How to revive Chinese consumer demand?
It isn't hard. A more progressive tax system (take less). More social benefits, especially for health. And have the central government fund it out its own balance sheet (central gov debt is low)
1/2
How to revive Chinese consumer demand?
It isn't hard. A more progressive tax system (take less). More social benefits, especially for health. And have the central government fund it out its own balance sheet (central gov debt is low)
1/2
"My concern is that when we use phrases like 'realism' & 'pragmatism', what it means to many people is: 'we just need to move more slowly with the clean energy transition,'" CGEP founder @JasonBordoff tells @CNBC correspondent @dan_murphy.
▶️ Watch now: cnbc.com/video/2024/04/…
Everyone (rightly) concerned about the return of rising electricity demand should pay close attention to reconductoring - a wonky but consequential way to get WAY more out of our electric grid. A 🧵
1/12
@ENERGY@SecGranholm@JigarShahDC These moves will result in more projects like the reconductoring of 240 miles of transmission in Lower Rio Grande Valley, which was finished w/in 3 years, increased capacity by 40%, and was done while keeping the line energized, saving ~$43M.
10/12
prnewswire.com/news-releases/…
@ENERGY@SecGranholm@JigarShahDC Maybe the most exciting solution is advanced reconductoring, which is a fancy way of saying replacing old wires with new lines made of modern materials that can carry more than twice as much electricity. Same towers. Same rights-of-way. Twice the power.
5/12
This point is also important, and reflects sound policy design:
“If the chip market softens, some plants could get postponed, but the disbursement of grants is tied to progress in bringing fabs online.” ft.com/content/267561…
This from @crmiller1 is important:
To assess progress of CHIPs program, focus less on editorial commentary about barrier this, barrier that…and more on hard dollars.
Private chip-related investment in the US is way outpacing expectations. ft.com/content/267561…
The right U.S. response to China’s policies is to build an international coalition, starting with harmonized tariffs on Chinese exports—in areas of overcapacity and in some cases could reflect the carbon content of products.
washingtonpost.com/opinions/2024/…
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