We are now entering phase 2 of the New Keynesian policy folly.
Phase 1 – was the rising interest rates to fight an inflation that was not interest-rate sensitive.
Phase 2 – run policy so tight that recession is inevitable.
Climate Crisis
DeSmog UK: Bulgarian Coal-Fired Power Plant May be Under-Reporting Its Greenhouse Gas Emissions, Investigation Finds
A popular way of reducing CO2 emissions in the endemically corrupt EU. A major power plant has avoided paying around €30 million under Europe’s Emissions Trading System by reporting less pollution than is likely. Read […]
Climate Crisis
Global Energy Monitor: Coal mine methane emissions exceed those from oil or gas
The world’s coal mines emit 52.3 million tonnes of methane per year, according to a new report by Global Energy Monitor (GEM), which is greater than annual emissions from oil (39 million tonnes) or gas […]
Aviation
Reuters: French lawmakers approve a ban on short domestic flights
French lawmakers voted late on Saturday to abolish domestic flights on routes than can be covered by train in under two-and-a-half hours, as the government seeks to lower carbon emissions even as the air travel […]
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