Transformative visions for green industrial policy in the Global South are, unfortunately, impossible without a redesign of today's international financial architecture (IFA). In a new @cplusc.bsky.social report with @laramerling.bsky.social, we explain... 1/4 climateandcommunity.org/research/gre...

We don't just need conferences, more 'blah blah blah'—we need connected, joined-up action written into the operating system of our multilateral order. My latest, reflecting on #FfD4, on building a multilateralism that's greater than the sum of its parts, from Seville to Belém to Johannesburg. Link ⬇️

Excellent piece in @the-breakdown.bsky.social by @laramerling.bsky.social on reframing the issue of the climate finance gap. Lots I agree with but I still wonder how we can move beyond the status quo in time to avoid climate breakdown www.break-down.org/post/real-co...

Framing climate policy as a finance issue obscures the real stakes. We need to refocus debates on mobilizing real resources, challenging economic orthodoxies, and building a more just financial system. My latest for @the-breakdown.bsky.social www.break-down.org/post/real-co...

Framing climate policy as a finance issue obscures the real stakes. We need to refocus debates on mobilizing real resources, challenging economic orthodoxies, and building a more just financial system. My latest for @the-breakdown.bsky.social www.break-down.org/post/real-co...

"Economics treats a lack of public finance as a natural constraint, obscuring how money is actually created. In reality, the only true constraints lie in the availability of real resources... to meet our needs." - @laramerling.bsky.social, now free to read online www.break-down.org/post/real-co...

Must read.

The Global North talk constantly about the "Finance Gap", but finance for climate is limited by orthodoxy, not reality. @laramerling.bsky.social writes for RIGHT TURN (ISSUE #1)

“it’s baffling to argue China’s success in building out critical infrastructure is simply a result of a combination of power abuses and the absence of regulations and “debating with judges.”” It is indeed. Great review.

A book with just the right ambition to provide a vision for a different future that yet misses the moment. My review of Abundance for Foreign Policy.

Had a great time launching Issue I of @the-breakdown.bsky.social last night with the exceptional @geoffmann.bsky.social and Quinn Slobodian. Thanks to everyone who turned out, asked great questions and supported new climate writing. Issue I here: www.break-down.org/issues/1

Health is not just human capital or a byproduct of economic growth—it's a fundamental human right. Today I share insights from our WHO Council on Health For All at G20 Health Working Group on why health spending is an investment in economic resilience. Final report ➡️ www.who.int/publications...

Issue 1 is HERE! 📖 Our first print issue launches on May 7 - join us for a LIVE podcast & party 🎉 Join @adriennebuller.bsky.social, @geoffmann.bsky.social & @quinnslobodian.com to discuss RIGHT TURN — on the afterlives of neoliberalism & climate politics in the age of the new right...

📢 In DC for the Spring Meetings? Join us for an event on real economy approaches to financing sustainable development and climate action. 🗓️ April 24 | 🕐 1–4 PM | 📍 ActionAid USA 🍽️ Light lunch provided 🧭 Organized by the G-24 and IDEAs 🔗 Registration info in comments #SDGs #ClimateFinance

Very excited to share that we've put together our first print issue of @the-breakdown.bsky.social feat. some incredible contributors 🥲 Join us 7 May in London where I'll be in conversation w/the excellent @quinnslobodian.com and @geoffmann.bsky.social Tix @ the link

📢 In DC for the Spring Meetings? Join us for an event on real economy approaches to financing sustainable development and climate action. 🗓️ April 24 | 🕐 1–4 PM | 📍 ActionAid USA 🍽️ Light lunch provided 🧭 Organized by the G-24 and IDEAs 🔗 Registration info in comments #SDGs #ClimateFinance

Interest spending ⬆️ because central banks ⬆️ rates. OECD countries mostly get to create their own conditions. Higher rates resulting in more government $ going toward interest simply illustrates another consequence of a blunt & ineffective approach to monetary policy www.ft.com/content/d69a...

Interest spending ⬆️ because central banks ⬆️ rates. OECD countries mostly get to create their own conditions. Higher rates resulting in more government $ going toward interest simply illustrates another consequence of a blunt & ineffective approach to monetary policy www.ft.com/content/d69a...

There was always an alternative to austerity and austerity was always a choice

"Climate change cannot be addressed as a siloed policy area. Questions of mining & energy, finance & development, migration & tech, cannot be separated out from the vast changes occurring in the world’s climate. No crisis is an island" @polycrisis.bsky.social www.phenomenalworld.org/analysis/pol...

What does Trump 2.0 mean for 2025? Will tariffs escalate even further? Will sanctions impact $ dominance? Can the South successfully challenge a multilateral system long dominated by the North? @katemac.bsky.social and I break down these questions: www.phenomenalworld.org/analysis/ame...

I keep thinking about this (of course). The post poses a question - not the one asked explicitly, but: at what point might climate change make those with power care enough to do something about it?

What does Trump 2.0 mean for 2025? Will tariffs escalate even further? Will sanctions impact $ dominance? Can the South successfully challenge a multilateral system long dominated by the North? @katemac.bsky.social and I break down these questions: www.phenomenalworld.org/analysis/ame...

America First...and now America alone. @katemac.bsky.social @laramerling.bsky.social take stock phenomenalworld.org/analysis/ame...

This piece by @katemac.bsky.social and @laramerling.bsky.social is worth a read. Full of interesting information. "Today over half the global economy is subject to some sort of US sanction." www.phenomenalworld.org/analysis/ame...

@katemac.bsky.social @laramerling.bsky.social look at persistence of an America First stance through Clinton-bush-obama-trump biden buttondown.com/polycrisisdi...

Global South countries will witness evermore uncertainty in exchange rates and capital flows. Important to put in place capital flow regulations to stem the time—the lack thereof has already done too much damage since 2020 and worst could be yet to come

Christmas has arrived early for the debt community with the release of the World Bank International Debt Report 2024 🎅 After a quick scan (still have to go through the data), two things caught my attention 🧵 www.worldbank.org/en/programs/....

Africa Group and CSO reps reject paltry offer from developed countries of $250 bn in public climate finance by 2035, as too little, too long (of a timeframe), and having no clear ‘quality’ guardrails #COP29 #NCQG Via @theguardian.com live blog: www.theguardian.com/environment/...

If green industrial policy doesn’t speak to people’s needs, it’s doomed to fail as a political project in a time of the rise of the far right. Great G20 side event in Rio @phenomenalworld.bsky.social @cebrapazbr.bsky.social @lauraabcarvalho @pedrolrossi.bsky.social

US set to forgive US$ 4.5 billion in loans to Ukraine. To place this figure in context, it’s equivalent to 4.5 times the debt forgiven to 31 countries through the IMF CCRT between 2020 and 2022 (US$ 967 million). Debt relief has always been a matter of political will. www.reuters.com/world/biden-...

Richard Kozul-Wright lays out the global political economy of the transition. Issues go deeper than the q of climate finance - "effective governance of the int financial & trade systems is essential to ensure climate & development goals are mutually reinforcing." www.soas.ac.uk/sites/defaul...

This is a great piece that touches on these issues and more: jwmason.org/slackwire/ch...

I'm a big fan of denominators and I'm glad another graphic was included in this piece It shows that the article's thesis that "China is upending climate politics because it emits too much" falls apart because China's emissions per capita are very low.

At #COP29, rich countries are pointing the finger at China to shift the debate away from failing to own up to their responsibilities and paying what they owe developing countries. @kevinpgallagher.bsky.social points out China is already a leader on climate finance www.scmp.com/opinion/chin...

Centrists say Biden admin did a great job w the economy, but working class voters only cared about culture. Fascinating. Because the facts… do not line up. PEOPLE ARE HURTING The collapse of covid benefits was especially savage. Lets have a look, courtesy of @stephensemler.bsky.social charts

When ppl try to tell Brett Christophers “markets” really are delivering the clean energy transition. www.economist.com/china/2024/1...

It's not surprising that debt and IMF mandated austerity have seriously hindered climate action in Argentina, but it's very helpful to have data points that make the link crystal clear. There continues to be no route to climate justice that doesn't run through debt cancellation and IFI reform

I've long wanted to push public sector research in a instrumental direction: connecting critical policy roles to specific investment formation needs. Excited to present this @cmmonwealth.bsky.social & @publicenterprise.bsky.social concept brief doing just that! www.common-wealth.org/publications...

For a readout on #COP29 aka "the finance COP", check out the latest @thepolycrisis.bsky.social dispatch from @70sbachchan.bsky.social, @katemac.bsky.social, and a guest contribution from myself! Find the latest update here subscribe for future updates: buttondown.com/polycrisisdi...

In this starter pack nothing less than already 70 profiles on political economy and ecology (x2 compared to this morning). Let’s make it 150! go.bsky.app/KDmSHCZ

Made what I believe to be the first "Macroeconomics and Finance" starter pack! Do send me recommendations or requests to join. It's a broad umbrella - so not just for economists! Practitioners, industry, and adjacent policy folks are all welcome. go.bsky.app/PF8LBMv

Here is a preliminary, still rudimentary starter pack on sovereign debt—very much open to any suggestions you may have for expanding it!

Rich countries met $100bn climate-finance goal by ‘relabelling existing aid’ | @joshgabbatiss.bsky.social #CBarchive Read here ➡️ https://buff.ly/3YK6Rkt

Debt relief needs to be part of the conversation on climate finance. Otherwise, for many countries seeking an IMF loan is the only option for relief. The risk: an IMF-led energy transition through "green" structural adjustment programs www.phenomenalworld.org/analysis/gre...

This! #COP29

Rich countries get insurance based on damage assessment; poor countries get "parametric triggers". If I had a dollar for every time I've heard a finance person say that parametric insurance is a climate solution, I could cover their (mostly wasted) premiums. www.bloomberg.com/features/202...

Sustainable development cannot happen without sustainable finance. Our latest piece in the Bretton Woods Project’s Autumn Observer explains why #LocalCurrency financing is crucial for achieving this. 👇 www.brettonwoodsproject.org/2024/10/sust...

Debt relief needs to be part of the conversation on climate finance. Otherwise, for many countries seeking an IMF loan is the only option for relief. The risk: an IMF-led energy transition through "green" structural adjustment programs www.phenomenalworld.org/analysis/gre...