Nikos Chrysoloras

Beyond hysteresis: resilience in Europe’s labour market The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purch...

"Although they represented only around 9% of the total labour force in 2022, foreign workers have accounted for half of its growth over the past three years". Without them, euro area economic output would have been lower. www.ecb.europa.eu/press/key/da...

4.6 Billion Years On, the Sun Is Having a Moment In the past two years, without much notice, solar power has begun to truly transform the world’s energy system.

The Sun Has Its Moment www.newyorker.com/news/annals-...

The latest version of the Senate's BBB is a death sentence for US energy leadership and a giant gift to China.

It eliminates tax cuts for solar that have been around since 2005, adds a new tax on solar after 2027, and creates a new direct subsidy for coal.

Paris climate target nearer than thought as Earth heats faster All the focus on the 1.5°C and 2°C temperature targets are a distraction, experts say.

Two new studies show the world is nearing — or may have already eclipsed — the Paris Agreement's 1.5°C aspirational target, relative to the pre-industrial era.

EU must propel global climate momentum to fill the gap left by Trump Europe has the potential to play an important role, but it will have to move fast, and be smart and more united than before.

"Accelerating decarbonization is the only structural way to reduce the EU's energy costs and increase energy security"
www.politico.eu/article/eu-g...

Record financing for
• climate action and environmental sustainability,
• energy,
• equity and quasi-equity investment supporting Europe's most promising pioneers,
• and cohesion regions.
These are annual results of the European Investment Bank Group presented today:
www.eib.org/en/press/spe...

Chartbook 347 The trouble with transitioning: putting energy history back on its feet. Carbon notes #19

Perhaps "transition" is not really the right word when we talk about energy. Not just yet at least. open.substack.com/pub/adamtooz...

Opinion | My Last Column: Finding Hope in an Age of Resentment Where have all the good vibes gone?

"While resentment can put bad people in power, in the long run it can’t keep them there. At some point the public will realize that most politicians railing against elites actually are elites in every sense that matters and start to hold them accountable"
www.nytimes.com/2024/12/09/o...

The EIB is financing a Danish innovator developing a proprietary technology platform to combat infectious diseases by precision killing of multi drug resistant bacteria. #AMR
www.eib.org/en/press/all...

Our carbon budget is finite and rapidly dwindling. The only reason that fossil fuels still hang around is that we allow their producers to use this finite resource for free. www.eib.org/en/stories/w...

For example, scenarios currently used by central banks and supervisors do *not* account for the risks stemming from sea level rise and ocean acidification (see page 125 of the technical documentation below) www.ngfs.net/sites/defaul...

Also on the same subject, this report on how economic models predict only a benign level of economic losses at catastrophic levels of global warming was an eye-opener www.finance-watch.org/wp-content/u...

Loading the DICE Against Pensions - Carbon Tracker Initiative Pension funds are risking the retirement savings of millions of people by relying on economic research...

On the same subject this report shows how many pension funds use investment models that predict global warming of 2 to 4.3°C will have only a minimal impact on member portfolios, relying on flawed economic assumptions that damages from climate change will be minimal carbontracker.org/reports/load...

Climate economics has let us down A common argument from climate change minimalists is that its impact on the economy by 2100 will be negligible. They suggest that even if climate change reduces the global GDP by a few percent, the ec...

This post by @andrewdessler.bsky.social on why climate economics has let us down is well worth a read www.theclimatebrink.com/p/climate-ec...