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Albert Pinto Profile picture
@70sBachchan
Jan 9, 2023 • 6 tweets • 3 min read • Read on X
1/ For as long as there has been UN global climate diplomacy, developing countries have had 2 asks - rich countries should go green first & fast.

While they have argued for gradual transitions. 2022 showed developing countries underestimated 2 big factors
africanclimatefoundation.org/wp-content/upl… Image
2/ Firstly, energy transitions do not happen in a vacuum. Each country is highly exposed to decisions made by others.

Decisions to launch wars,interest rate decisions, Industrial policy legislation in rich countries that can make developing countries export sectors uncompetitive
3/ Secondly, cost of capital is cheaper in rich world, pricier in developing countries. While Climate damages are concentrated in global south

So when climate risk is taken into account,developing countries have to pay even higher capital costs -> slowing their energy transition Image
end/ Therefore, there is no solution to Climate crisis that does not change intl financial architecture.

No solution to Global Debt crisis that does not change the hierarchy of nations

Read @kmac on Debt & Climate
phenomenalworld.org/analysis/cop26…
Thread for those interested in our new polycrisis project. Sign up link here: mailchi.mp/newsletter.jfi…
Without considering cost of capital,Greens risk "1) overpromise on pluses & ignore the real costs & trade-offs of #mitigation 2) tout the attractiveness & cheapness of #renewables as self-evident 3) & ignore the climate vs development trade-offs"
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More from @70sBachchan

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
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Read 5 tweets
Albert Pinto Profile picture
Jan 8
1/ I'm not sure that ppl outside of California have grasped the magnitude of this deadly and still-escalating wildfire catastrophe. Fires in WUIs, fanned by 80 mph+ winds, bone dry stubble, after 2 yrs of growth in wet winters. Tens of thousands of people are being evacuated. Image
2/"The Getty Villa Museum has caught fire as the Palisades Fire pushes forward in Southern California, according to reporting from the LA Times. The museum’s collection contains more than 125,000 artifacts, many of them Greek and Roman antiquities"
latimes.com/california/sto…
3/ "A second fast-moving wildfire is burning out of control in the Los Angeles area hours after another blaze tore through the city’s Pacific Palisades neighborhood, destroying many homes and prompting evacuation orders for tens of thousands."
sfchronicle.com/california-wil…Image
Read 11 tweets

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