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" ... As Europe seeks to recover from coronavirus, the promises made on a green recovery need to be borne out with new policies and major zero-carbon investments. The latest European Union coronavirus recovery package, combined with its new long-term budget, amounts to €1.8 trillion, 30% of which has been ringfenced to fight climate change. We should start to see the fruits of this labour over the coming months, especially as we turn the tide on the virus. ... "
" ... In many ways, we are talking about very differing visions of economic equilibrium: an economic nation-state based vision of job supply and domestic dollars propped up and ringfenced by governments for its citizens that is distinctly mired in the 20th century, and filled with its wrong incentives and measurements — or an independent, novel perspective that rests on a worldwide set of nodes, much more akin to the networked 21st century. Jerome Powell’s speech shows cryptocurrency adherents once again that their eternal refrain on the current monetary system being one of fiat is true — and that the thoughts of the few can change quite rapidly and suddenly in ways that a network of many might not. ... "
" ... Some London boroughs have recently dismantled their “experimental” LTNs while others could expand theirs by applying to TfL for a share of the ringfenced £100 million stipulated by central government. ... "
" ... “Intertwined politics and industry hurt Germany,” Dudenhöffer told me. “Ms. Merkel ringfenced the German auto industry, and it didn’t do it a favor. German laws and regulators are solely aimed at protecting the industry. This had to go wrong.” ... "