The floods in Kenya highlight the intersection of climate and debt issues. High debt levels hinder vulnerable countries' ability to respond to crises. Kenya currently spends 25% of government revenue on debt interest payments unctad.org/publication/wo…

How did we miss BRIColage!!

Question for Kate Mackenzie, can we hire @rajakorman to boost our clever titles and subheadings game?
phenomenalworld.org/analysis/new-w…
This is right, Argentina knows how to play the IMF twitter.com/RajaKorman/sta…

Excelente análisis de Kate Mackenzie y Albert Pinto sobre los desequilibrios del sistema financiero internacional.

El poder del $ permite a EEUU proporcionar liquidez en tiempos de crisis a aliados, mientras países en desarrollo no pueden importar productos básicos por escasez de $.

A must-read piece by the brilliant Kate Mackenzie and Albert Pinto.

'We live in a dysfunctional system in which money flows out of the countries that need it most and into the coffers of the wealthiest.'

phenomenalworld.org/analysis/new-w…

When countries run out of money for basic necessities or to pay debts, words like currency devaluation, credit lines, debt rescheduling, & liquidity jump from technocrats to passionate discussions on streets. Ask Argentinians

Kate Mackenzie & I on IMF meetings
phenomenalworld.org/analysis/new-w…

Latest The Polycrisis from Kate Mackenzie and Albert Pinto on the heirachies, interdependencies and workarounds of the global dollar system is very good! phenomenalworld.org/analysis/new-w…

Going into the IMF spring meetings next week, and the 80th Anniversary of Bretton Woods, a lot of ink is going to be spilt on the dollar world order.

Just read this fantastic piece by Mona Ali
phenomenalworld.org/analysis/regim…

Canadians have been hearing lots of politically-motivated misinformation about the relationship between inflation and carbon pricing lately.

But guess what: what actually worsens inflation is... the climate crisis! #cdnpoli (via Kate Mackenzie)
pik-potsdam.de/en/news/latest…

If you think Chinese clean-energy manufacturing costs are an outrage justifying a reordering of global trade, you might be shocked to learn about the cost of oil production in Gulf countries:

Pavlina R Tcherneva Yakov Feygin advait Daniela Gabor Levy Institute Also want to flag this panel w/ Phenomenal World and The Polycrisis last summer. Provided a ton of inspiration for my paper by clarifying “the derisking critique” and where in my view it falls short. Many thanks to Albert Pinto and Kate Mackenzie
phenomenalworld.org/interviews/der…

An excellent book which I highly recommend, as the back cover shows!

A few quick thoughts on Saudi Aramco’s shock announcement that it won’t be lifting its Maximum Sustainable Capacity from 12m barrels/day to 13mb/d:

bloomberg.com/news/articles/…

Yayoi Sekine Dan Lashof David Roberts 27. Ordinary people have no idea how much progress we’ve made. Tell people at parties that in 2022 renewables produced over 47% of Germany’s electricity.

6/ Oil exporters want high prices but interests of oil importing countries is to keep prices stable. China is managing prices by using its strategic petroleum reserves.

Meet the People’s bank of Oil says our panelist Alex Turnbull
syncretica.substack.com/p/the-peoples-…
phenomenalworld.org/interviews/oil…

5/ How does a world with terminally declining oil demand look? Or a more distributed energy system? One which doesn’t rely on the hunter gatherer model of discovering fossil fuel reserves, but instead is centered on farming wind & solar?'
asks Adam Tooze
phenomenalworld.org/interviews/oil…

Climate risk intelligence, climate impact analytics, whatever you want to call it - is booming, but its implications and pitfalls aren't well understood.
I'm moderating a panel of amazing people early next week on this topic; sign up details below.

Fascinating paper on geopolitics and 'critical minerals' mcusercontent.com/4d3c72e64f7160…