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This is the plan for the mother of all booms in the 2020's, right @policytensor @JWMason1? Central Banks bankroll the green transition by providing a public back-stop.
https://policytensor.com/2019/06/24/financing-the-green-new-deal/ https://twitter.com/MacaesBruno/status/1350787048349851648
https://policytensor.com/2019/06/24/financing-the-green-new-deal/ https://twitter.com/MacaesBruno/status/1350787048349851648
Going green, contends Goldman, “has the potential to create a capex cycle on par with the emerging markets-driven cycle of the 2000s"
Bold call to proclaim start of a new commodities super-cycle. Roaring 20's, Green Boom here we go https://www.reuters.com/article/metals-supercycle-ahome/column-goldman-proclaims-the-dawn-of-a-new-commodity-supercycle-andy-home-idUKL8N2JF3R2 https://twitter.com/policytensor/status/1346493050822934529
Bold call to proclaim start of a new commodities super-cycle. Roaring 20's, Green Boom here we go https://www.reuters.com/article/metals-supercycle-ahome/column-goldman-proclaims-the-dawn-of-a-new-commodity-supercycle-andy-home-idUKL8N2JF3R2 https://twitter.com/policytensor/status/1346493050822934529
3/"after Covid-19 we know for sure that when the status quo is put seriously in question the actual motto of modern govt is: ‘whatever it takes’. And, faced with the scale and urgency of the climate crisis, we must demand a no-less-radical approach"
Thread https://twitter.com/70sBachchan/status/1152607620357853184
Thread https://twitter.com/70sBachchan/status/1152607620357853184
4/ Goldman can smell $$$ to be made adapting cities infrastructure for Climate. Upgrading sewers, airports, wastewater treatment plants; green buildings; seawalls. They call it the "largest infra buildout opportunity in history"... https://www.goldmansachs.com/insights/pages/gs-research/taking-the-heat/report.pdf
5/ Gavekal extract in 1st tweet is quite confused about interest rates & role of govt directed industrial policy to make an economy run hot. Nice @M_C_Klein piece 'Cutting Carbon Emissions Doesn’t Have to Hurt' on @JWMason1's paper. https://www.barrons.com/articles/cutting-carbon-emissions-doesnt-have-to-hurt-51601051401 https://twitter.com/70sBachchan/status/1243248130415566850
6/ Test for whether Central Banks & govts are walking the talk is whether they exert discipline on fossil assets & not just support for green assets. That & what gets into "sustainable taxonomy" (ala EU) is where the political economy bites. Thread on CB's https://twitter.com/70sBachchan/status/1252966711592194049
7/ Need Creative Destruction in 2020's Green Boom. In 2010s, every 3 days, worlds avg'ed adding ~1 GW of renewables but also ~2GW of coal & gas power ie 1 step forward & 2 steps back.
2020s must reverse that 1:2 ratio & actually shut fossil infra. Thread https://twitter.com/70sBachchan/status/1313544902370832385
2020s must reverse that 1:2 ratio & actually shut fossil infra. Thread https://twitter.com/70sBachchan/status/1313544902370832385
8"As Schumpeter famously argued,historically booms in capitalist economies aren't about faster growth across the board,but happen when new forms of production grow rapidly at the expense of old ones. No reason decarbonization should be different"- @jwmason1 https://twitter.com/adam_tooze/status/1347563712803123205
9/Green Boom & Roaring 20's must become a self-fulfilling prophecy. I tracked 2020 turning points in thread:
China commits to carbon neutrality
Coal plant retirements outpace additions for 1st time
Green electricity goes big
Bans on combustion engine cars https://twitter.com/70sBachchan/status/1339752079854866443
China commits to carbon neutrality
Coal plant retirements outpace additions for 1st time
Green electricity goes big
Bans on combustion engine cars https://twitter.com/70sBachchan/status/1339752079854866443
10/ Interesting thread from @jwmason1 on the macroeconomics of a Green Boom in 2020s. High investment in housing, energy, transportation etc has the potential to make decarbonization a solution to West's low growth & inequality impasse that breeds monsters https://twitter.com/JWMason1/status/1351539494437195776
