kind of urbanisation. Staggering figures from this @adam_tooze piece on how the war in the 1980s, and the…
Did Truman understand that Hiroshima was a city? Horrifying questions from @wellerstein twitter.com/wellerstein/st…
The world economy at the end of the short 20th century: The number of employees in the world’s largest 100 companies by turnover 1990. European Commission 1991. https://t.co/0ZpAPLQ8ax
"heteromorphic formation” Janos Kornai on “third way” market socialism. https://t.co/HG9EA1V107
"A large part of the jobs can be saved”. VW boss Diess tries to talk down anxieties about the shift to e-mobility. twitter.com/egghat/status/…
RT @vsualst: Nice to know that the famously imprudent (sarcasm font) Dutch are worried, but you’ll have to hold our Heinekens. Here’s the…
RT @JoeriRogelj: Look out for Monday: 3 years of work by an amazing author team finally concludes. The Intergovernmental Panel on Climate…
RT @LostArchitectre: "Moskva" Swimming Pool. Built in place of demolished church of Christ the Savior in 1960, demolished in 1994, replaced…
At stake in trans-Atlantic carbon border adjustment fracas is far more than just technicalities of carbon pricing. Long Read for @ForeignPolicy And Chartbook #31 on larger stakes i.e neoliberalism & how to understand what governs our “mode of production”. adamtooze.substack.com/p/adam-tooze-c… https://t.co/3wywsFWRks
Things looking grim on the COP26 front in the UK! twitter.com/James_BG/statu…
"Removing the tax break on mortgage interest payments is one of the conditions Brussels has sought from the Netherlands in return for its share of the €800bn EU recovery fund.” Wow! Really? Talk about micromanagement. @MAmdorsky ft.com/content/04dc1e… https://t.co/vEewkFa8js
Decarbonization is costly @TheEconomist says but then spells out that "making cement with a third less carbon adds some 15% to the cost”. If that can be generalized it is HUGE & not actually very expensive at all. economist.com/business/2021/… Can it be true? carbonbrief.org/qa-why-cement-… https://t.co/kDJx010zVV
RT @cdaffara: If you have any interest in understanding the complexities of political economics, Adam's Chartbooks are exceptional. Making…
Starting with @ForeignPolicy Long read Chartbook #31 is deep dive into carbon political economy. Picking up @dcullenward and Victor. Throwing a line across chasm to Malm & @ZetkinCo & tracing both back to 1970s/80s capitalism debates. Its not all CBAM 😉 adamtooze.substack.com/p/adam-tooze-c… https://t.co/e2Yx2YoK1B
"The Dutch property market has become a burning political issue. Prices of existing homes in the Netherlands rose 14.6 per cent in the year to June, the highest rate for two decades — and one of the highest in the EU.” @MAmdorsky ft.com/content/04dc1e… https://t.co/rbE38OmRgp
RT @161arti: super spannend um das linke argument *gegen* co2-preise zu verstehen (die linke lehnt ab ich glaub inzwischen auch fff) https:…
Carbon markets, a mirage? Chartbook #31 just dropped: An appreciation of @dcullenward and Victor pairs with @ForeignPolicy long read on trans-Atlantic carbon diplomacy & musings about Sabel&Zeitlin, 1980s theory, White Skin, Black Fuel & Marxism Today. adamtooze.substack.com/p/adam-tooze-c… https://t.co/V7xIu5AhVy
By 2030 under EU proposals cbam-covered companies will receive 145m fewer tonnes of annual allowances = €12bn pa = 2% of the newly covered sectors’ sales. economist.com/business/2021/… In other words this is entirely blown out of proportion! As argued here: foreignpolicy.com/2021/08/06/cli… https://t.co/gejHvXiY7v
Move lower in Treasury yields has confounded policymakers & investors: Clarida, Fed vice-chair = “surprised” Chair Powell called out investors who had pointed to “technical factors, which is where you put things that you can’t quite explain” @colbyLsmith ft.com/content/4f2c0c… https://t.co/VigCU4bzo4
“Document No. 15” circulating among Chinese banks in early July caused unease. It said that banks should stop lending to local-government financing vehicles with debts of $7.5trn of which 1/4 is bonds. Then the directive vanished! Too much risk in system economist.com/finance-and-ec… https://t.co/t44TiaomZx
In March on back of expectations of rapid recovery & inflation, yield on US 10-year Treasuries surged to 1.8%. Then as bonds rallied surprisingly strongly, yield fell back to 1.13%. -> hedge funds betting on reflation trade have piled up large losses. ft.com/content/4f2c0c… https://t.co/63Q6vZdBRl
“Seeing that there is a lot of under-investment in [oil] supply it’s a great opportunity for us …. We are diligently working to increase capacity.” The response by Saudi Aramco to supposed oil endgame is to raise capacity from 12 to 13 m b/day. ft.com/content/54635a… https://t.co/N0Qyp644T4
China’s CNOC & France's Total are investing in Uganda’s last-ditch effort to become an oil exporter with a $3.5bn heated pipeline along lake Victoria and across Tanzania “Jewel in crown” or stranded asset in the making? @AndresSchipani ft.com/content/4a30d5… https://t.co/bB0uwILGiw
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