Ed Conway Profile picture
Did I mention I wrote a book?
LittleGravitas 🇪🇺 🇪🇸 🇺🇦 🇮🇱 🇵🇸 #FBPE Profile picture Dame Chris🌟🇺🇦😷 #RejoinEU #FBPE #GTTO🔶️ Profile picture Birger Leth Profile picture DocM55 🌈🧬 Profile picture TouricRoro28 Profile picture 26 subscribed
Aug 13 29 tweets 9 min read
🧵Here’s the extraordinary story of a Frenchman who came up with an invention that changed the world, before events took a twist.
It’s a rollercoaster story that just might help us solve one of the biggest challenges facing humanity.
Sounds far-fetched, I know, but read on… Image The man in question was Nicolas Leblanc.
Born in 1742, he trained as a doctor but was always short of cash. He became the physician to Louis Philippe II, Duke of Orléans - a minor French royal. Like many enlightened intellectuals, his hobby was scientific experimentation. Image
Aug 9 22 tweets 7 min read
🧵Want to understand why weaning ourselves off fossil fuels like oil is such a tricky challenge?
Best place to start is with this ubiquitous toy👇
This is a thread about what I call the LEGO conundrum.
It begins when you ponder what a LEGO brick is actually made of... Image Standard Lego bricks are made of something called Acrylonitrile Butadiene Styrene.
ABS is a tough thermoplastic you often find in the handles of scissors or the frames of hard carry-on baggage cases.
But Lego bricks are prob the most iconic application.
en.wikipedia.org/wiki/Acrylonit…
Image
Jul 31 17 tweets 7 min read
🧵
It might look like something from space, but some folks think lumps of rock like this could help us solve one of the biggest problems facing the planet.
Others fear they could trigger ecological catastrophe.
Presenting the weird, unsettling story of polymetallic nodules Image These potato-sized mineral lumps form over millions of yrs on the ocean floor as metals accrete around organic fragments.
Up until 150 years ago no-one knew polymetallic nodules even existed. Today they're a very big deal.
So. Here are the 2 main things you need to know abt them Image
Jul 20 29 tweets 10 min read
🧵
80 years ago today, newspapers in Europe carried news of the unexpected death of a very important man, in a hotel miles from the nearest city.
A man who, said some, was helping the Allies win the war.
But there was a twist to the tale. The man in question wasn't actually dead Image That man was John Maynard Keynes. The 61 year old economist was at the Mount Washington Hotel in New Hampshire for what became known as the Bretton Woods conference. And the day earlier he had indeed collapsed, following a heart attack. It was a moment of high drama. Image
Jul 10 7 tweets 2 min read
It says something about how confusing Labour's green investment policies are that seemingly even the Treasury has misunderstood them.
Contrary to what the picture in this press release👇 suggests, the National Wealth Fund has nothing to do with wind power or indeed green energy Instead it's very specifically designed to focus on all the low or zero carbon technologies that AREN'T really to do with generating power.
- Green steel
- Hydrogen
- Clusters
- Gigafactories
Here's the sectors the institution will focus on 👇 Image
Jul 5 10 tweets 4 min read
🧵
How did Keir Starmer manage to win a landslide majority even though fewer people voted for him than for Jeremy Corbyn in either of his election bids?
A quick thread looking beneath the numbers.
Let’s start with swing… Election nerds like to focus on two-party swing - essentially showing how voters shifted between the main parties.
And on this metric, Labour enjoyed a MASSIVE swing. 11%. Slightly more than Blair in 1997.
But there’s more to this chart than meets the eye… Image
Jul 2 21 tweets 7 min read
🧵THE STRANGE CASE OF THE YAKOV GAKKEL🧵
A thread about the energy story no-one wants to talk about.
About how UK companies are helping facilitate Russia, as it earns money to finance its war.
And about how the cost of living crisis didn't end quite how you prob thought it did… But before all of that it's a story of a ship. A v unusual ship.
The Yakov Gakkel. A vessel that routinely passes these shores. As I type this it's somewhere north of Norway. But I first saw it in the English Channel.
And at first glance you might not think it all that special.. Image
Jul 1 7 tweets 2 min read
🧵You know the idea, posited by @theIFS, that the main parties are engaged in a "conspiracy of silence" this election.
Their original point was about spending plans.
But I think you cld go much further.
I can think of at least 5 other areas where there's a conspiracy of silence 1⃣Taxes ARE going up under all the main parties' plans.
But they prefer not to talk about this, hiding instead behind the claim that tax rates on income tax, NICs and VAT won't rise. But they've still signed up to plans which will mean the AMOUNT of taxes we're paying will rise. Image
Jun 23 12 tweets 5 min read
🧵
You've probably heard this claim - both from @rishisunak and more recently from @Nigel_Farage 👇
UK has leapfrogged others to become the world's fourth biggest exporter! And all after Brexit!
Unfortunately the reality is somewhat less impressive than this sounds.
Here's why: Image First thing to say is that the bare bones of the claim are certainly true.
Between 2021 and 2022 the UK did indeed rise from 7th in the league table of the world's biggest exporters (counting both goods and services) to 4th.
We'll get to why this happened in a moment. But still Image
Jun 20 11 tweets 4 min read
🏠THREAD🏠
Why everything you thought you knew about housebuilding in the UK might actually be wrong.
A nerdy but quite important thread, with special relevance in an election where every politician is promising to build x-thousand more homes.
It begins (of course) with a chart This is the conventional picture you prob have in your mind of housebuilding in England👇
Data on housing starts or completions, divided up by who's doing the building. The govt compiles it from data on housing warranties submitted to the NHBC.
And there's a clear pattern... Image
Jun 4 5 tweets 2 min read
The chart I can't quite get out of my head is this one👇
Population-adjusted net migration since 1855(!)
We've NEVER seen net migration flows like this before.
Whether you put it down to post-Brexit migration rules, post-Covid shifts or something else, it's an ENORMOUS shift... Image I'm quite surprised the issue isn't even bigger this election.
Perhaps it's because it takes a while for data trends to become a cultural issue.
Think Polish plumbers, post-war Commonwealth migration or Windrush generation.
The recent flows from India/Nigeria dwarf all those...
May 31 10 tweets 4 min read
Am I allowed, at this stage, to point out that... there is no such thing as a fossil fuel free book?
Like it or not, paperback & hardback books are fossil fuel products.
If that sounds odd, consider for a moment how the book you've been idly flicking through is actually made... We all know the main ingredient in paper is wood. Turning wood into paper is a v energy-intensive process.
In the UK it accounts for roughly 6% of our emissions. Mostly thru burning gas to power the mills.
Paper mills are trying to reduce their emissions. But it's not easy Image
May 15 6 tweets 3 min read
V interesting new analysis out today from the @IPPR.
There have been plenty of reports saying we need to do what we can to rebuild manufacturing & grow green tech.
But WHICH SECTORS could the UK actually compete in? This report provides some of the answers news.sky.com/story/rapid-st… Full report here👇
It's precisely the kind of forensic work this govt (or the next one) needs to do on industrial strategy. We can't hope to compete with China & the US in EVERY field. So what do we focus on?
They say: heat pumps, wind and green transport ippr.org/articles/manuf…
May 14 13 tweets 4 min read
🧵
Joe Biden has just confirmed he's going to raise the special tariff on electric vehicles coming from China to 100%.
Also new tariffs on batteries and solar panels.
What's going on here?
Here's a quick primer with some charts 👇 First off, a recap on what's happened with tariffs.
The standard tariff on cars is 2.5% - that's what most other nations pay.
Trump levied an extra 25% tariff on China in 2018.
Now far from changing course, Biden is doubling down - or rather quadrupling down.
Now it'll be 102.5%
May 2 14 tweets 5 min read
I hate to be pedantic (and no doubt this will mean I'll be labelled as one of those doomsters @KemiBadenoch is calling out here) but there's a few problems with the data the biz/trade sec is quoting here.
When you correct them, the picture looks a little different...
🧵 Let's start with the big one.
In all the charts in the @biztradegovuk document she quotes from, it looks like export volumes are bigger than ever before 👇
Hurrah!
Except this is true only when you fail to adjust for inflation. Which, as we all know, has been VERY high recently Image
Apr 26 20 tweets 7 min read
🚗UPDATE🚗
- Britain is STILL sending millions of pounds of luxury cars into states neighbouring Russia, according to new data.
- There is STILL no especially plausible explanation
- Car lobby group the @smmt STILL insists it's got NOTHING to do with Russian sanctions
🧵 You may recall this from last month 👇 abt how UK car exports to Russia stopped when sanctions were imposed. But they spontaneously. mysteriously rose to Azerbaijan.
I promised to post regular updates if the phenomenon continued. Well, it's continuing
Mar 18 13 tweets 5 min read
NEW
Britain's motoring lobby group the @SMMT has insisted that an unprecedented 2,000% increase in car exports to Azerbaijan has NOTHING to with Russia and is explained by the fact that this former Soviet state is a “flourishing market in its own right”.
This is rather... odd
🧵 Image Before we get onto that, some background (thread on this here👇).
TLDR: UK car exports to Russia have collapsed, because of sanctions. But UK car exports to countries neighbouring Russia have suddenly risen by nearly the same amount. Esp Azerbaijan
Mar 12 15 tweets 6 min read
🚨The strange tale of British luxury cars & Russian sanctions🚨
🧵A thread on some v striking charts which raise some disturbing questions abt the car industry.
Let's start at the start.
Wealthy Russians love high-end British cars.
Don't just take it from me. Take it from her 👇 So when Russia invaded Ukraine, it was not without significance that all Britain's major carmakers said they would stop sending their cars to Russia.
Anyway, shortly afterwards, the UK imposed sanctions which made it illegal to do so anyway...
Mar 6 14 tweets 5 min read
💷BUDGET THREAD💷
A few thoughts on what was supposed to be a big event but ended up feeling, well, a wee bit thin.
And that’s the first thing to say.
Strikingly, this Budget was HALF as big as the Autumn Statement. Look at the difference between the scorecard totals 👇
Image
Image
Was it a tax-cutting Budget?
I mean… not really.
Well, OK, the net impact is taxes aren’t going up as quickly as they were 6 months ago.
But (and I think this is pretty crucial) THEY’RE STILL GOING UP. The tax burden will be higher at the end of this Parliament than before.
Feb 23 32 tweets 10 min read
🧵Here's a thread about an obscure economic theory from a century and a half ago, which is about to become a MASSIVE deal.
⚡️It helps explains why tackling climate change is going to be v v hard. Some say impossible.
The story begins with this building👇
Yes it's the @SphereVegas.
Not just a massive entertainment venue but also the world's biggest screen. By all accounts it's an amazing spectacle both outside and in, where there's also a ginormous wraparound LED screen (also one of the biggest anywhere)
Feb 21 17 tweets 6 min read
🚨How British companies are bolstering Vladimir Putin’s war machine🚨
A depressing thread.
But an important one.
With some pretty shocking charts.
Let’s begin with the “official” picture. It suggests UK trade with Russia has collapsed since Feb 2022. Down by 74%… Image Now let's fill in the data.
Look how we're no longer exporting cars or heavy machinery to Russia. Because the govt is well aware this stuff could be repurposed into weapons. So the official line is that this is a big success story.
Looks like Russia's economy is being starved Image