my @guardian op-ed on why I worry that the European Green Deal will benefit decarbonisation barons and carbon financiers. theguardian.com/commentisfree/…
@guardian No Green Macro, no Green Industrial policy, just Ordoliberalism - the Just Transition Mechanism relies on National Transition Plans where derisking the 'market' is expected to deliver justice for miners and other groups affected by decarbonisation plans.
@guardian my country, Romania, offers depressing examples of what happens when you hope for Ordoliberalism to deliver low-carbon justice.
But so does Germany's recent coal exit laws that mostly compensate coal companies.
But so does Germany's recent coal exit laws that mostly compensate coal companies.
@guardian the Just Transition Mechanism is peanuts compared w the other leg of the Green Deal: the Sustainable Finance plans .
Here is where carbon financiers are shaping a sweet new deal that I call the Wall Street Climate Consensus: turning climate into profitable business.
Here is where carbon financiers are shaping a sweet new deal that I call the Wall Street Climate Consensus: turning climate into profitable business.
@guardian first step: get the #EUtaxonomy to identify as many activities green or pathways to green while make sure that Commission/ECB dont talk brown finance
@guardian then get derisking/subsidies for 'green' assets - through regulatory interventions or through ECB collateral framework #subsidisedgreenwashing
@guardian and through public investment banks
@guardian here is an example of the ways in which the Taxonomy can be used for greenwashing, from AFME: afme.eu/Portals/0/Disp… 
@guardian and for more on the (greenwashing) devil in the details of the Taxonomy here energypost.eu/defining-green…
