Anderson Lee
@andersonlee.bsky.social
Sustainable Finance at WRI Finance.
Interested in Climate Change, Politics, Economics, Finance, Foreign Policy. Still learning. Views my own. 🇺🇸🇧🇷🇰🇷
Interested in Climate Change, Politics, Economics, Finance, Foreign Policy. Still learning. Views my own. 🇺🇸🇧🇷🇰🇷
"Because of increasing insurance costs, what a homeowner might have thought was a fixed 30-year mortgage on a house that increases in value is turning into an adjustable-rate obligation covering an asset that might not find a buyer at the price the homeowner believes is fair."
New research shows climate risk is already hitting insurance and home values. And that’s only part of the story. Some serious hazards, like saltwater intrusion, often aren’t covered at all -- and aren’t yet priced into housing markets. Column today: susanpcrawford.substack.com/p/new-data-s...
New data shows insurance costs rising and home values sinking as climate risks grow
Insurance markets are flashing warnings — even as some major climate risks remain unmeasured and unaccounted for
susanpcrawford.substack.com
November 27, 2025 at 5:10 PM
"Because of increasing insurance costs, what a homeowner might have thought was a fixed 30-year mortgage on a house that increases in value is turning into an adjustable-rate obligation covering an asset that might not find a buyer at the price the homeowner believes is fair."
"We show that rising insurance premiums, driven by changing reinsurance prices that reflect increasing catastrophic risk, are being capitalized into house prices, and may further reduce demand for properties exposed to increasing disaster risk."
Philip Mulder and I are excited to share a major update to our working paper, "Property Insurance and Disaster Risk: New Evidence from Mortgage Escrow Data," with NYT coverage and making our data publicly available!
www.nber.org/papers/w32579
(1/n)
www.nber.org/papers/w32579
(1/n)
Property Insurance and Disaster Risk: New Evidence from Mortgage Escrow Data
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
www.nber.org
November 27, 2025 at 5:03 PM
"We show that rising insurance premiums, driven by changing reinsurance prices that reflect increasing catastrophic risk, are being capitalized into house prices, and may further reduce demand for properties exposed to increasing disaster risk."
"While US policy has effectively shut out Chinese vehicles from US market, the rest of the world is becoming more integrated with Chinese value chains. This could potentially leave the US auto industry more isolated and less competitive if no strategy is adopted to adapt."
November 27, 2025 at 5:11 AM
"While US policy has effectively shut out Chinese vehicles from US market, the rest of the world is becoming more integrated with Chinese value chains. This could potentially leave the US auto industry more isolated and less competitive if no strategy is adopted to adapt."
Reposted by Anderson Lee
Germany’s steel industry is facing an “existential crisis”, Chancellor Merz warned, as he signalled a shift toward greater economic self-reliance in Europe.
Soaring energy prices made German steel increasingly uncompetitive compared with imports.
➡️ https://l.euronews.com/Mv19
Soaring energy prices made German steel increasingly uncompetitive compared with imports.
➡️ https://l.euronews.com/Mv19
November 7, 2025 at 11:51 AM
Germany’s steel industry is facing an “existential crisis”, Chancellor Merz warned, as he signalled a shift toward greater economic self-reliance in Europe.
Soaring energy prices made German steel increasingly uncompetitive compared with imports.
➡️ https://l.euronews.com/Mv19
Soaring energy prices made German steel increasingly uncompetitive compared with imports.
➡️ https://l.euronews.com/Mv19
Sneak peek on EU CBAM steel benchmarks (tCO2 per tonne):
BF/BOF: 1.530
DRI/EAF: 1.033
scrap-based EAF: 0.288
www.fastmarkets.com/insights/lea...
BF/BOF: 1.530
DRI/EAF: 1.033
scrap-based EAF: 0.288
www.fastmarkets.com/insights/lea...
Leaked CBAM provisional benchmarks largely in line with market expectations for aluminium and steel
A leaked draft document from the EU Commission seen by Fastmarkets on Monday November 17 outlines provisional benchmark rates that could be coming under the EU’s forthcoming Carbon Border Adjustment M...
www.fastmarkets.com
November 27, 2025 at 12:04 AM
Sneak peek on EU CBAM steel benchmarks (tCO2 per tonne):
BF/BOF: 1.530
DRI/EAF: 1.033
scrap-based EAF: 0.288
www.fastmarkets.com/insights/lea...
BF/BOF: 1.530
DRI/EAF: 1.033
scrap-based EAF: 0.288
www.fastmarkets.com/insights/lea...
These two pieces (essay from @newlefteviews.bsky.social and conversation/debate from @danielagabor.bsky.social pushing back some orthodoxy from Haldane with clarifications) pair really well together on central banks and their "independence"
jacobin.com/2025/08/cent...
www.lrb.co.uk/podcasts-and...
jacobin.com/2025/08/cent...
www.lrb.co.uk/podcasts-and...
Podcast: Daniela Gabor, Andrew Haldane and James Butler · On Politics: Do bond markets and the Bank of England run Britain?
www.lrb.co.uk
November 26, 2025 at 3:51 PM
These two pieces (essay from @newlefteviews.bsky.social and conversation/debate from @danielagabor.bsky.social pushing back some orthodoxy from Haldane with clarifications) pair really well together on central banks and their "independence"
jacobin.com/2025/08/cent...
www.lrb.co.uk/podcasts-and...
jacobin.com/2025/08/cent...
www.lrb.co.uk/podcasts-and...
Reposted by Anderson Lee
We warned you that self-driving cars would just create self-driving traffic jams, and here they are.
The car industry has no solution to the shortage of space in cities. Public transit, cycling, and walking are all part of the answer, but cars are not.
The car industry has no solution to the shortage of space in cities. Public transit, cycling, and walking are all part of the answer, but cars are not.
Waymo privatized another public street:
Chanel approaching 4th, San Francisco
Possibly queued for a Billie Eilish show at Chase Center ~half mile away.
The light rail train on 4th seen passing in front of this roboherd has more passenger capacity than all of them combined.
OP: .tiktok.renaspam18
Chanel approaching 4th, San Francisco
Possibly queued for a Billie Eilish show at Chase Center ~half mile away.
The light rail train on 4th seen passing in front of this roboherd has more passenger capacity than all of them combined.
OP: .tiktok.renaspam18
November 25, 2025 at 1:07 AM
We warned you that self-driving cars would just create self-driving traffic jams, and here they are.
The car industry has no solution to the shortage of space in cities. Public transit, cycling, and walking are all part of the answer, but cars are not.
The car industry has no solution to the shortage of space in cities. Public transit, cycling, and walking are all part of the answer, but cars are not.
Reposted by Anderson Lee
Global steel capacity is forecast to exceed demand by 38 per cent.
UK Steel: "It is clear that free trade in the steel industry is dead. Governments are being forced to protect their industries by China’s market-distorting subsidies and colossal overproduction."
www.ft.com/content/768a...
UK Steel: "It is clear that free trade in the steel industry is dead. Governments are being forced to protect their industries by China’s market-distorting subsidies and colossal overproduction."
www.ft.com/content/768a...
Western allies seek to forge joint defence against cheap Chinese steel
‘Heightened sense of urgency’ as global steel production capacity to exceed demand by 38% by 2027
www.ft.com
November 23, 2025 at 11:11 PM
Global steel capacity is forecast to exceed demand by 38 per cent.
UK Steel: "It is clear that free trade in the steel industry is dead. Governments are being forced to protect their industries by China’s market-distorting subsidies and colossal overproduction."
www.ft.com/content/768a...
UK Steel: "It is clear that free trade in the steel industry is dead. Governments are being forced to protect their industries by China’s market-distorting subsidies and colossal overproduction."
www.ft.com/content/768a...
“The 2008 crisis proved that the idea of central bank independence was at least partially a myth. When push came to shove, states and central banks would work in a coordinated fashion to ensure the stability of the financial system.”
Re: Trump v Fed: Some (very hastily written and heavily edited) reflections on the nature of central bank–government interdependence in the era of crisis and how financial- not fiscal dominance is what should be keeping us up at night. Also Powell is Thomas Becket.
jacobin.com/2025/08/cent...
jacobin.com/2025/08/cent...
November 23, 2025 at 4:39 AM
“The 2008 crisis proved that the idea of central bank independence was at least partially a myth. When push came to shove, states and central banks would work in a coordinated fashion to ensure the stability of the financial system.”
Reposted by Anderson Lee
Glad Mike is posting FMS here, it's a great way to gauge consensus, which is very important for setting prices. It's also funny how hard it diverges from objective measurements though. (Check alt text for explanations)
November 18, 2025 at 11:18 AM
Glad Mike is posting FMS here, it's a great way to gauge consensus, which is very important for setting prices. It's also funny how hard it diverges from objective measurements though. (Check alt text for explanations)
Reposted by Anderson Lee
When states like Colorado passed policies requiring employers to disclose salary information in job postings, what happened?
It increased competition, and raised wages, without harming employment or changing skill requirements.
Improved functioning of markets, helped workers.
It increased competition, and raised wages, without harming employment or changing skill requirements.
Improved functioning of markets, helped workers.
November 17, 2025 at 4:41 PM
When states like Colorado passed policies requiring employers to disclose salary information in job postings, what happened?
It increased competition, and raised wages, without harming employment or changing skill requirements.
Improved functioning of markets, helped workers.
It increased competition, and raised wages, without harming employment or changing skill requirements.
Improved functioning of markets, helped workers.
A very insightful analysis (more reports would benefit in having T-account mapping!).
And highly recommend pairing it with the Odd Lots episode on AI being multiple bubbles into one.
And highly recommend pairing it with the Odd Lots episode on AI being multiple bubbles into one.
November 17, 2025 at 5:10 PM
A very insightful analysis (more reports would benefit in having T-account mapping!).
And highly recommend pairing it with the Odd Lots episode on AI being multiple bubbles into one.
And highly recommend pairing it with the Odd Lots episode on AI being multiple bubbles into one.
Reposted by Anderson Lee
The problem from their point of view is that rapid decarbonization requires public, collective decisions about the organization of production, in a way that threaten capital-owners' authority over both the production process and the political system.
November 10, 2025 at 4:20 PM
The problem from their point of view is that rapid decarbonization requires public, collective decisions about the organization of production, in a way that threaten capital-owners' authority over both the production process and the political system.
Reposted by Anderson Lee
This IMF paper finds that during and after the 2022 global inflation surge - largely driven by supply shocks - inflation outcomes in inflation-targeting countries were no better than in non-targeting countries, despite the former implementing more aggressive interest rate hikes.
November 4, 2025 at 7:44 AM
This IMF paper finds that during and after the 2022 global inflation surge - largely driven by supply shocks - inflation outcomes in inflation-targeting countries were no better than in non-targeting countries, despite the former implementing more aggressive interest rate hikes.
Reposted by Anderson Lee
BREAKING: The #StateOfClimateAction 2025 finds the world is failing to act fast enough to combat the climate crisis and secure a livable future, with no indicators of global climate action currently on track for 2030. 🌏🌡️
Read the report to learn more: bit.ly/4o6hPwm
Read the report to learn more: bit.ly/4o6hPwm
October 22, 2025 at 12:03 PM
BREAKING: The #StateOfClimateAction 2025 finds the world is failing to act fast enough to combat the climate crisis and secure a livable future, with no indicators of global climate action currently on track for 2030. 🌏🌡️
Read the report to learn more: bit.ly/4o6hPwm
Read the report to learn more: bit.ly/4o6hPwm
Interesting dataset of RE cost of capital across the world
www.nature.com/articles/s41...
www.nature.com/articles/s41...
October 10, 2025 at 3:52 PM
Interesting dataset of RE cost of capital across the world
www.nature.com/articles/s41...
www.nature.com/articles/s41...
Reposted by Anderson Lee
10 out of 13 grants awarded for domestic Heat Pump manufacturing (the IRA’s Heat Pump Defense Production Act Program) are also listed. 🔌⚡
Awards for Gradient, Mitsubishi, and York International appear to be safe.
Awards for Gradient, Mitsubishi, and York International appear to be safe.
Some additional info on the new list of axed DOE projects circulating.
- All 7 H2 Hubs
- All 13 IRA grants to convert at-risk auto plants to EV mfg
- 11 of 15 grants to speed domestic clean energy mfg in former coal communities
- 10 of 38 grants for battery materials
heatmap.news/politics/doe...
- All 7 H2 Hubs
- All 13 IRA grants to convert at-risk auto plants to EV mfg
- 11 of 15 grants to speed domestic clean energy mfg in former coal communities
- 10 of 38 grants for battery materials
heatmap.news/politics/doe...
Trump to Axe All 7 Hydrogen Hubs, Bucking Bipartisan Law
A new list of Department of Energy grants slated for termination will hit clean energy and oil majors alike, including Exxon and Chevron.
heatmap.news
October 7, 2025 at 10:53 PM
10 out of 13 grants awarded for domestic Heat Pump manufacturing (the IRA’s Heat Pump Defense Production Act Program) are also listed. 🔌⚡
Awards for Gradient, Mitsubishi, and York International appear to be safe.
Awards for Gradient, Mitsubishi, and York International appear to be safe.
Reposted by Anderson Lee
For 2 years of Israel’s genocide in Gaza, not one Palestinian voice has been featured on NBC, ABC or CNN’s Sunday shows.
@ahjohnson.bsky.social writes about how the U.S. media has debated Palestinians’ annihilation without letting a single Palestinian speak.
inthesetimes.com/article/gaza...
@ahjohnson.bsky.social writes about how the U.S. media has debated Palestinians’ annihilation without letting a single Palestinian speak.
inthesetimes.com/article/gaza...
In 2 Years of Gaza Genocide, Sunday Shows on NBC, ABC and CNN Have Not Featured a Single Palestinian Guest
In a microcosm of the U.S. coverage of Israel’s war on Gaza, since Oct. 7, 2023, influential Sunday news shows have not seen fit to book any Palestinians.
inthesetimes.com
October 7, 2025 at 5:37 PM
For 2 years of Israel’s genocide in Gaza, not one Palestinian voice has been featured on NBC, ABC or CNN’s Sunday shows.
@ahjohnson.bsky.social writes about how the U.S. media has debated Palestinians’ annihilation without letting a single Palestinian speak.
inthesetimes.com/article/gaza...
@ahjohnson.bsky.social writes about how the U.S. media has debated Palestinians’ annihilation without letting a single Palestinian speak.
inthesetimes.com/article/gaza...
China's central bank targeted lending facilities as part of industrial policy
www.cepweb.org/wp-content/u...
www.cepweb.org/wp-content/u...
October 7, 2025 at 3:33 PM
China's central bank targeted lending facilities as part of industrial policy
www.cepweb.org/wp-content/u...
www.cepweb.org/wp-content/u...
Reposted by Anderson Lee
Good background here from @tracyalloway.bsky.social and @weisenthal.bsky.social about why tech and AI companies are backing away from net zero commitments: there is no way to build Machine God quickly without natural gas.
podcasts.apple.com/us/podcast/j...
podcasts.apple.com/us/podcast/j...
James van Geelen on the Next Phase of the AI Buildout
Podcast Episode · Odd Lots · 10/06/2025 · 39m
podcasts.apple.com
October 6, 2025 at 5:53 PM
Good background here from @tracyalloway.bsky.social and @weisenthal.bsky.social about why tech and AI companies are backing away from net zero commitments: there is no way to build Machine God quickly without natural gas.
podcasts.apple.com/us/podcast/j...
podcasts.apple.com/us/podcast/j...
"At its peak, the RFC’s balance sheet dwarfed the combined balance sheets of Wall Street banks... By 1934, the RFC held voting rights in thousands of American firms and was the single largest investor in the country"
🏦 @stomarova.bsky.social's contribution to our latest #IP2025 report shows how ntl development banks fill financial & production market gaps to make IP projects faster & smarter.
She examines the Reconstruction Finance Corporation, which financed the New Deal. rooseveltinstitute.org/publications...
She examines the Reconstruction Finance Corporation, which financed the New Deal. rooseveltinstitute.org/publications...
October 3, 2025 at 6:45 PM
"At its peak, the RFC’s balance sheet dwarfed the combined balance sheets of Wall Street banks... By 1934, the RFC held voting rights in thousands of American firms and was the single largest investor in the country"
Using reasonable assumptions, "a $10 billion housing construction fund could generate somewhere in the order of 300,000 units by
leveraging $40 billion in private capital. A $50 billion housing construction fund could generate more than 1.5 million units."
publicenterprise.org/wp-content/u...
leveraging $40 billion in private capital. A $50 billion housing construction fund could generate more than 1.5 million units."
publicenterprise.org/wp-content/u...
October 3, 2025 at 5:09 PM
Using reasonable assumptions, "a $10 billion housing construction fund could generate somewhere in the order of 300,000 units by
leveraging $40 billion in private capital. A $50 billion housing construction fund could generate more than 1.5 million units."
publicenterprise.org/wp-content/u...
leveraging $40 billion in private capital. A $50 billion housing construction fund could generate more than 1.5 million units."
publicenterprise.org/wp-content/u...
The first point is an underrated reason for global south countries to scale renewables: by reducing fossil fuel imports dependence, their balances of payments improve, improve FX reserves, reduce inflationary pressures from energy imports and FX pressure. A virtuous cycle for further development.
He said:
-Renewables are key. Not bc Cabo Verde is a major emitter, but bc renewables protect from import dependence + inflation
-L&D needed. Last month an island of Cabo Verde received its normal annual rainfall in 4 hrs
-For small states, int’l cooperation the only way to make your voice heard
-Renewables are key. Not bc Cabo Verde is a major emitter, but bc renewables protect from import dependence + inflation
-L&D needed. Last month an island of Cabo Verde received its normal annual rainfall in 4 hrs
-For small states, int’l cooperation the only way to make your voice heard
October 2, 2025 at 9:18 PM
The first point is an underrated reason for global south countries to scale renewables: by reducing fossil fuel imports dependence, their balances of payments improve, improve FX reserves, reduce inflationary pressures from energy imports and FX pressure. A virtuous cycle for further development.
Trump kills EV tax credits > reduces EV demand > Ford EV business struggles > delays in the JV battery plant > $140mm electrolyte plant in Tennessee is now cancelled
www.kedglobal.com/batteries/ne...
www.kedglobal.com/batteries/ne...
Korea’s battery materials maker Enchem scraps $143 mn US plant plan - KED Global
Enchem Co., a South Korean battery materials maker, has scrapped its plan to invest $143 million to build a plant in the US due to the protracted downturn in t
www.kedglobal.com
October 2, 2025 at 7:56 PM
Trump kills EV tax credits > reduces EV demand > Ford EV business struggles > delays in the JV battery plant > $140mm electrolyte plant in Tennessee is now cancelled
www.kedglobal.com/batteries/ne...
www.kedglobal.com/batteries/ne...
"China’s model relies on 'a lot of state power, a lot of consumer power, but not very much financial investor benefit'"
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
China Road Trip Exposes List of Uninvestable Assets in the West
Venture capitalists in clean tech are starting to say out loud what they’ve suspected for a while: China’s dominance has left key sectors in the West uninvestable.
www.bloomberg.com
October 2, 2025 at 7:51 PM
"China’s model relies on 'a lot of state power, a lot of consumer power, but not very much financial investor benefit'"
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...