Thanks so much, Basak!

I finally got around to reading @jonasmeckling.bsky.social's Nature article "The geoeconomic turn in decarbonization" and it is a must read!
www.nature.com/articles/s41...

Existential Politics A new way to tackle the real politics of climate change through asset revaluation

Today is the day!!! Existential Politics is out in the world!

Read about why we’re doing climate policy wrong (too focused on measuring emissions) & what we should do instead (focus on $$ to constrain fossil asset owners & expand green asset owners). Just in time for #COP30.

Congratulations, Jess! Such an important book

What the geoeconomic turn in decarbonization means for policymakers For he majority of its history, decarbonization policy focused on distributing the burden of climate change mitigation. Recently, however, decarbonization has a competitive turn, BESI Climate lead…

In a recent @nature.com perspective article, @ucberkeleyofficial.bsky.social professor @jonasmeckling.bsky.social traces the rise of geoeconomic competition in decarbonization policy and spells out its implications for policymakers. besi.berkeley.edu/what-the-geo...

Excellent article by @jonasmeckling.bsky.social in @nature.com. A rich and insightful analysis the double-edged sword of the geoeconomics in green industrial policymaking spanning the galvanizing effects of global competition, to the risks of conflict and the sludge of higher input costs. 🙌🌍🌳

Roosevelt Events

ICYMI: Join me and industrial policy guru @toddntucker.com of the @rooseveltinstitute.org to talk about my new book! Next week! Deets below 👇

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The geoeconomic turn in decarbonization - Nature The rise of green industrial policy is transforming decarbonization efforts; the implications for policymaking and global spillovers are discussed, as well as research needs.

The geoeconomic turn is here to stay.
How we design green industrial policy will decide whether it drives or derails global decarbonization.

Read the full article here 👇
www.nature.com/articles/s41...

The big question: Will geoeconomic competition accelerate decarbonization—or fracture it?
That depends on:
- Keeping GIP green
- Avoiding public backlash
- Embedding competition in cooperation

Global spillovers:

✅ Positive: race to the top → faster innovation, cheaper tech, deeper climate cooperation.
❌ Negative: trade barriers, higher costs, geopolitical conflict, growing divides.

👉 Fig. 3 shows the growing use of trade-related instruments.

But design matters:
Open-economy vs. closed-economy GIP
Institutions & fiscal capacity determine success.

Policymakers mention strategic competitiveness and climate mitigation most often as goals for GIP

EVs & batteries = biggest focus

Green industrial policy (GIP) has exploded worldwide.
By 2023:
China, EU & US = 60% of all GIP measures

Why the shift?
1️⃣ Plunging costs of clean tech
2️⃣ China’s dominance in supply chains
3️⃣ New political coalitions linking climate, business & security

Together, these drivers created a geoeconomic turn.

Geoeconomic competition for the benefits of decarbonization has emerged alongside international cooperation on cost-sharing.

🌍 New in @nature.com: The geoeconomic turn in decarbonization, with data from Simon Evenett et al. and @industrialpolicy.bsky.social @ucberkeleyofficial.bsky.social @natureatcal.bsky.social www.nature.com/articles/s41... 🧵

Research: pressure for short-term profits jeopardizes climate investment | Institute for Business in Global Society A new study shows there is often a direct connection between the need for short-term profits and opposition to climate regulation.

Short-term profit motives have historically led companies to oppose climate reforms, according to new research co-authored by @jonasmeckling.bsky.social. Still, it's unclear whether this influenced recent cutbacks to climate provisions passed by Congress. Read more:

How central banks manage climate and energy transition risks - Nature Energy Central banks vary substantially in the extent to which they re-risk stranded asset and physical climate risks and de-risk clean energy investments. Their actions are associated with climate politics ...

Link to research article: www.nature.com/articles/s41...

Central Bankers Bow to Political Winds When It Comes to Climate, Study Shows Central bank independence is about more than just interest rates.

@bloomberg.com on our recent research on central banks and climate risk www.bloomberg.com/news/article...

Article title and abstract

Our article “The Institutional Sources of Economic Transformation: Explaining Variation in Energy Transitions” is now forthcoming from @thejop.bsky.social. Many thanks to so many colleagues for their helpful feedback! #Polisky #ClimateChange

www.journals.uchicago.edu/doi/epdf/10....

Out in @natureenergy.bsky.social, with Esther Shears and Jared Finnegan www.nature.com/articles/s41...