Global investment in the energy transition climbed to a record $2.3 trillion in 2025, defying fears that the shifting political landscape and economic uncertainty would halt the world’s clean energy progress. Findings from a new BloombergNEF report with a gift link www.bloomberg.com/news/article...

"Single ship load of solar PV – which can ultimately deliver 170 terawatt hours of PV once installed, is now worth 120 coal carries, or 57 LNG tankers"

🚨 NEW RECORD | China exported a RECORD 455 GW equivalent of solar PV products in 2025 – about TWICE the total solar capacity in the US ☀️ 🇨🇳's solar exports in 2025 grew 29% from 354 GW in 2024, with cell exports DOUBLING year-on-year. Explore the data: https://loom.ly/QN9barE

In a newly published paper, we find that in 2025 human emissions of greenhouse gases added around 23 billion trillion joules of heat to the world's oceans – 39 times as much as the annual energy produced by all human activity on Earth. link.springer.com/ar...

What urban areas in the world have the longest existing/under construction metro networks per capita? In a quick analysis using Transit Explorer & EU GHS-UCDB 2024 data, the top urban areas are: 1—Chengdu 2—Hangzhou 3—Ningbo 4—Xuzhou 5—Stockholm 6—Zhengzhou 7—Singapore 8—Xi'an 9—Hamburg 10—Changsha

The latest Duke CFO survey shows that the vast majority of CFOs are seeing no impact from AI on labor productivity, decision-making speed, customer satisfaction, or time spent on high-value-added tasks Torsten at Apollo

China said it has reached a deal with the European Union on exports of Chinese made electric vehicles to the bloc. The EU will be issuing guidelines on minimum pricing for Chinese auto exporters, the Commerce Ministry in Beijing said.

The Organization for Economic Cooperation and Development has finalized a deal exempting U.S. multinational corporations from paying more corporate taxes overseas.

Trump, Rubio & Miller are directing a foreign policy increasingly defined by big apparent violations of international law Govt experts on that law are quitting or feeling silenced: www.huffpost.com/entry/state-... www.huffpost.com/entry/trump-... For US personnel + US influence, huge risks here..

Nice chart

Quite like this. Thinking about how to think about economics of structural transformation where formal models offer little help academic.oup.com/oxrep/articl...

key line here "The requirements are relaxed for advanced chip production lines, where domestically developed equipment is not yet fully available" www.reuters.com/world/china/...

The affordability crisis is an inequality crisis. When prices spike in key sectors, it's not just inflation—it's a massive redistribution shock that hits poor households hardest. In our **new working paper**, we identify the sectors that matter most. A thread 🧵 scholarworks.umass.edu/entities/pub...

Reminder that Beijing isn't all-powerful: ""It's a sensitive area ... But people who get cheap electricity are still mining." www.reuters.com/world/asia-p...

The contrast with China is also interesting. Coal generation is also down so far this year in China, but electricity demand is still growing strongly. robbieandrew.github.io/china/

Harvard's endowment now has almost $443 million invested in BlackRock's Bitcoin ETF

Dani Rodrik in the NYT the other day with a pretty compelling argument about making service sector jobs into good jobs www.nytimes.com/2025/11/10/o...

Its all subjective/positional of course, but this piece accords well with my own sense of the vibe in China right now sinocities.substack.com/p/visiting-c...

This paper shows: the 2022 energy crisis led to record global profits for fossil fuel companies. The US gained the most, with claims on US$301 billion, exceeding its US$267 billion investment in low-carbon energy. Half of profits went to the top1%, mainly through stock ownership

Taiwan says it expects no significant impact from China's new export controls on rare earth minerals, as it uses different rare earths in chip manufacturing (Ben Blanchard/Reuters) Main Link | Techmeme Permalink

The @metoffice.gov.uk use weather station observations to reconstruct changes in UK average temperature since 1884. @copernicusecmwf.bsky.social produce the ERA5 reanalysis which reconstructs global weather every hour back to 1950 using a weather forecast model. Their estimates agree. Just sayin'.

Belgium just flipped the switch on what’s billed as mainland Europe’s largest battery storage project — a big win for grid reliability and renewables. ENGIE + Sungrow Europe have commissioned 100 MW/400 MWh at Vilvoorde (first phase of 200 MW/800 MWh due end-2025). www.ess-news.com/2025/10/01/l...

📢 Pessimistic social media posts may now be targets of a fresh crackdown by the Chinese government.

A fantastic photo essay about photographing the vanishing Third Front factories of China.

China, the world’s largest carbon polluting nation, has announced a new climate fighting goal to cut emissions by 7% to 10% by 2035.

📢 The first treaty to protect marine diversity in international waters will come into force early next year after being ratified by the 60th nation, Morocco. 👉 欢迎告知问题、提出建议

A United Nations Commission of Inquiry concluded that Israel has committed genocide in Gaza and that top Israeli officials, including Prime Minister Benjamin Netanyahu, had incited these acts reut.rs/46nAyvo

China is expected to announce its new NDC by September 24, two sources told Reuters. #ParisAgreement #2035 www.reuters.com/sustainabili...

NEW | China’s clean energy boom and rapid electrification are creating the conditions for a FOSSIL DECLINE at home and abroad⚡ Fossil use in end-use sectors plateaued in 2015--while electricity use grew 65%, becoming central to 🇨🇳’s energy system. https://loom.ly/psjqvhE

Was quoted in this nice SCMP piece on Chinese biotech www.scmp.com/economy/chin...

The Kremlin released a video on Monday of Indian PM Narendra Modi holding hands with Russian President Vladimir Putin, who then joined China's Xi Jinping for what appeared to be a very convivial chat, on the sidelines of the SCO summit in Tianjin.

China's revised Law on the Prevention and Control of Infectious Diseases [传染病防治法] takes effect today. The revision was adopted in April to improve China's legal framework on epidemic response in light of COVID-19. Here's our earlier coverage: newsletter.npcobserver.com/p/april-2025...

#UPDATE The head of the international Red Cross has denounced Israel's plans for a mass evacuation of Gaza City ahead of a military takeover, insisting there was no way it could be done safely.

NEW: The first evidence of a solar take-off in Africa☀️✈️ x33 rise in Algeria solar panel imports in the 12 mths to June 2025, compared to previous 12 mths. x8 in Zambia x7 in Botswana x6 in Sudan x3 in each of Liberia, DRC, Benin, Angola, Ethiopia 🧵

BREAKING: Israeli strikes on Nasser Hospital in Gaza killed at least 15 people, including three journalists, one of whom worked for Reuters, Palestinian health officials said reut.rs/45OFPfr

"in terms of issue attention and framing, the media tends to follow the lead of Congress and the President. The findings also indicate that Republican lawmakers exert greater influence on setting the China agenda in the media"

#Wildfires in Spain have reached record emissions in just one week according to our #CopernicusAtmosphere data. Heatwaves & drought are fueling fires, forcing evacuations & worsening air quality hundreds of km away. 🔥 Read the article for details atmosphere.copernicus.eu/spain-below-...

Only area I've seen AI clearly increasing corporate profitability is online advertising - 'AI' targeted ads do seem to drive more clicks www.techinasia.com/news/tencent...

The adoption of EVs is surging in emerging markets, as affordable Chinese models help drive down prices With rising Chinese EV imports, battery electric cars have reached price parity in Thailand & seen major price drops in Brazil & other markets ➡️ iea.li/4khAEd6

"Perhaps most striking is the Chinese planning system’s reliance on a French-like macro-financial architecture: credit allocation on favourable terms to strategic sectors targeted by the plan and public ownership over systemically important financial institutions"

So you don't have to, I listened to Trump on H20s, Blackwell chips, taking 15%, and some fairly confused and confusing indications of his understanding of what these things are. From his press conference today.

www.theguardian.com/education/20... some thoughts on this to put it into perspective. first of all I don't doubt the problems described are real and solidarity with colleagues who have been harassed or silenced for their research. if you read the report, you'll see that they emailed 469 scholars

Israel claimed responsibility for killing five Al Jazeera staff in Gaza, including Anas al-Sharif, in a strike on their media tent outside al-Shifa Hospital, bringing the total journalists killed to 237 since the war began. 🔴 Follow our LIVE coverage: aje.io/1490et

Key line here "you’ve chosen an institutional set-up where you can’t produce public money" www.newstatesman.com/business/eco...

RBC economists using US census data report that 92% of Canadian exports crossed into US duty free in June as producers file the paperwork needed to assert USMCA compliance. Tariff paid by the remainder will go up as 35% tariff implemented for August. www.rbc.com/en/thought-l...

We're close to a huge moment in the UK car market: Chinese EV firm BYD is about to overtake Tesla

Consumers face an overall average effective tariff rate of 18.3%, a 15.9pp increase from 2024 & the highest since 1934. After consumers & businesses shift spending in reaction to the tariffs, the average tariff rate will be 17.3%, a 14.9pp increase & the highest since 1935 2/10

It cannot be denied: this is a deliberate and coldly-calculated famine, engineered by a technologically-advanced state which knows exactly what it is doing. www.theguardian.com/world/2025/j...

Not sure I agree with the notion of a 'deal' here -- these are broad framework agreements with the details yet to be worked out, and many sticking points papered over in announcements. Could fall apart quickly! www.ft.com/content/50f8...