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Daniel @danielwilliams965.bsky.social · 15h

Monetary policy in Europe blocks the energy transition. By ignoring 'climateflation' and 'fossilflation', the ECB are creating a cyclical loop which rewards shareholders as EU economies start to unravel in the face of massive climate costs going forward danielrwilliams.medium.com/the-cost-of-...

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Daniel @danielwilliams965.bsky.social · 16h

Yes, and they are now using climate change as leverage. Climate impacts in combination with deregulated, purely neoliberal financial industry, are going to destroy Western economies before 2050.

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Daniel @danielwilliams965.bsky.social · 16h

The ECB work directly against the energy transition, and only exist to facilitate profitmaking for financial and fossil shareholders China's economy is dynamic and agile; Europe is rapidly deindustrialising as monetary policy makes long-term investment absolutely impossible

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Daniel @danielwilliams965.bsky.social · 17h

The ECB have done absolutely nothing to support the energy transition, and only exist to facilitate profitmaking for financial and fossil shareholders China's economy is dynamic and agile; Europe is rapidly deindustrialising as monetary policy makes long-term investment absolutely impossible

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Daniel @danielwilliams965.bsky.social · 18h

The problem Europe has is monetary policy. Central banks work to make profit for financial and fossil shareholders. It's pure, unapologetic neoliberalism - unlike China where interest rates don't punish governments and the energy transition, making long-term investment impossible.

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Daniel @danielwilliams965.bsky.social · 11/10/2026

The basic fact is that even in Europe, monetary policy has avoided any genuine intervention to the neoliberal model, which continues as wealth extraction from society to the rentier classes and now just incorporates climate change as further leverage to this process #shareholdercapitalism

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Daniel @danielwilliams965.bsky.social · 11/10/2026

Rosenow blocks a genuine transition because climate change means the consolidation of wealth by the rentier classes - fossil and banking shareholders, and the various institutions and lobby groups they fund

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Daniel @danielwilliams965.bsky.social · 11/10/2026

There are 5 major hydrogen corridors being built to transport hydrogen to industrial centers in Europe with the goal being a massive 700-800TWh of hydrogen imported or produced. This is equivalent to double all EU solar production to date (370TWh in 2025) Rosenow works to block any genuine progress

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Daniel @danielwilliams965.bsky.social · 11/10/2026

Hydrogen is the end-game for gaseous fuels, because other fuel types all carry either a carbon or nitrogen molecule making them polluting. So depreciation of these pipelines will be a factor; but €3/kg should be achievable by around 2030 Transport cost via pipeline is far cheaper

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Daniel @danielwilliams965.bsky.social · 10/10/2026

Absolutely. But costs need to reduce, which won't happen until the 2030s

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Daniel @danielwilliams965.bsky.social · 10/10/2026

Once the infrastructure is built, hydrogen is going to be a real thing.

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Daniel @danielwilliams965.bsky.social · 10/10/2026

HVDC is 1.8GW max. Takes 10 years or so for permitting etc. Europe has 5 major hydrogen corridors under construction, with costs around €3/kg. With carbon prices around €100/ton, the price of hydrogen is close to LNG.

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Daniel @danielwilliams965.bsky.social · 06/10/2026

And if you don't think Sam Altman looks like the bad guy from Aliens, and there are no facehuggers waiting out there for him, you have obviously not lived in a karmic universe of consequences

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Daniel @danielwilliams965.bsky.social · 02/10/2026

And the feast must be disavowed

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Daniel @danielwilliams965.bsky.social · 28/09/2026

Governments in the US and other neoliberal economies are increasingly becoming cash machines for shareholders and the rentier classes either through finance, energy, AI, public utilities or some other asset bracket

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Daniel @danielwilliams965.bsky.social · 25/09/2026

The point is that rates should be differentiated between fossil and renewable investment. Simon Dikau, Director at the London School of Economics:

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Daniel @danielwilliams965.bsky.social · 24/09/2026

So, societal breakdown *may* be a goal for some demographics? Not even sure if I completely disagree with that fact. Really good work anyway and will support regardless until.. you get some Democrats in Totally agree, I'd focus on the policy objective though. Biden did focus explicitly on the IRA

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Daniel @danielwilliams965.bsky.social · 24/09/2026

So they are purely ideologically motivated and they have totally given up on 10 years of policy planning and investment. Individual countries can source hydrogen and build infrastructure but the EU Commission are not in the room: their job is to keep paying the shareholders €100 billion in subsidies

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Daniel @danielwilliams965.bsky.social · 24/09/2026

The problem is the EU Commission. Because they have blocked any funding at all for hydrogen via an agreed set of rules, it means there is no cohesive plan (at all) for industry, aviation, shipping, seasonal energy storage and other sectors - which cannot be electrified at scale They are corrupt..

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Daniel @danielwilliams965.bsky.social · 24/09/2026

Why is debt interest increasing? Because central banks increase interest rates. Why? to combat inflation. What is the cause of inflation? *Climate impacts* and energy prices - not demand side constraints And the magic lever of the interest rate mechanism fixes everything..

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Daniel @danielwilliams965.bsky.social · 24/09/2026

The EU position on hydrogen is total, although it's being undermined by detractors who essentially have an ideologic bias that they can't get rid of There is no hydrogen without pipelines, and so there will not be a hydrogen economy until all this infrastructure is built, *which is happening*

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Daniel @danielwilliams965.bsky.social · 23/09/2026

T&E know that EVs alone do not represent a structural decline in fossil energy consumption - it's industry, aviation, shipping, seasonal energy storage and others together that would actually reduce revenues and therefore the subsidies that flow to their sponsors

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Daniel @danielwilliams965.bsky.social · 22/09/2026

The Commission have made hydrogen structurally impossible to produce in Europe to protect the fossil fuel industry They have been universally criticised because hydrogen is essential for industry, aviation, shipping, seasonal energy storage etc *So they just protect fossil fuel shareholders*

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Daniel @danielwilliams965.bsky.social · 21/09/2026

And here: danielrwilliams.medium.com/the-cost-of-...

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Daniel @danielwilliams965.bsky.social · 21/09/2026

Please see here: www.europarl.europa.eu/RegData/etud...

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Daniel @danielwilliams965.bsky.social · 21/09/2026

Always the same story: inflation is a result of too much demand; reducing this demand by making everything more expensive is the correct thing to do Inflation is a result of supply constraints (climate impacts and energy prices) not demand. Rates are just a tax awarded to banking shareholders..

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Daniel @danielwilliams965.bsky.social · 21/09/2026

Its an economic issue, more than anything else. And the financial industry are most to blame.. danielrwilliams.medium.com/the-cost-of-...

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Daniel @danielwilliams965.bsky.social · 21/09/2026

Commercial banks, with the ECB at the helm, work only to return profits to shareholders. The ECB have made absolutely no effort to implement ANY climate policy measures, despite the catastrophic consequences that are now almost guaranteed by 2050 Monetary policy shields banks from responsibility

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Daniel @danielwilliams965.bsky.social · 21/09/2026

The ECB are crippling EU economies by 100% failing to implement any meaningful climate aligned policy They know they can still profit from collapse, as they are bailed out by taxpayers It has become a sick system, where governments and taxpayers are forced to fight against the financial industry

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Daniel @danielwilliams965.bsky.social · 19/09/2026

Impossible to ignore: the ECB have no interest in lowering inflation if the only response to inflation is to raise interest rates and therefore profits Another report explaining precisely this, actually funded by DG ECON #shareholdercapitalism www.europarl.europa.eu/RegData/etud...

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Daniel @danielwilliams965.bsky.social · 19/09/2026

Simon Dikau, Director at the London School of Economics:

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Daniel @danielwilliams965.bsky.social · 19/09/2026

The system is rigged by central bankers, but the interest rate paid on loans only goes to commercial banks and their shareholders as profit Thats what happens to it; not as a backstop against any kind of default or anything like that

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Daniel @danielwilliams965.bsky.social · 19/09/2026

Low rates are a good thing. The climate is now the strongest driver of inflation in most countries and low rates mean much lower cost renewables; whereas in effect low rates are a subsidy to fossil investment High rates at any stage mean capital expenditure and development are reduced

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Daniel @danielwilliams965.bsky.social · 19/09/2026

The control of money going to commercial banks is not a good idea, if the current scenario is anything to go by (zero effort regarding climate, monetary policy working against both ECB mandates etc) More data on this please..

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Daniel @danielwilliams965.bsky.social · 19/09/2026

The single-lever interest rate policy mechanism (sure, it's permanently a demand-side issue) is what is going to ensure zero exit from the crippled economies climate impacts will create What was bad, is made exponentially worse by the financial industry profiteering from collapse

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Daniel @danielwilliams965.bsky.social · 19/09/2026

We are going to 2.2-2.6°C by 2050: this is the considered opinion of all credible actors as a result of the high-emissions pathway we are following (not any kind of 'net zero' or light pathway) Obviously this is because of shale hydrofracturing, but climate scientists are cowardly, and lie.

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Daniel @danielwilliams965.bsky.social · 18/09/2026

danielrwilliams.medium.com/the-cost-of-...

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Daniel @danielwilliams965.bsky.social · 18/09/2026

danielrwilliams.medium.com/the-cost-of-...

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Daniel @danielwilliams965.bsky.social · 18/09/2026

Basically, the entire ECB is a machine for 𝗱𝗲𝘀𝘁𝗿𝗼𝘆𝗶𝗻𝗴 𝘁𝗵𝗲 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 and 𝗱𝗿𝗶𝘃𝗶𝗻𝗴 𝗶𝗻𝗲𝗾𝘂𝗮𝗹𝗶𝘁𝘆 to the furthest extent possible, because these two factors only serve to consolidate wealth among the already wealthy. If banks and shareholders lose some income as a result, relative losses are still far less

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Daniel @danielwilliams965.bsky.social · 18/09/2026

As is now apparent and increasingly hard to dismiss, the ECB's actions are contractually invalid, and there is an undeniable case to legislate against them for avoiding both their secondary and primary mandates The interest rate mechanism alone now acts as a de facto carbon subsidy

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Daniel @danielwilliams965.bsky.social · 18/09/2026

After many years and even an entire website devoted to 𝗴𝗿𝗲𝗲𝗻 𝗰𝗲𝗻𝘁𝗿𝗮𝗹 𝗯𝗮𝗻𝗸𝗶𝗻𝗴 the most the ECB can do to limit fossil profiteering is introduce a 'climate factor' which reduces banks fossil lending by a few basis points at the very most: basically, 𝙖𝙗𝙨𝙤𝙡𝙪𝙩𝙚𝙡𝙮 𝙯𝙚𝙧𝙤 𝙚𝙛𝙛𝙚𝙘𝙩 LSE Director Simon Dikau:

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Daniel @danielwilliams965.bsky.social · 17/09/2026

The ECB are not legally allowed to be 'independent'; they have a mandate to support fiscal policy, and means stop profiteering from fossil fuels and energy price hikes Western monetary policy is a joke: Simon Dikau (Global Director of the LSE Centre for Economic Transition Expertise!) explains:

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Daniel @danielwilliams965.bsky.social · 15/09/2026

If the EP continues to vote against the ECB including any climate related commitments (as all commentators have pointed out is necessary) then anything else is just a show. They have sold out, it doesn't really matter, the odds are stacked against the climate anyway.

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Daniel @danielwilliams965.bsky.social · 14/09/2026

The metric today needs to focus on macroeconomics, and there is a need to stress greater urgency as mainstream economic (banking & insurance) thought converge on the new normal. If this is continually framed as a science issue it goes nowhere. danielrwilliams.medium.com/the-cost-of-...

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Daniel @danielwilliams965.bsky.social · 14/09/2026

Yeah. But €2.5-3 trillion every year is a police state, and that is only 10-12% of EU GDP compared to Coronavirus which was 6% and cost an arm and a leg

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Daniel @danielwilliams965.bsky.social · 14/09/2026

The answer to this compounding problem however is very rarely talked about - reforming monetary policy and the financial industry - and I summarise what their agenda and motivations are in the second part of this two-part post in the link below danielrwilliams.medium.com/the-cost-of-...

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Daniel @danielwilliams965.bsky.social · 14/09/2026

These costs are irrefutable and looking at the most credible and conservative estimates there is total consensus Underlying this are a host of issues, driven by the corporate capture of policy by shareholders, resulting in consolidation of wealth and power danielrwilliams.medium.com/the-cost-of-...

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Daniel @danielwilliams965.bsky.social · 14/09/2026

..part of the economy: the equivalent of the Norwegian Sovereign Wealth fund in losses every year, and increasing A surreal reality that governments (even in Europe), are not openly talking about. These costs have already started in 2026, at about €100-150 billion, or about 0.5-0.8% of EU GDP.

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Daniel @danielwilliams965.bsky.social · 14/09/2026

Climate impacts serve incumbents - the fossil & financial industries - because they result in redistribution of wealth that only travels upwards As energy prices spike, climate impacts intensity, and interest rates increase, in a self-reinforcing cycle danielrwilliams.medium.com/the-cost-of-...

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Daniel @danielwilliams965.bsky.social · 14/09/2026

But the fact is that it is monetary policy and the financial industry who are to blame It is a surreal experience: we know what is coming, the magnitude of the failure, and yet the only tangible policy mechanism translates as a rounding error danielrwilliams.medium.com/the-cost-of-...

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