Amsterdam opened this week the world's first underwater bicycle facility. There is room for 7,000 bike. This is an engineering masterpiece. learn more from Pieter Visser from Gemeente Amsterdam, Video by Dutch Cycling Embassy More info: dutchcycling.nl/knowledge/cycl…

♀️♂️ #Atlantia repubblica.it/economia/2023/…

2019: EU wind and solar overtake coal 2022: EU wind and solar overtake gas Yes, we are at THAT stage of the transition already💪

🌲 *ECB: CSPP REINVESTMENTS TO TAKE ACCOUNT OF CLIMATE PERFORMANCE

🚨New Paper Alert🚨 Understanding Italy's Stagnation 📉🇮🇹 Today is #Eurogroup. In the €, Italy is a puzzle. 1980s: among highest per-hour GDP. Today: long stagnation & problem child of €Zone. We tried to understand why. Here's what we found. 1/n dezernatzukunft.org/understanding-…

What many don’t realize is, on the other side of a ChatGPT session is a $150k server that costs ~$16/hr. The server goes 24hrs/day and can time slice efficiently. But the economics of scale aren’t that different from a human. AI won’t be free like search was, at least not for

🇺🇸 Bottom line: this CPI print is unlikely to change the near-term outlook for the Fed. Powell's 'super core' measures still uncomfortably high (core services ex shelter +0.6% MoM), consistent with another couple of 25bp hikes.

Clock is ticking for the EU to decide whether or not to enter the clean tech subsidy race with the US and China. Is the EU lagging behind in clean tech manufacturing subsidies? Should the EU join the race? 🧵

Deflating bubbles in non-productive assets is good news. This process brings back efficient capital allocation, out of digital lollipops and vintage sneakers and back into the real economy. Central bankers should focus on their inflation mandate.

SVB has - so far - done little to disrupt trends in US bank deposit and loan growth. Small banks saw one week of big outflows (top left), but that outflow is over. Large banks have deposit outflows, but those predate SVB (top right). Loan growth is on its pre-SVB trend (bottom).

Quando avete tempo, possiamo anche discutere del fatto che il Garante NON ha affatto bloccato ChatGPT, né ha mai deciso che in Italia vada bloccata l’intelligenza artificiale né sistemi di LLM come ChatGPT. Discutiamo da tre giorni di una allucinazione collettiva. THREAD 👇🏼

The divide between the Fed and bond traders is getting wider. Fed officials, including St. Louis Fed President Bullard yesterday, say the economy is strong and rates need to go higher. Bonds are rejecting that, with yields on 6-month T-bills falling to the lowest since November.

The Quality of Drinking Water Around the World files.qssupplies.co.uk/world-drinking…

According to the IEA, no new oil and gas projects can be approved if we want to limit warming to less than 1.5C. But countries around the world are still approving hundreds of projects.

Cost of capturing carbon across purity streams, excluding transport and storage.

«Les énigmes de l’art égyptien étaient des énigmes pour les Égyptiens eux-mêmes.» x.com/OnlyBangersEth…

BREAKING: Today Germany’s Talanx, the world’s 20th biggest property & casualty insurer, has adopted a new oil and gas exit policy, demonstrating insurers’ continued momentum away from fossil fuels. A quick 🧵 on the what’s covered, why this is important and who must move next.

Bond markets are in turmoil: In the UK, the BoE has been complacent vs persistent inflation. In the US, investors positioned for a recession and Fed cuts but consumers are strong. In the Eurozone, the ECB is still worried about inflation. The world is not mean-reverting.

AI enthusiasm has spread as 1/5 of the S&P 500 discussed AI in Q1 earnings. There’s clearly FOMO about the potential for generative AI, and the market is likely right that a powerful adoption wave is just underway. We looked for obvious signs of excess but didn't see any yet.

Is the Atlantic Ocean circulation #AMOC approaching a tipping point? This lecture is my take after researching this topic for over 30 years, & receiving the Alfred Wegener Medal of the European Geosciences Union for my research last week. Grab some tea! youtu.be/HX7wAsdSE60?si…