Share this page!

Daniela Gabor Profile picture
Twitter logo
7 Oct, 4 tweets, 3 min read
fascinating account of the politics of mega renewable energy project.
missed one angle, that Noor Ouarzazate plan in Morocco was built through a PPP project viewed by the World Bank as excellent example of its Maximising Finance for Development
PPP derisked, a la #WallStreetConsensus, by MDBs and German development finance, and built by European companies - cc @squirrelista @Frauke77487323 @crystalsimeoni
Government of Morocco bears the heaviest burden of derisking - MASEN (state-owned) commits to purchase all power generated at the same price for 25 years and it also takes currency risk

sciencedirect.com/science/articl…
unfortunately, neither the AfDB nor WB docs on the project spell out the derisking costs for Moroccan state.

afdb.org/fileadmin/uplo…
documents1.worldbank.org/curated/en/138…

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Daniela Gabor

Daniela Gabor Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @DanielaGabor

Daniela Gabor Profile picture
6 Oct
remember 2008 GFC, when we became experts on shadow banking & regulators finally accepted securitization can create systemic risk instead of better distributing it?
12 years later, European Banking Authority + European Commission quietly dismantling that regulatory regime.
when Lord Hill got Finance portfolio at European Commission as olive branch to Cameron government in 2014, we got #CapitalMarketsUnion - a Trojan horse for private finance lobbies to fight back against FTT and bank structural separation plans of European Parliament
CMU rapidly became market-building strategy: 'we are back to working with, not on, finance' (Lord Hill) to breathe new life into European securitization market through STS initiative: simple, transparent & standardised securitization.
Senior STS tranche = preferential regulation
Read 11 tweets
Daniela Gabor Profile picture
29 Sep
on the panel with the father of the German debt break, a new experience :)
'I wont be an apologist for the current #SchwarzeNull system'
'there is an issue with fiscal sustainability, with building future fire power for a country with an ageing population'
Read 12 tweets
Daniela Gabor Profile picture
28 Sep
by my count, today's @Isabel_Schnabel (excellent) speech is the most hawkish on greening central banks, far more ambitious than Mark Carney's and other NGFS central banks

ecb.europa.eu/press/key/date…
central banks should move fast because markets misprice climate risks
green bonds need a proper taxonomy to address widespread greenwashing
Read 10 tweets
Daniela Gabor Profile picture
28 Sep
good morning, Nature as an Asset Class project:

a #WallStreetConsensus global elite solution predicated on idea that we need to 'value' nature if we want to protect it.

The Paulson Institute report will shape incoming 15th UN Convention on Biological Diversity
endorsements: UN Undersecretary, Mark Carney, Mario Draghi (!!!), Kristalina Georgieva (IMF), Tom Lovejoy (Amazon Biodiversity Centre), Luis Alberto Moreno (IADB), Robert Zoellick
How to construct Nature as an Asset Class into a hegemonic climate narrative
1. Establish a biodiversity financing gap: between total annual capital flows into biodiversity conservation and funds needed to manage biodiversity.
Estimated at between USD500bn to USD 800 bn a year.
Read 12 tweets
Daniela Gabor Profile picture
27 Sep
hmm, given this government's record, the talk of 'giving students their money back' to ease the pain of COVID19 will mean a lot of pain for universities #Marr
we could have instead @AndrewMarr9 discussing the abolition of tuition fees and a return to less commodified higher education, but I guess not.
how you get COVID19 perfect storm for universities:
1. government refuses emergency funding
2. business model reliant on accommodation/catering & foreign students
3. poor track and trace system
4. overpaid VCs forcing staff to do face to face, often without mandatory masks
Read 4 tweets
Daniela Gabor Profile picture
27 Sep
when Bank of England finds the (many) holes in the Volcker rule, and doesnt hold back so we can all recall how powerful US finance lobby is
h/t @izakaminska Image
a reminder that the European Commission went down the same route when it dropped its structural reform of banking initiatives Image
good morning chart crimes, as PTFs (automated trading) firms may or may not be large players in the gilt market Image
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get email notifications when new thread is out from this Author!

Check out other threads from this Author!

Read all threads by @DanielaGabor