Well said... www.nytimes.com/2026/02/04/o...
"Although they represented only around 9% of the total labour force in 2022, foreign workers have accounted for half of its growth over the past three years". Without them, euro area economic output would have been lower. www.ecb.europa.eu/press/key/da...
The Sun Has Its Moment www.newyorker.com/news/annals-...
The latest version of the Senate's BBB is a death sentence for US energy leadership and a giant gift to China.
It eliminates tax cuts for solar that have been around since 2005, adds a new tax on solar after 2027, and creates a new direct subsidy for coal.
Two new studies show the world is nearing β or may have already eclipsed β the Paris Agreement's 1.5Β°C aspirational target, relative to the pre-industrial era.
"Accelerating decarbonization is the only structural way to reduce the EU's energy costs and increase energy security"
www.politico.eu/article/eu-g...
Record financing for
β’ climate action and environmental sustainability,
β’ energy,
β’ equity and quasi-equity investment supporting Europe's most promising pioneers,
β’ and cohesion regions.
These are annual results of the European Investment Bank Group presented today:
www.eib.org/en/press/spe...
Perhaps "transition" is not really the right word when we talk about energy. Not just yet at least. open.substack.com/pub/adamtooz...
"While resentment can put bad people in power, in the long run it canβt keep them there. At some point the public will realize that most politicians railing against elites actually are elites in every sense that matters and start to hold them accountable"
www.nytimes.com/2024/12/09/o...
The EIB is financing a Danish innovator developing a proprietary technology platform to combat infectious diseases by precision killing of multi drug resistant bacteria. #AMR
www.eib.org/en/press/all...
Our carbon budget is finite and rapidly dwindling. The only reason that fossil fuels still hang around is that we allow their producers to use this finite resource for free. www.eib.org/en/stories/w...
For example, scenarios currently used by central banks and supervisors do *not* account for the risks stemming from sea level rise and ocean acidification (see page 125 of the technical documentation below) www.ngfs.net/sites/defaul...
Also on the same subject, this report on how economic models predict only a benign level of economic losses at catastrophic levels of global warming was an eye-opener www.finance-watch.org/wp-content/u...
On the same subject this report shows how many pension funds use investment models that predict global warming of 2 to 4.3Β°C will have only a minimal impact on member portfolios, relying on flawed economic assumptions that damages from climate change will be minimal carbontracker.org/reports/load...
This post by @andrewdessler.bsky.social on why climate economics has let us down is well worth a read www.theclimatebrink.com/p/climate-ec...