Share this page!

Enter Twitter Thread URL to Unroll

Needs to be the full URL like: https://twitter.com/threadreaderapp/status/1644127596119195649

How to get URL link on 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
May 12 • 11 tweets • 7 min read Twitter logo Read on Twitter
Is it costly?Will it work? Keynesians sitting at the Dept of Energy are the not so secret engine of the energy transition in the US.

Terrific Jigar Shah profile on how to take measured risks with public risk-bearing capacity crowding in private sector
nytimes.com/2023/05/11/cli…
We mention in our talk how Dept of Energy is secret engine of #EnergyTransition. IRA supercharges its authority to put full faith & credit of US govt behind pvt projects for the public good.
Jigar Shah on Odd Lots ht @tracyalloway
podcasts.apple.com/us/podcast/odd…
3/ idea we proposed a year ago is now secret engine of the energy transition buried inside Infrastructure Reduction act.

Dept of Energy now has authority under 1706 to issue $250 Billion (with a B) of credit subsidy in a notional $369 Billion bill.
phenomenalworld.org/analysis/ratin…
4/ Thread on how the IRA's Public Finance could retire Coal faster while saving ratepayers money! "Oh, someone needs to lend to utilities at low rates to replace coal? How about the US govt." $250B in lending from DOE's Loan Guarantee makes this possible
5/ "Shah says the loan program’s role is not to take a leap of faith on chancy projects but to back promising clean energy deals that can’t get conventional financing because commercial lenders lack the capability to vet them"

2 yrs to get money out door nytimes.com/2023/05/11/cli… Image
6/ "Other projects currently backed by the loan office include a novel plant in Rochester, N.Y., that harvests lithium from old electric vehicle batteries and a giant salt cavern in Utah that will be converted into a hydrogen battery as a backup for wind and solar" Image
7/ Private sector won't take the risks that the public sector can take (after throughly vetting technology and making sure they can repay loan!)

A giant salt cavern in Utah that will be converted into a hydrogen battery as a backup for wind and solar
nytimes.com/2023/05/11/cli… Image
8/ “The failed projects of the past clearly wouldn’t get through the office this time around...we can look at our portfolio of $38B worth of loans & say, actually, we have been pretty good stewards of capital,& we actually make money for the federal govt”
energy.gov/lpo/loan-progr… Image
9/ If you are interested in the nuts and bolts of the Inflation Reduction act, our talk and slides are here:
<tinyurl.com/IRATimTed>
10/@jerometenk gets ChatGPT to write 500 word essay making claim that Jigar Shah is Biden's green reconstruction era's equivalent of FDR's Jesse Jones reconstruction in Great Depression!
US developmentalist state @NMaggor @arielronid
@TiltingatM3 @humford

• • •

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
May 11
open question: why is the White House doing this?

“The president frankly doesn’t love everything in the bill, but we support it because that’s what compromise means,” Mr. Podesta said.
nytimes.com/2023/05/10/cli… Image
300 environmental organizations sent a letter to Biden & Dem leaders urging them to reject Manchin’s plan, saying that although it would “marginally” help the development of RE it would be “massively dwarfed” by expedited O&G letter:biologicaldiversity.org/programs/energ…
I personally dont think the permitting bill will happen in these GOP debt ceiling negotiations. But a compromise will eventually happen because the WH and climate dems want one .

@LPDonovan has a good scenario analysis:
lpdonovan.substack.com/p/everything-y… Image
Read 5 tweets
Albert Pinto Profile picture
May 5
Washington Consensus? S Korea is on edge with threats  of N Korean & Chinese retaliation to Washington Declaration. The peace that knit together the growth miracle for billions of people could end in a bang. @kmac
Our newsletter, thanks to @WonkVJ book
phenomenalworld.org/analysis/the-e… Image
2/ Now that North Korea has demonstrated ICBM ability to strike US homeland,71% of S Koreans want their own nukes “New York for Berlin” was extended deterrence dilemma of old cold war. The new question: Would the Americans really trade “Seattle for Seoul?” phenomenalworld.org/analysis/the-e… Image
3/ Does Asia have a “peace interest” (a transnational social & economic constituency opposed to war) @adam_tooze?ft.com/content/5e38ee…

S Korea,Japan, & China's finance ministers think so
phenomenalworld.org/analysis/the-e…
While their naval commanders met on a US nuclear sub SSBN in April Image
Read 5 tweets
Albert Pinto Profile picture
Apr 21
.@POTUS Biden - Negotiate a free trade agreement with Indonesia and Jokowi before it is too late. Making a standalone deal with EU and Korea makes no sense as firms VW, Tesla, LG are all patterning with Chinese firms in Indonesia to get battery nickel
foreignpolicy.com/2023/04/17/chi… Image
Western firms are playing catchup with Chinese firms. Ford, Tesla, VW etc all licensing tech and knowhow of CATL, BYD, mining firms.
@rachman_joseph is doing great reporting on the battery + metals rush in Indonesia. Jokowi's strong arming is working! foreignpolicy.com/2023/04/17/chi… Image
You get Java Coffee. But you'll know Indonesia has arrived when u order Sulawesi nickel battery for EV. Thats what VW,Tesla,CATL do

"For some time yet, companies scrambling for nickel may find that Chinese companies in Indonesia are the only game in town"
foreignpolicy.com/2023/04/17/chi… Image
Read 7 tweets
Albert Pinto Profile picture
Apr 14
full tragic absurdity of the current system.

"for every dollar that the IMF provides to a poor country for social spending, it requires the country to cut four times more through austerity measures." ht @eurodad @Oxfam
eurodad.org/springs_reacti…
thread on life or debt
85% of worlds ppl will live in grip of austerity. Since 2020, the IMF has provided nearly $300 billion in financing to 96 countries. In 2023, it wants "fiscal consolidation"

Decades of evidence that Austerity kills. It stunts lives & destroys potential
medium.com/@OxfamIFIs/soc…
Read 4 tweets
Albert Pinto Profile picture
Apr 3
Political Rhetoric versus Economic Reality on BRICS currency.

Brazil's RMB Share of foreign exchange reserves has dropped over last year
Mar 2022: ~5 %
Feb 2023: ~2 %

Will it actually change with Lula visit to China? @MonaAli_NY_US @davidrkadler data.imf.org/regular.aspx?k…
“”The US dollar will likely continue its 70 year reign as global reserve currency” doesn’t get clicks or sell papers, and so it doesn’t get written or shared. But that doesn’t make it any less true.”
Nice argument by @JosephPolitano
apricitas.io/p/sanctions-on…

⁩
Read 4 tweets
Albert Pinto Profile picture
Mar 27
"The end result of this interaction bw our strategic autism and the response functions of our allies, adversaries and third parties, is that we're running a substantial risk of losing the Cold War we've started outright"

US is now at the find out stage of fucking around. Thread 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 on Twitter!

Send Email!

:(