There was a solution to the green problem but it involved deepening European-Russian relations. Crazy how we have terrible war because so many people keep Climate & Geopolitics in separate silos & are unable to do 'joined-up thinking'. #GeopoliticsOfGHGs
We'll never know if West-Russia negotiations were done in good faith. December-January 2022:"German Economics Minister Robert Habeck wants to engage Russia economically by cooperating on renewable energy supplies to help de-escalate tensions over Ukraine"
4/ Its so horribly sad. If we don't have political actors negotiating for a a rational phaseout of fossil fuels we are going to get bloodbaths with irrational actors feeling like they have no future and willing to risk everything.
Our #GeopoliticsOfGHGs: researchgate.net/publication/33…
5/ It's Mutually Assured Destruction for Russia, China, US to remain🌎largest producers of Oil & Gas & Coal. Each suffers Billion $+ disasters. Damage done by Atlantic hurricanes in 2017 was more than HALF the Pentagon's budget! Boreal fires choke Russians
Andreas Malm's 'How to Blow Up a Pipeline (2021)' is cursed with such an incendiary title that people think they get the argument without reading the book.
3/ " What does it mean that as capitalism has become truly global, the gravediggers it has created dig not only capitalism’s grave, but also that of much organic life on earth?”- Andreas malm
What must be done? What would Lenin do? lrb.co.uk/the-paper/v43/…
Global food emergency needs institutional response to procure & distribute.
"During World War I, the Allies faced a similar problem: Shortages for key goods were being exacerbated by uncontrolled international competition on private markets" nytimes.com/2020/04/15/opi…
Russian and Ukrainian wheat as important to rest of world as Ru oil and gas are to Europe. Having no plan for alternatives is recipe for sociopolitical instability in both. Its why many countries in Asia & Africa abstained from UN vote to censure Russia.
Rising food prices in each country are NOT just because of blockades of Russian and Ukrainian wheat, but also driven by speculation in deregulated commodity markets hsgac.senate.gov/imo/media/doc/…
If there is any point to Putin 's nuclear brinksmanship and West's sanctions escalation of weekend, it is to bring everyone to the negotiating table! Thread on the HARD next phase of sanctions relief and economic+security deal that West-Russia can live with.
Not looking forward to nuclear winter. Hope sense prevails and West exchanges stoppage of war for pulling back sanctions. Punishment of russia's economy/people and talk of regime change in Moscow only fuels escalation towards MAD
Please, please don't push for a No Fly Zone. Its MAD
"I want to remind those proposing it a "No Fly Zone" would be an act of war against Russia which would result in the complete destruction of Ukraine: its churches, its people and its millions of lives."
A question to zoom out: Did high energy prices embolden Putin? Are the commodities markets responsible for Russia’s invasion of Ukraine? @rupert_russell’s timely new book 'Price Wars' says: YES. penguinrandomhouse.com/books/622647/p…
2/ Moscow’s military interventions have come at times of historically high oil prices. And right now, energy prices are approaching triple digits for the second time in a decade. Previous highs:
1979 - Afghanistan invasion
2008 - Georgia invasion
2014 - Ukraine "
2022 - Ukraine "
3/ The Oil price - Conflict relationship is not unique to Russia. Russell draws on @cullenhendrix’s discovery that as oil prices increase, oil exporting petrostates are more likely to initiate military conflict. sci-hub.se/https://journa…
MMT on managing inflation with multiple tools
"Whether it's businesses raising profit margins or passing on costs...there are a range of sources of inflation that aren’t caused by the general state of demand & aren’t best regulated by aggr demand policies" ft.com/content/539618…
Balanced critique of Kelton's book "The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy" ht @JWMason1 prospect.org/culture/books/…
84/ With forecasts of cold weather and a hot war, Energy markets are VOLATILE right now. A wild day in US Gas Markets with prices doubling and then crashing back down. bloomberg.com/news/articles/…
Like last year it could freeze oil and gas production, potentially causing another supply shock. Without heat ppl die in homes. Even without the destabilized Climate, gas is unsafe if regulators are captured bloomberg.com/news/articles/…