10 out of 13 grants awarded for domestic Heat Pump manufacturing (the IRA’s Heat Pump Defense Production Act Program) are also listed. 🔌⚡

Awards for Gradient, Mitsubishi, and York International appear to be safe.

For 2 years of Israel’s genocide in Gaza, not one Palestinian voice has been featured on NBC, ABC or CNN’s Sunday shows.

@ahjohnson.bsky.social writes about how the U.S. media has debated Palestinians’ annihilation without letting a single Palestinian speak.

inthesetimes.com/article/gaza...

China's central bank targeted lending facilities as part of industrial policy
www.cepweb.org/wp-content/u...

Good background here from @tracyalloway.bsky.social and @weisenthal.bsky.social about why tech and AI companies are backing away from net zero commitments: there is no way to build Machine God quickly without natural gas.
podcasts.apple.com/us/podcast/j...

"At its peak, the RFC’s balance sheet dwarfed the combined balance sheets of Wall Street banks... By 1934, the RFC held voting rights in thousands of American firms and was the single largest investor in the country"

Using reasonable assumptions, "a $10 billion housing construction fund could generate somewhere in the order of 300,000 units by
leveraging $40 billion in private capital. A $50 billion housing construction fund could generate more than 1.5 million units."
publicenterprise.org/wp-content/u...

The first point is an underrated reason for global south countries to scale renewables: by reducing fossil fuel imports dependence, their balances of payments improve, improve FX reserves, reduce inflationary pressures from energy imports and FX pressure. A virtuous cycle for further development.

Trump kills EV tax credits > reduces EV demand > Ford EV business struggles > delays in the JV battery plant > $140mm electrolyte plant in Tennessee is now cancelled
www.kedglobal.com/batteries/ne...

"China’s model relies on 'a lot of state power, a lot of consumer power, but not very much financial investor benefit'"
www.bloomberg.com/news/article...

Through GuarantCo's partial credit guarantee (65%) of a green bond issuance by a renewable energy developer, the bond credit rating increased four notches to AA+
guarantco.com/news/indias-...

"the largest banks in aggregate reported more fees from green deals than fossil fuel deals. In other words, the banks that 'bet' on the low-carbon transition netted more fees (USD613mn) from it than the banks that bet against it (USD544mn)."
anthropocenefii.org/blog/the-box...

"Argentina has also long struggled to generate the foreign exchange needed to rebuild reserves and repay external debts ...a strong peso — intended to be an inflation anchor — has led to a deterioration in Argentina’s trade accounts and an erosion of Argentina’s reserves."
www.ft.com/content/5f4b...

"It’s a simple recipe, really: a scorching economic message delivered by political outsiders standing up to the powerful. The villains in this narrative are the elites at the top of a broken system ... Going back to a Bernie-2016-style campaign"
www.nytimes.com/2025/09/29/o...

TPG, the IFC, Gates and Bono trying doing well by doing good in healthcare. You won't believe what happened next.

A really good read: analyzing the different sides of Bidenomics, what worked well, and presenting a vision forward.

Many good insights: "the capital stock and the capital stack of the economy largely define what jobs there are, and the kinds of goods and services that can be made and how."

Eye of Sauron pivots from Brasilia to Seoul

*TRUMP: SEEMS LIKE A PURGE OR REVOLUTION GOING ON IN S. KOREA
*TRUMP ON S. KOREA: WE CAN’T HAVE THAT AND DO BUSINESS THERE

Africa Is Buying a Record Number of Chinese #SolarPanels - www.wired.com/story/africa... "Chad has imported enough solar panels to replace their country’s entire current power generation capacity." amazingly good news #renewables

Who is against building solar and wind energy?
www.pewresearch.org/science/2024...
www.mcgrawcenter.org/stories/acro...

Several interesting remarks from banking professionals in this workshop on how banks actually engage with their clients on net zero.

It was under chatham house rule but I'm sure @ilmi.bsky.social was nodding emphatically on the 2nd point 😅
ccsi.columbia.edu/content/reth...

Very interesting conversation, many insightful remarks.
"insurance is behaving as the adaptation policymaker of last resort."
"Actors in the financial industry who are doing adaptation 'correctly' are basically speculators sucking us dry."

Crazy there's not even a mention to Gaza or Israel on Samantha Power's exit interview with CFR.

In the FP interview, this is her answer to the question: "you wrote in your book 'my only regret is that I don't work at the State Department, so I can quit to protest policy.' So why didn't you quit?"

Housing experience in Korea includes massive supply of multi-family apartments but housing affordability is still an intractable issue. Likely better than many counterfactuals. Unclear if supply is enough to meet demand. Would be good to include Korea when comparing against US, Vienna, New Zealand.

BYD gross margin is around 20% while Tesla is 16-17%
cleantechnica.com/2025/07/14/t...

RE developers fear that retroactive changes to above-market feed-in tariffs in Vietnam will "restrict the developers’ cash flow, delayed maintenance, missed loan obligations or even bankruptcies". They are planning to "take legal action against the utility, including international arbitration"