Theks the hush falls over the hush falls over the room. We will start. Our guest today is douglas Congressional Budget Office director. This is his fifth visit to our room. Of the cbo inctor january, two thousand nine and brings an impressive background assignments. His master masters and doctorate in economics are from harvard. Our guest taught at harvard, and was on the staff of the council of economic advisers and the Federal Reserve board and served as the assistant deputy treasury secretary for policy. He was senior fellow in the Economic Studies Program it at bookings. Ritual recitation of mechanical details, as always, we are on the record. Please, no live blogging or tweeting or other means of filing while the breakfast is underway. There is no embargo with the session and, except that our friends at cspan have agreed not to air video of this session until one hour after the breakfast is over to give reporters in the room a chance to file. Finally, if you would like to ask a qu
On off grid and opportunity for. S. Companies. How is power africa leverage dging its resources to protect african workers to have cent work conditions and safety on the job . At this point were not looking at taking equity in the prompts themselves but im not going to rule that out in the future if the right opportunity present themselves especially for the smaller off grid and mike grid activities. But were learning some of the risk is the up Front Development financing. Were trying to listen to the private sector and find out what are the constraints. Were using the existing tools in our tool box and developing new tools. I cant tell you what tools we may have a year from now and consult with congress if we can make the case and their support for it to see if Congress Gives us the authority to do that. In terms of protecting african workers were doing Due Diligence on every partner we work with or developing Due Diligence protocols. These are still in development. Were still sorting
That the Power Africa Team is focused on a number of projects they are trying to push forward. I would expect things are as transparent as possible. There is certainly an entre to say, who are the guys you are talking to . Those are opportunities. The two questions that were directed toward me the competition from china. I do not see it as competition. As and epc contractor, we obviously compete with Chinese Companies and have competed with Chinese Companies. We submitted a bid today for a contract in tanzania. It is tough for us to compete with chinese contractors. We are more expensive at the end of the day. But we also intend to use equipment that is more reliable. You have to pay for that. Overall, at the macro level, i do not see it as competition. Chinese companies and the Chinese Government have done Amazing Things in africa in terms of roads and infrastructure. There is so much to be done that it is not a matter of competition. We have come late to the game in a way. As everybo
In March 2023, the UK signed the Green Economy Framework (the Framework) with Singapore, a hybrid climate-trade agreement that is a first-of-its-kind for the UK. More information and full text of the Framework’s overarching Memorandum of Understanding can be found here.
Yves here. While this article has a lot to recommend it, I have to voice some reservations. The first is that it jumps on the “Biden as FDR” bandwagon, which Lambert debunked yesterday. The second is the New Deal brand expropriation by Green New Deal advocates.
As we’ve stressed repeatedly, the Green New Deal proponents will not acknowledge, let alone promote, far and aways the most important and urgent measures we can take to combat climate change: radical conservation. They aren’t even pushing for some of the measures implemented during the Oil Crisis to discourage fossil fuel use, like setting summer thermometers at 77 degrees to reduce air conditioning use, every other day access to gas stations, and encouraging commuter ride-sharing. These may seem merely symbolic to the level of the challenge, but they send a strong psychological message of needing to change our daily habits to reduce greenhouse gas use. And perhaps most important, if citizens en masse are encouraged o