December data signalled an eighth successive monthly decrease in home building across the Eurozone. The contraction was steep overall and, when excluding COVID-19, the sharpest since March 2013. The drop in activity levels at German firms was the sharpest of the three largest eurozone nations and the quickest since February 2012.
Climate Crisis
Euractiv: Netherlands to ban fossil heating from 2026, make heat pumps mandatory
The Netherlands bans new natural gas heating systems, requiring heat pumps, hybrids, or district heating by 2026. Subsidies for installing clean heat accompany the ban. Huge move in a country where gas currently provides 70% […]
Energy
Politico – Spain orders temperature limits for businesses in sweeping energy saving decree
This can only be the beginning. By the way, had Germany not sabotaged Spain’s ambitious renemwable energy programme in the financial crisis, Spain would be in a much better position now. Read Here Photo: Jacques […]
Economics
Robert Hockett: Liquidity Reserves and Commodity Reserves: A Marriage Proposal
Public liquidity reserves (a.k.a. ‘central banks’) must merge operations with public commodity reserves (a.k.a. ‘strategic stockpiles’) now that the world has rediscovered production and more prices than ever need collaring Read Here
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