Pavements and road crossings

Posted on Leave a commentPosted in Economics, Environment, Politics, Travel

One unfortunate side-effect of my job is seeing all problems through a climate finance lens. See a problem that need fixing, sort-it with a green loan, possibly credit enhanced and securitised for good measure. But there are a few things in life that money(-markets) can’t buy and government has to dip into its pockets and pay for itself. Pavements are one such problem. I spent the first week of January in New Delhi scurrying around the diplomatic enclaves and the chic district of Safdarjung in southern New Delhi. The city has seen massive investment in its sleek new(-ish) metro system. […]

Why are Hong’s two power utilities CLP and HKE building an off-shore LNG regasification plant?

Posted on 2 CommentsPosted in Economics, Environment, Technology

Two weeks ago I experienced the usual level of cognitive dissonance most environmentalists working in Hong Kong get from time-to-time. I spent Thursday at an uplifting conference on green finance organised by the Hong Kong Monetary Authority and the International Capital Market’s Association. Star billing went to the green bonds market, which is starting to really take off with around US$180 billions of issuance, which is around 2% of the value of all bonds issued last year. Hong Kong wants a piece of this – especially the lucrative deals from mainland Chinese banks wanting to raise finance for renewable energy, […]

Train trips in India and China

Posted on Leave a commentPosted in Economics, Environment, Politics, Technology, Travel

Christmas and New Year was spent in India attending a cousin’s wedding and a nephew’s thread ceremony. It’s always fun going back to the country of my birth. I love the food, the music, the great value for money and energy of the place. But It’s also depressing seeing how slowly it changes. India’s stagnation was made even more evident, when six weeks later, I visited the beautiful town of Guilin in Guangxi. Arrivals at Mumbai Airport set the tone. The automated fingerprint check, designed to streamline entry into the country, bureaucratically first demanded two thumbs, then four right fingers, […]

Hangzhou and Disruptive Technology

Posted on 2 CommentsPosted in Economics, History, Technology, Travel

Hangzhou is regarded by many Chinese people as the country’s most beautiful city. Its Xili (West Lake) is garlanded by stunning villas that have inspired artists and poets for centuries. Its delicate pagodas are filled with newlywed couples spooning over the water. The lake’s sub-divided waters are criss-crossed by delicate stone and wooden bridges and garrotted by a 3km grassy causeway. Around it but within the city’s boundaries are lovely restaurants, mountains, many excellent museums, rice fields and tea plantations all easily accessed by bus or bike. It’s always been famous within China and was even briefly capital during the […]

Buddhist economics

Posted on Leave a commentPosted in Economics, Politics

Nice blog by a staffer at Bank of England on ‘Mindfulness economics‘. Small is Beautiful had a disappointing chapter on Buddhist Economics;  Dan Nixon has done a better job than Ernst Schumacher! Also some useful links to Mark Carney’s Tragedy of the Horizon speech and about the how climate catastrophe is viewed by myopic markets the debates on secular stagflation about how to retain the world’s economic mojo when growth rates and interest remain persistently low.