This thread by @herdyshepherd1 has been getting a lot of airplay. I'm not a farmer but I have worked on trade and sustainability for over a decade, and I'm an advisor to the Board of Trade. Although I am a huge fan of James's books, I disagree with him on a number of counts. 1/13
2/13. First, it's easy to rebut some of the claims James makes, or at least show that they are not relevant to the trade deal just struck with Australia. And for the record, I find mulesing a repellent practice that has no place in the 21st century.
3/13. Let me also say that I think James and I would agree 100% on the need not just for there to be a competitive farming sector, but one that can contribute fully to the UK's environmental targets, including net zero emissions by 2050 and still be economically successful.
4/13. So far so good. But James assumes this can only be achieved by creating a protected market for his produce. He wants to charge consumers more so he can meet the costs of good environmental management. He's explicit about his desire to be protected:
5/13. There are a number of problems with this. First, it's regressive: poor consumers paying more for food because we want farmers to help alleviate floods that mainly hit wealthier property owners, or to provide biodiversity, or cultural goods or carbon capture.
6/13. Second, its unfocused. If you want biodiversity, floodwater management, cultural goods or carbon capture, pay for those things. You can't just push up food prices by eliminating competition and hope for the best - you still need either a payment system or micro-regulation.
7/13. James also seems to make the common mistake of assuming that the only (or best) way of keeping out produce that violates our environmental or welfare rules is via trade deals. But it can be done via food standards or labeling - often more simply and allowed under WTO rules.
8/13. There is an alternative: public funding for public goods. Let competition set the price of produce, but supplement farmers' income to ensure they can earn a decent return. Now it's (wealthier) taxpayers, not (poorer) food consumers who pay - much fairer and more efficient.
9/13. This is the post-Brexit approach embodied in the 2020 Agriculture Bill, which is opening up new options to move fast on sustainability and which the Government is in the process of fleshing out via a range of Environmental Land Management schemes. 
gov.uk/government/pub…
10/13. Now, I can 100% understand the anxiety of farmers like James, because the Australia deal is done and guaranteed to expose them to competition, but the countervailing environmental payments are not yet in place. That is why the Australia deal is phased in over 15 years.
11/13. The government is so far only running pilots and learning by doing. I accept that it is incumbent on all of us, particularly supporters of the new framework, to make sure payments actually flow and are sufficient to ensure good farmers can thrive. gov.uk/government/pub…
12/13. But when James says there's now no case for higher standards, that he "can’t win that argument with my neighbours", the opposite should be true: he can promise them that unless they get good at delivering the public goods the country wants, they will be out of business.
13/13. And of course there will also be new export markets for James's fabulous lamb, something he didn't mention. Finally, let me say I have nothing but respect for what James does, and I absolutely understand the frustration of operating under such cosmic levels of uncertainty.

• • •

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

Keep Current with Michael Liebreich

Michael Liebreich 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 @MLiebreich

19 Jun
OK folks, you want zero-emissions construction, forestry and farming machines? The future may be hydrogen, but not as you know it. I spent yesterday with Lord Bamford and his team at @JCBmachines's secret test quarry near Uttoxeter. This puppy burns hydrogen in a thermal engine!
Engineers at @JCBmachines have developed a range of battery machines, which work great if they are not in constant use and have a grid connection. For off-grid, continuous use they tried fuel cells, but found them complex and expensive. Et voila, they developed a hydrogen engine!
I was well impressed. I'm a mech engineer with a thing for fluid dynamics and thermodynamics. The first ever IC engine ran on hydrogen in 1807, but solving all its problems (hotspots producing NOx, steam removal, reliability, etc) is hard. If @JCBmachines has done it, it's a BFD!
Read 8 tweets
2 Apr
ICYMI because of the launch of Biden's $2tr Infrastructure Plan, the other big news this week was the JRC report on nuclear power which gave it the green light under Do No Significant Harm, clearing it for inclusion in the EU Sustainable Finance Taxonomy: ec.europa.eu/info/sites/inf…
It's not that nuclear power is a climate silver bullet, as silly ecomodernist bros endlessly and boringly claim. In fact, the current generation of nuclear plants has been tested pretty much to economic disruption, as I wrote in this piece in July 2019.
about.bnef.com/blog/liebreich…
The point is that nuclear power is still the largest single producer of near zero-carbon electricity in the EU, responsible for over 25% of all power. At the very least, prolonging the life of existing, safe nuclear plants must be considered a sustainable activity.
Read 22 tweets
3 Mar
Countries responsible for 78% of global GDP will have pledged net-zero emissions by 2050 or (in the case of China and Brazil) 2060. But is the financial system on track to deliver this scale of change? My deep dive on green finance for @BloombergNEF...
about.bnef.com/blog/liebreich…
Over $500 billion went to net-zero compatible sectors last year. But no amount of investment in clean energy and transportation will get the world to net zero if the capital markets continue to invest at the same time in fossil fuel-based infrastructure. about.bnef.com/blog/liebreich…
Back in 2012 I attended the @WEF Global Agenda Councils Annual Meeting in Dubai. Not one of the Agenda Councils on the future of the financial system had #ClimateChange on its radar. If you don't believe me, you can check: www3.weforum.org/docs/GAC/2013/…
Read 40 tweets
3 Mar
Someone please tell me why this is not a big story: London bus drivers are dying from Covid at 2.4 times the national rate for bus & coach drivers. (TfL/ONS data). The Mayor, always banging on about being the son of a bus driver, is the chair of TfL and is seeking reelection. 1/5
Don't believe me? Here's the ONS national data for 2020 showing the national figure for bus and coach driver Covid deaths in 2020 was 70.3 per 100,000.
2/5
ons.gov.uk/peoplepopulati…
By early January 42 London bus drivers had died, out of 25,000. That's 168 per 100,000, making it the nation's most dangerous occupation. Since then the figure has risen to at least 50.
3/5
bbc.co.uk/news/uk-englan…
Read 6 tweets
27 Jan
@cody_a_hill @JustinHGillis @JesseJenkins @ramez @chrisnelder @hausfath @KarstenCapion @AukeHoekstra @DrChrisClack @EmilDimanchev @robbieorvis @SimonMahan @electronecon @noahqk @IEA @DrSimEvans @DetlefvanVuuren @nworbmot @TomRaftery @ChristianOnRE @solar_chase My ten cents on all this. 1) there is no end to solar cost reductions: they just slow down in time as the industry matures, same learning rate. There will always be innovations we've not even thought of, coming from within the solar industry and from outside it.
@cody_a_hill @JustinHGillis @JesseJenkins @ramez @chrisnelder @hausfath @KarstenCapion @AukeHoekstra @DrChrisClack @EmilDimanchev @robbieorvis @SimonMahan @electronecon @noahqk @IEA @DrSimEvans @DetlefvanVuuren @nworbmot @TomRaftery @ChristianOnRE @solar_chase 2) Cody is right : of course you can sell solar as a base levelized price plus a battery premium to shift it to when the customer wants it. 3) Jesse is also right: that leaves money on the table. But risk management has real value, as does simplicity.
@cody_a_hill @JustinHGillis @JesseJenkins @ramez @chrisnelder @hausfath @KarstenCapion @AukeHoekstra @DrChrisClack @EmilDimanchev @robbieorvis @SimonMahan @electronecon @noahqk @IEA @DrSimEvans @DetlefvanVuuren @nworbmot @TomRaftery @ChristianOnRE @solar_chase 4) In due course, particularly when lots of generating capacity and batteries have come off PPAs, we will have more data on real (hopefully locational!) prices. Far more projects will be built merchant /using all sorts of clever hedging tools. [I'm an investor in @ModoEnergy].
Read 6 tweets
28 Nov 20
@AukeHoekstra @StevePeers Auke, thanks for this. Let me add a nice twist. Clarendon Communications Ltd was only registered on 10 Feb 2020:
…te.company-information.service.gov.uk/company/124518…
@AukeHoekstra @StevePeers Clarendon Communications has one director, Rebecca Caroline Stephens. She's never been a director of another UK company:
…te.company-information.service.gov.uk/officers/vfPjd…
@AukeHoekstra @StevePeers Clarendon Communications website is fascinating. PR companies normally tout the experience of their team. Not this company, it doesn't even list Rebecca Stephens, the only director. It does list two clients: @astonmartin and @RobertBoschUK. clarendoncommunications.co.uk/clients
Read 17 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!

:(