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Daniel Lacalle
@dlacalle_IA
, 10 tweets, 5 min read Read on Twitter
Economic freedom is the only guarantee of environmental protection. #ClimateStrikes

(Yale & Columbia Environment Protection Index, Frasier Institute Economic Freedom Index)

Open Thread:
Interventionism and socialism have never protected the environment. They always subsidize the most polluting sectors and raise taxes on citizens with the excuse of the weather.

Heritage

#ClimateStrikes
The most polluting industries are state or semi-state owned or managing state resources in countries where economic openness and freedom is minimal. #ClimateStrikes

(Climate accountability report)
Anyone who thinks that interventionism will improve environmental quality has a problem with reality. China will install more additional carbon in 12 years than all US current capacity and 2x total EU capacity. Refining as well.
The biggest subsidies to pollution are, surprise, all in countries with low economic freedom, governments with maximum control of the economy and with state-owned companies.

IMF

#ClimateStrikes
The politicisation of climate action does not defend the environment, just whitewashes interventionism. Hence the silence with China or Iran. It is very easy to be an "activist" in open economies against listed companies that are the solution, not the problem.

#ClimateStrikes
Only Economic Freedom Will Save The Earth
heritage.org/environment/co…
Economic Freedom and Air Quality
fraserinstitute.org/sites/default/…
Economic Freedom and Environmental Quality, Richard L. Stroup.
dallasfed.org/~/media/docume…

#ClimateStrikes
Decarbonisation is unstoppable, but it would be even faster without the pitfalls of those who today present themselves as saviors of the Earth while in reality they just tax citizens to perpetuate polluting “national strategic champions”.
Technology and competition can achieve decarbonisation faster and more efficiently. But technology and competition reduce prices and curb government control, two things governments hate.
Believing that government intervention and socialism will improve the environment, incentivise technology change and innovation is more than wrong. It goes against their goals of control and inflation.

Only free markets give the solution to climate challenges

#ClimateStrikes
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More from @dlacalle_IA see all

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Daniel Lacalle
@dlacalle_IA
German consumers have not seen any benefit from lower wholesale power prices as renewable surcharges and higher taxes have offset all the benefits of higher competition.
The massive subsidies of the Energiewende green plan have not improved CO2 emissions (Germany will likely miss its own 2020 target) and cost up to €500 billion so far.

energsustainsoc.biomedcentral.com/articles/10.11…
A new "green energy plan" of €100 billion in the eurozone runs the risk of making the same mistakes of the Energiewende. Enormous cost for little results.

spiegel.de/international/…
Read 7 tweets
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Daniel Lacalle
@dlacalle_IA
The drone attack on Saudi Arabia has an important impact on the country's oil infrastructure, but we should not exaggerate its impact on world supply

Open thread #OOTT #SaudiArabia #DroneAttacks
1) Saudi Arabia is the OPEC country with the largest spare capacity. Although the drone attack impacts 5% of global supply, it also comes at a time when supply glut was evident, global inventories are large and substitution is relatively easy.
2) The IEA estimates the ‘call on OPEC’ at 28.3 mbd in 1H20. This is a downward revision of 0.2 mb/d compared to its previous forest and a substantial 1.4 mb/d below OPEC’s August output.
Read 9 tweets
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Daniel Lacalle
@dlacalle_IA
The ECB is creating a dangerous bubble and should not cut rates.

bbntimes.com/en/global-econ…

Open thread @threadreaderapp :
@threadreaderapp 1) Eurozone states are already financing themselves at negative rates. There is no need for lower rates and this disguises real risk.

This has saved governments more than 1 trillion euro in interest expenses (handelsblatt.com/today/finance/…)
@threadreaderapp 2) The ECB has not abandoned its stimulus. It repurchases all maturities, launched a liquidity injection (TLTRO) in March 2019 and balance sheet stands at almost 40% of eurozone GDP.
Read 11 tweets

Related threads

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Sam Hart
@hartng
Greetings all.

As some of you are aware, I am in Copenhagen, Denmark attending a 10-Day Summer School on Urban Resilience organised by BLOXHUB with support from UN Habitat & other partners. I had intended to share how I got here on arrival on Wednesday but jettisoned the plan.
However, this evening, as I was studying our class activity for tomorrow, I felt a nudging to share as my spirit told me that I would be encouraging someone who needs to read the story. If you're that someone tugging at my spirit, this is for you.

#Thread.
A little background. So Circa 2016, @chimeasonye was working with us in Abia State as Adviser to the Governor on SDGs. He came to me with the idea to put together a bid for Aba to be designated a Resilient City. Working with other colleagues, we worked on the application.
Read 25 tweets
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Advaid
@Advaidism
173 Indians were executed at Andaman's Cellular Jail & more than 3200 were incarcerated.

But only 3 prisoners in the entire history of Cellular jail wrote mercy petitions to the British : Savarkar brothers & Barin Ghose.

Let's see how history is being rewritten.

#THREAD
@saliltripathi This is Trailokyanath Chakravarty. (99% Indian dont know him today, he was incarcerated for 30.4 years by the British)

He was the leader of Anushilan Samiti and chief accused in the Barisal Conspiracy Case of 1913, and was sentenced by the British and transported to the Andaman
@saliltripathi Trilokya Nath in his Bengali book, Jele Tris Bachar (Thirty Years in Jail), published in 1938, wrote a betrayal story of Savarkar.

Savarkar instigated Trilokya & his friends to go on a hunger strike at Cellular Jail, which they did. But Savarkar himself did not join the strike.
Read 18 tweets
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varoooooon!
@varoun3883
Why is Auto Industry Bleeding currently?

#Thread (1/n)
1. Post GST truck & CV movements have improved by anywhere between 30-40% due to removal of hurdles at border checks.. this has improved existing vehicle utilization by 30%.

2. Govt has increased the allowable tonnage load by 25%

#Thread (2/n)
3. Both these factors have improved commercial vehicles utilization by almost 50-60%.

4. This means for existing fleet to reach optimal utilization, it needs 50-60% more load than earlier before new vehicles can be planned.

#Thread (3/n)
Read 11 tweets
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Avon Healthcare
@AVONHMO
For nursing mothers who work, exclusive breastfeeding can be difficult. This is why pumping &storing breast milk for use at a later time is a good idea.

However, there are dos & don'ts for breast milk storage so please read this #thread to find out.
#WorldBreastfeedingWeek #WBW
1. What kind of container should you use to store expressed breast milk?

Before expressing or handling breast milk, wash your hands with soap and water. Then store the expressed milk in a clean, capped glass or hard plastic, BPA-free container.
BPA stands for bisphenol A, a chemical that has been used to make certain plastics and resins since the 1960s.

Some research has raised health concerns about BPA because it can seep into food or beverages from BPA-made containers.

You don't want your baby feeding from that.
Read 21 tweets
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Akshay Deshmane
@DeshmaneAkshay
EXCLUSIVE: Sharad Pawar & Modi Govt, with the full awareness of the Prime Minister's Office, sought to help a Pune builder who violated green laws & was penalised by the National Green Tribunal for doing so. Full report at: bit.ly/2VFYXuF #Thread with key highlights 1/n
After the NGT imposed Rs 105 cr in damages on the Pune builder for violating green laws & damaging environment, Sharad Pawar wrote a letter lobbying PM Modi to water down NGT's powers, help the "construction sector" of Maharashtra. (pg1 of letter) bit.ly/2VFYXuF 2/n
Prime Minister's Office sent the letter to the environment and finance ministries for comments and set a deadline of five days. Environment ministry's internal memo called it a "priority" matter. bit.ly/2VFYXuF 3/n
Read 7 tweets
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GreatGameIndia
@GreatGameIndia
This surveillance tech is deployed at Sabarimala currently with Artificial Intelligence based high-res cameras fitted onto drones synced with various databses and biometric profiles under what they call "Predictive Policing" - stopping crime before it starts or future crimes.
Under Predictive Policing Hot Spot analysis police personnel will analyze & predict geographical areas of increased crime on basis of crime data. It will process all patterns relating to time of occurrence, exact locations, even shops, hotels, bars or other establishments.
Detectives will study social & infrastructural environment of a location & its local demography. Analysis will also be made of such things as local weather conditions, days on which offences are committed, whether it was around pay-day etc. But how they know its your pay-day? :)
Read 28 tweets

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