Jens van 't Klooster ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ

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Philosophy & Economics, the ESG anthropocene, technocracy and more | โ€œnonprofit finfluencerโ€ | @UvA_AISSR @Politics_UvA | largely defected to @jvtk.bsky.social
I would prefer it if Elon Musk was destroying his site during the work week. This isn't the first time.
@ everyone who went back to twitter
Should Jamie Dimon get a government salary? https://cepr.net/should-jamie-dimon-get-a-government-salary/

Grateful to EJPE asking me to reflect on the 2022 Nobel Memorial Prize.

So, here is my account of the history of the prize, its defunct microprudential vision and lingering climate skepticism in the Economics discipline.

The piece: https://ejpe.org/journal/article/view/745
The thread: https://twitter.com/jvtklooster/status/1655872569537445889

Reflections on the 2022 Nobel Memorial Prize Awarded to Ben Bernanke, Douglas Diamond, and Philip Dybvig | Erasmus Journal for Philosophy and Economics

More creepy stuff
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RT @AnthonyFarnell
A record crushing +31C in Hay River, NWT yesterday and this is just the beginning. An extended heat wave will linger over Canada's north for 10 days or more. It's BY FAR the biggest deviations from normal anywhere on the planet.
https://twitter.com/AnthonyFarnell/status/1654111713740955651
Anthony Farnell on Twitter

โ€œA record crushing +31C in Hay River, NWT yesterday and this is just the beginning. An extended heat wave will linger over Canada's north for 10 days or more. It's BY FAR the biggest deviations from normal anywhere on the planet.โ€

Twitter

Itโ€™s happening
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RT @AssaadRazzouk
Just take a look at the steepness of these trend lines: oil & gas & coal dominance is over

60% renewables and EVs by 2032 (world)
80% by 2040 (latest)
95%+ by 2050

The end of an era is staring us in the face, and not a moment too soon

https://rmi.org/the-energy-transition-in-five-charts-and-not-too-many-numbers/ #climate
https://twitter.com/AssaadRazzouk/status/1654149092904169476

The Energy Transition in Five Charts and Not Too Many Numbers

The energy transition is driven by the exponential growth of renewables, and the key changes will happen by 2030.

RMI
There is also no panel for thinking through better policy instruments: there exist many ways to differentiate interest rates and offset the fossil fuel biases of the current hike.
From the original Green Swan report:
Fossil fuels infrastructure, in contrast, is initially cheap, we know how to build it and the main cost results from volatile, dirty and imported material inputs. High rates favour those dumb investments.
But here is hope: @stephanygj might get the discussion on the real issues going
Then on day 2 we get panels the old story: financial risk and getting banks to hold enough capital to weather their own bad investments.