Wednesday, March 3, 2021

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Many things are taking place:

Government policies, economics creating market for carbon capture: Exxon CEO | Reuters

(Reuters) - Improving economics and government policies are creating opportunities for carbon capture and storage, Exxon Mobil Chief Executive Darren Woods said at an energy conference on Tuesday.

Exxon, under pressure from activist investors who want the company to develop more ambitious plans for the energy transition, recently launched a Low Carbon Solutions business to focus on carbon capture and storage.

Publisher: U.S.
Date: 2021-03-02T16:53:46Z
Author: Reuters Staff
Twitter: @Reuters
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Economics, National Security, and the Competition with China - War on the Rocks

Bookended by the global financial crisis and the COVID-19 pandemic over the last 13 years, the world has been presented with a third existential shock that is the defining drama of these early decades of the 21st century: a more truculent and assertive China.

* * *

China will also be paying attention to its own security agendas. At the National People's Congress beginning March 5, it will unveil details of the new 14th Five Year Plan (2021 to 2025), which, for the first time, will have a stand-alone section on national security . Communist Party leaders revealed late last year that the plan would span not just military but also economic, financial, and technological security.

Publisher: War on the Rocks
Date: 2021-03-03T08:45:25 00:00
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Reflect nature's 'true value' in economic policies and decisions, UN chief urges | | UN News

Nations must start weighing up the cost of economic profit against damage to the environment if they are to have a chance at a sustainable future, UN Secretary-General António Guterres said on Tuesday.

The UN chief highlighted that the global economy increased almost fivefold in the past fifty years, but that growth was at a massive cost to the environment.

Up to now, humanity has treated nature as a free commodity. The price is climate change, pollution and mass extinction. It is high time to #MakeNatureCount 🌱, and to go beyond GDP as the only measure of economic success (video via @UNDESA ). pic.twitter.com/v6e5oUdfO9

Publisher: UN News
Date: 2021-03-02T09:10:56-05:00
Twitter: @UN_News_Centre
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Quite a lot has been going on:

Report: Nature needs to be heart of economics - The Columbian

LONDON (AP) — A report commissioned by the British government is urging a radical transformation in the way that countries around the world assess the state of their economies by elevating the natural world as a key element in their economic planning.

The review of the economics of biodiversity by Professor Partha Dasgupta concludes that nature needs to become as valued as traditional gauges of economic wealth, such as profits, in the future.

Publisher: The Columbian
Twitter: @thecolumbian
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Rethinking Economics – IMF F&D

What students today care about hints at what a new economics paradigm might look like. Between 2016 and 2020 we asked 9,032 students in 18 countries, at the very beginning of their introduction to economics course, to name the most pressing problems today's economists should be addressing (see Chart 1).

Their responses are shown above; the size of the font indicates the frequency of the response. The economics students cited inequality, climate change, and unemployment as top issues of concern between 2016 and 2020. A new benchmark model that is increasingly widely taught is already encouraging young people who care about these issues to stick with economics.

Date: 2021-03-01
Twitter: @https://www.imf.org/external/pubs/ft/fandd/2021/03/rethinking-economics-by-samuel-bowles-and-wendy-carlin.htm
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Bloomberg - Are you a robot?
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Berkeley Haas Economist Catherine Wolfram joins US treasury to lead energy & climate change policy

Newswise — Berkeley Haas Professor and Associate Dean Catherine Wolfram  has been named  to President Biden’s treasury department as deputy assistant secretary for climate and energy economics—a new position that reflects the administration’s increased focus on fighting climate change.

She joins Treasury Secretary  Janet Yellen , a professor emerita, and Assoc. Prof.  Adair Morse , appointed deputy assistant secretary of capital access last month, as the third Berkeley Haas woman in the U.S. Department of the Treasury.  

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The Relevance Of The Natural Sciences Methods In Economics

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