Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Albert Pinto Profile picture
@70sBachchan
Nov 29, 2022 • 15 tweets • 11 min read • Read on X
Scrolly
On Tuesday 3pm EST, join us at Polycrisis @phenomenalworld for an awesome panel to discuss:
MONEY & THE CLIMATE CRISIS
bit.ly/money-and-clim…

featuring: @MonaAli_NY_US, @rishirbhandary, @AGelpern, @AvinashPersau15, @Brad_Setser, and @adam_tooze
Climate crisis has added fuel to a debt fire. Global south countries borrowing costs have soared just when they need it the most. Many face impossible choices.

This is menu of what must be done. What are political blockages to action on these fronts?
eurodad.org/a_tale_of_two_…
3/ Burdened by Covid, Debt & Climate crises, Latin & Central Am are at frontlines of 21stC system-level shocks. Green investment, debt write-offs, and bigger welfare states are solutions.

Must-read by Tooze on dollar world-order adamtooze.substack.com/p/chartbook-ne…
4/ The position of developing countries is analogous to the position of municipalities in rich countries. Both face extremely high financing costs in bond markets even though they need to do adaptation & decarbonization the most.
5/ Climate & finance ppl must grok geopolitics. "Interwoven into Anglo-American legal and financial wealth-defense networks is a transnational security apparatus"

Read @MonaAli_NY_US essay why dollar hegemony is more entrenched than ever before.
phenomenalworld.org/analysis/regim…
6/ There have been a slew of proposals to reform IMF & World Bank governance as they empower put creditor interests.

Unequal country quotas at the IMF make climate-vulnerable countries underrepresented in decisions that disproportionately impact them.
bu.edu/gdp/files/2022…
7/ Are there ways to break the deadlock? Can climate finance flow without changing intl finance architecture?

If you have heard about Barbados PM Mia Mottley's "Bridgetown Agendaa" and want to know more about it, @AvinashPersau15 fine essay is here:
geopolitique.eu/en/articles/br…
8/ In bombshell report @danielmunevar finds poor countries will pay an astonishing $330B in debt service on bonds worth $691B. What governs the size of the pound of flesh that global bondholders demand for lending money to poor countries? ht @policytensor
policytensor.substack.com/p/global-polar…
9/ @rishirbhandary on how intl fin architecture is being pushed
">#COP27 called on MDBs to do more on climate finance
>Yellen has called for a World Bank evolution roadmap
>G20 report on MDB capital adequacy shows they could increase lending by billions"
opendemocracy.net/en/oureconomy/…
10/ It is a rich irony that states who drilled the most oil and gas - US, Saudi Arabia, UAE etc - also have the money that is being used for climate finance

Unsurprisingly, they want to keep drilling & don't want to turn into "stranded countries". Thread
11/ Climate finance is riddled with greenwashing schemes.
Saudis and Emiratis are taking Biden's CCS and Hydrogen program to the developing world. The "Build Back Better world agenda", is brought to you by the gulf petrostates #GeopoliticsOfGHGs
Nothing in life is certain except destabilizing climate, 'uneven & combined development' & taxes.

Join us in a few hours (3pm EST) with an amazing panel to discuss Climate, global political economy, & power. There will be a recording if you can't make it
bit.ly/money-and-clim…
"Problem of modernization has not gone away. In fact, it has returned with unprecedented urgency with #climatecrisis. The advanced nations of the world want a global energy transition. The Third World states have more urgent priorities..."
@policytensor
policytensor.substack.com/p/global-polar…
Cracking Polycrisis panel on Money, Climate, Debt is now live. Tune in here:
Fun & insightful Polycrisis panel. If you missed it,don't FOMO. Recording here:
-Financing & dollars are drying up for rest of the world just when they need it the most
-get domestic politics right & countries can creatively do a lot

• • •

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

Keep Current with Albert Pinto

Albert Pinto 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 @70sBachchan

Albert Pinto Profile picture
Aug 22
The "flying geese" model
"(originally presented by Akamatsu), according to which transfers of tech foreign investment, &trade between richer and poorer parts of a region generate development through a restructuring in the division of labor" - Alice Amsden
citeseerx.ist.psu.edu/document?repid…Image
2/"Japanese and South Korean firms built supply chains across SE Asia to lower production costs and reach Western markets. Samsung invested heavily in manufacturing plants in Vietnam. Japanese automakers like Toyota...set up auto plants across Thailand, Malaysia, Indonesia" Image
3/ "And of course, Japan and South Korea helped turn China into a global manuf hub. Along the way, Japanese & Korean companies frequently brought over their own machinery and equipment while keeping the high-tech, high-value work at home." - @kyleichan
high-capacity.com/p/china-is-try…Image
Read 7 tweets
Albert Pinto Profile picture
Aug 14
NEW Dispatch @polycrisis @kmac: Trump is BRICS' greatest champion. buttondown.com/polycrisisdisp…Image
This week we scan the latest frontiers of Trump’s trade war, from India to Brazil, amid the US pressure campaign against Russia. We end in Alaska, where Putin is slated to meet Trump on Friday. Is a new world order taking shape before our very eyes?
buttondown.com/polycrisisdisp…
2/ On Aug 6, Trump punished India with an addil 25% tariff for buying Russian oil in an executive order The EO’s title —Addressing threats to the US by the Russian Federation —made it clear that this wasn’t about bilateral US-India trade but about Ukraine
buttondown.com/polycrisisdisp…Image
Read 13 tweets
Albert Pinto Profile picture
Aug 5
Holy moly trump killed Moderna in US!!
“The U.S. Department of Health and Human Services (HHS) today announced the beginning of a coordinated wind-down of its mRNA vaccine development activities...." Image
“The projects — 22 of them — are being led by some of the nation’s leading pharmaceutical companies like Pfizer and Moderna to prevent flu, COVID-19 and H5N1 infections.”
apnews.com/article/kenned…Image
Trump government curbing research in vaccines, satellites, NIH, NSF, cancer research, clean energy,
Is this the beginning of the American dark ages? Sure feels like it
Read 11 tweets
Albert Pinto Profile picture
Jul 19
America in its florentine Medici
Era Image
America in its Florentine Medici era
9 billionaire families: Image
Free market capitalism is designed to produce Billionaire Raj. But the extraordinary FAANG tech boom is a v recent development. Since 2016 the largest corporations have shot up in market value. Their CEOs became *more* Right to protect wealth from taxes policytensor.substack.com/p/a-note-on-th…Image
Read 6 tweets
Albert Pinto Profile picture
Apr 29
Mexico's president Claudia Sheinbaum is an energy systems expert. She is positioning Mexico to lead in the global green economy —from EVs & batteries to Renewables,Critical minerals,HVAC manufacturing. Her Plan Mexico is at a critical juncture. Our report:
netzeropolicylab.com/mexico-green-o… x.com/maxvejares/sta…Image
Claudia Sheinbaum:“Plan Mexico is the path that I am certain will lead us to a Mexico with more well-paid jobs, with less poverty & inequality...with a lower carbon footprint that respects the environment and increases our self-sufficiency and sovereignty"
netzeropolicylab.com/mexico-green-o…Image
3/ How did Mexico's President Claudia Sheinbaum became the most popular president in the world?
Read this.
“We will not return to the neoliberal model … We will continue with Mexican Humanism and with the maxim of ‘For the good of all, first the poor.’”
phenomenalworld.org/analysis/the-f…Image
Read 10 tweets
Albert Pinto Profile picture
Jan 12
"The Financial Times has misled its readers by not clearly stating that its promotion of trade blocs and revision of other key principles means in reality the abandonment of neoliberal globalization as a project"

This shd be published in FT @BrankoMilan
braveneweurope.com/branko-milanov…
Its genesis was Martin Wolf leaving a tart comment on Milanovic's blogpost:

Wolf misread @BrankoMilan argument which was not a peaen to Trump ending global neoliberalism but that he ia tool of History. Well worth reading:

branko2f7.substack.com/p/to-the-finla…Image
Martin Wolf: "It is conflicts over power that most threaten globalisation. By seeking to enhance their security, great powers make their rivals more insecure, creating a vicious downward spiral of distrust. We are already a long way down this spiral" ft.com/content/8954a5…Image
Image
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

Don't want to be a Premium member but still want to support us?

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

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

Send Email!

:(