UN-convened Net-Zero Asset Owner Alliance with $6.6 trn in assets behind it, calls for a global carbon-pricing scheme. How long can Biden admin avoid making some constructive move on this? unepfi.org/wordpress/wp-c… https://t.co/u917HsSDDt
Investment industry has reached a climate “tipping point”: 128 firms with $43trn AUM (v. world total of $100 trn) now pledged to meet climate change goals. Huge surge from 30 firms with $9trn in Dec 2020. Will it be game-changer? ft.com/content/e94386… https://t.co/on4YqABYZg
“We spend all this time focusing on BP and Shell what about Saudi Aramco?” Publicly listed energy majors account for 12% of oil & gas reserves & 15% of production. In fact, National oil companies dominate the sector. They resist decarbonization pressure. ft.com/content/4dee70… https://t.co/fjpjIaVAE7
RT @jfkirkegaard: @adam_tooze @reutersPhilB Nope – no real alternative…. only the possible EU acceptance of other countries' (read US) al…
This by @donal888 on Dutch company ASML's amazing EUV lithography system, and its geopolitical implications is really worth your time. Staggering stuff. Not sure about “most complicated machine” bit. How about the big colliders? nytimes.com/2021/07/04/tec… https://t.co/4bXUbDbDvo
Endgame? "while the listed oil majors are announcing net zero plans and a downsizing of their traditional businesses, some state-owned companies and producer economies, such as Saudi Arabia, are openly discussing plans to raise production." ft.com/content/4dee70… https://t.co/ggHmK5u0YW
Useful review of the range of opposition that EU’s carbon border adjustment proposal is likely to run into over coming months. With ETS prices heading towards 58euro/ton is there any alternative? @reutersPhilB reuters.com/business/susta… https://t.co/dqSN7KM5id
"An Indian government official said China’s approach was to rebuild Afghanistan’s shattered infrastructure in co-operation with Taliban by channelling funds through Pakistan, one of Beijing’s firmest allies in the region.” What could possibly go wrong? ft.com/content/49d266… https://t.co/qPS6CCpkdL
"The U.S. left Bagram Airfield after nearly 20 years by shutting off the electricity and slipping away in the night without notifying the base’s new Afghan commander, who discovered the Americans’ departure more than two hours after they left.” Insane! apnews.com/article/bagram… https://t.co/zbGNQYqFOQ
"One company’s transition away from fossil fuels is another’s opportunity to double down.” Who is buying the upstream carbon-heavy assets which the oil majors are disposing of? Great question this from @AnjliRaval ft.com/content/4dee70… https://t.co/ZycjdoRJWk
Important new paper by @SDullien @KatjaRietzler lays out options for constructive German fiscal policy short of highly unlikely change to constitutional debt brake. @AndrewWattEU translates and summarizes key points. twitter.com/AndrewWattEU/s…
"Brent oil rose above $77 for 1st time since 2018 on OPEC impasse. Biden wants Americans to have access to affordable and reliable energy, including at the pump, WH officials said. Vital” that energy supplies keep up with Econ recovery. CLIMATE? CLIMATE? bloomberg.com/news/articles/… https://t.co/NzvpUHNxsN
RT @3eintelligence: Important new paper @SDullien @KatjaRietzler on Germany's debt brake with good threat comments on this paper by @Andrew…
Cutting forests to produce wood pellets which count as a green energy source makes up an uncomfortably large part of EU’s prospective energy mix by 2050! ft.com/content/e3e378… https://t.co/AZcf46QFrF
"We are not a party to OPEC+ talks, but admin have been engaged with relevant capitals to urge a compromise solution that will allow proposed production increases to move forward.” Yup! “climate-is-everywhere”-Biden admin is calling for oil prod increase! reuters.com/business/energ… https://t.co/Pl2wetX5Yi
"basic framework, laid out in the EU treaty, limiting debt to 60 % GDP and budget deficits to 3 %, cannot be changed, it argues.” Important and alarming this from last week on center-right EPP group on fiscal rules. ft.com/content/e3e378… https://t.co/iyfc2taFFt
"Last week, Biden admin said it was concerned by extent of rise in oil prices in recent months = signal to allies in Gulf Saudi and UAE that USA would like to see higher output to cool the rally.” Now it is looking for “compromise”! Climate? Everywhere? ft.com/content/c9746f… https://t.co/GDJMljCvtx
Ive seen the 1st picture in this sequence before … NOT the third! twitter.com/clark_aviation…
I tweeted out this piece by @bhgreeley because I really like its critique of fiat money = state magic wand view. Actually money not just state but multipolar/public/private. Based on balance sheets and complex and durable practices of calculation/evaluation. Makes sense to me. twitter.com/adam_tooze/sta…
RT @lucasguttenberg: CDU and CSU are about to publish their election manifesto. On EU economic governance/fiscal policy, it is in perfect c…
RT @whanbam1: Job in political economy. Come and work with me and great team!!! Lecturer in Global Political Economy at University of Leeds…
RT @daniel_dsj2110: Awesome roundtable devoted to Duncan Kelly’s, “Politics and the Anthropocene” with comments by Isabel Gabel, @triofranc…
RT @LSEReviewBooks: 'Africa's Last Colonial Currency provides a political, diplomatic and technical history of the development of the CFA s…
RT @njtmulder: Had a little anthropocenic Sebald moment on this beautiful weekend staring at some eight-decade-old Atlantikwall bunkers, sl…
Anyone who imagines that aristocratic-military families no longer exist in modern Germany should check out Ruprecht von Butler’s geneaolgy! twitter.com/Deutsches_Heer…
RT @gschwandtner_m: @policytensor @adam_tooze This sounds great! I'd love to read some more from you on Werner.
In Iraq blows to Iran’s influence -> nationalist Shia Sadrists dominate with influence over oil ministry and key fiscal posts. Central bank may be in play. questions from Reuters. reuters.com/investigates/s… https://t.co/AbUV7Emlxa
Political movement of nationalist Shi’ite cleric Muqtada al-Sadr has quietly come to dominate apparatus of Iraqi state. Sadrists & allies have recently taken senior posts in Ministries accounting for 1/3-1/2 of Iraq’s $90 billion draft budget for 2021. reuters.com/investigates/s… https://t.co/fHuxmSpAgt
“We will not leave any opportunity unturned. We are continuing exploration programmes, identifying proven reserves, increasing production.” UAE shifts from strategy of long-term supply management to maximizing production ahead of peak in oil demand. ft.com/content/6f0580… https://t.co/7eHHWCitzn
Why the Allies Won. Some thoughts on the politics of counterfactual reasoning about World War II. Chartbook Newsletter #25 adamtooze.substack.com/p/chartbook-ne… https://t.co/OAkN9Dm4Sp
Closure of Bagram air base officially announced on Friday. The Afghan military is set to take over, the vast US base that was once the centre of nationwide command and a sprawling symbol of the country’s “forever war”. ft.com/content/e08308… https://t.co/zHefcDfZs8
For investors in EM, playbook has been a familiar one for decades: when commodities prices go up, so do EM stocks and vice versa. But that relationship is breaking down. EM stocks are increasingly tech. Biden stimulus has offset weaker news from China. ft.com/content/d9f44a… https://t.co/7wsYseT7o6
Turkey’s Inflation has been stuck in double digits for most of the past four years and unemployment is about 14 %. And, yes, broader discontent with Erdogan’s economic stewardship is now eating into support for AKP. ft.com/content/440e29… https://t.co/NNu7kCwikf
"People make their own history, but … under circumstances existing already, given and transmitted from the past.” Those circs include antagonisms & strategies of rivals. Chartbook Newsletter #25 rethinks Wages of Destruction in relation to SU. adamtooze.substack.com/p/chartbook-ne… https://t.co/ecBYXTpjQR
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