Sign in

Franklin Steves

@franklinsteves.bsky.social
3.1K followers 282 following 293 posts

Husband, father, Senior Policy Adviser, International Financial Architecture Reform at Climate Think Tank @E3G. In that order. All views my own.

PostsRepliesMedia
Reposted by Franklin Steves
Sony Kapoor @sonykapoor.bsky.social · 30/03/2026
New paper: Bending the Climate Change Curve by Blending Finance: What Is The Real Potential Value-Added of Guarantees? by Stijn Claessens and @sonykapoor.bsky.social for @cepr.org and @findevlab.bsky.social findevlab.org/wp-content/u...
findevlab.org
121
Reposted by Franklin Steves
Ketan Joshi @ketanjoshi.co · 20/03/2026
A huge congratulations to everyone who decried planned, equitable and gradual emissions cuts as too radical. Now you get to experience unplanned, unjust and whiplash-inducing emissions cuts instead. Maybe lets not make the same mistake again? www.afr.com/companies/re...
Work from home and limit flights, urges IEA, as fuel crisis deepens
Ryan Cropp, Carrie LaFrenz and Ayesha de Kretser
Updated Mar 20, 2026 – 6.27pm,
first published at 2.00pm

Save

Share





Gift this article



Add us as a preferred source on Google

Listen to this article
5 min
The International Energy Agency has recommended limiting air travel and the number of cars on the road and encouraging more work from home as the Iran conflict leaves companies scrambling to recast pricing and supply chains to withstand the worst oil disruption in history.“In the absence of a swift resolution, the impacts on energy markets and economies are set to become more and more severe,” said IEA chief executive Fatih Birol as the agency outlined its recommendations for cutting demand for gas and oil amid fears supply would inevitably slump.

“The war in the Middle East is creating a major energy crisis, including the largest supply disruption in the history of the global oil market.”

The IEA, in a list of recommendations to member nations, of which Australia is one, said introducing a number plate rotation scheme for road access, encouraging carpooling, electric cooking and working from home could lead to a noticeable decline in demand for oil.

Three remote workdays could cut oil consumption from cars by between 2 and 6 per cent, with average reductions of around 20 per cent for individual drivers, it said.
824871
Franklin Steves @franklinsteves.bsky.social · 19/03/2026
This is *so* good. The only question is whether European regulators will respond to the current ensh*tification of... everything.
000
Reposted by Franklin Steves
Phillips OBrien @phillipspobrien.bsky.social · 19/03/2026
Watching Trump teeter on the edge of blowing up the world economy because of a combination of hubris, strategic incoherence, mendacity and outright stupidity, might be the most extraordinarily depressing thing I have observed in my entire life, or read about in any other period.
701690421
Franklin Steves @franklinsteves.bsky.social · 11/03/2026
Thought I would ask Anthropic's LLM about its use for target selection in Iran, as detailed in the attached WaPo article. This was its response. www.washingtonpost.com/technology/2...
020
Reposted by Franklin Steves
Matt Ford @mford.bsky.social · 09/03/2026
Things look grim in the markets right now, but at least the U.S. economy wasn’t already being propped up by a massive speculative AI bubble that is highly sensitive to rising energy costs.
4343581027
Franklin Steves @franklinsteves.bsky.social · 06/03/2026
Important thread.
010
Reposted by Franklin Steves
Arthur Snell @snellarthur.bsky.social · 01/03/2026
It tells you something about the disorientating rate of change underway that nobody is particularly shocked that a head of state has been assassinated by other states, something which has *never happened* in the modern era. Which is illegal under US law. Shed no tears for Khamanei, but still. 1/3
17415139
Reposted by Franklin Steves
Arieh Kovler @ariehkovler.com · 05/02/2026
On 1 May 1517, xenophobic mobs, riled up by preachers who were in turn pressured by wealthy broker John Lincoln, rioted in London. They claimed that foreigners were stealing their jobs and welfare. Thomas More, then under-sheriff of London, tried to stop the mob with an empassioned speech.
6233105
Reposted by Franklin Steves
Sunder Katwala (sundersays) @sundersays.bsky.social · 30/01/2026
John Oxley points out the clear yet often overlooked point that young men 18-24 are the second most liberal, left-leaning group in society (after young women) - being more so than young-ish thirtysomething women, and older women, as well as than men in older cohorts
19607185
Reposted by Franklin Steves
Bruce Springsteen @brucespringsteen.net · 28/01/2026
I wrote this song on Saturday, recorded it yesterday and released it to you today in response to the state terror being visited on the city of Minneapolis. It’s dedicated to the people of Minneapolis, our innocent immigrant neighbors and in memory of Alex Pretti and Renee Good. Stay free
youtu.be
Bruce Springsteen - Streets Of Minneapolis (Official Audio)
YouTube video by Bruce Springsteen
42569709840554
Reposted by Franklin Steves
Oleksandr Shepotylo @shepotylo.bsky.social · 19/01/2026
1/ So, should the EU retaliate against Trump's Greenland tariff threats? There are roughly three schools of thought, each progressively more interesting than the last. A brief tour through the logic of escalation and deterrence: 🧵
410346
Reposted by Franklin Steves
Simon Evans @drsimevans.carbonbrief.org · 13/01/2026
The utterly shameless & widely covered "report" out today, claiming net zero will "cost" £9tn is based on: * Assuming free fossil-fuel energy, free petrol cars, free gas boilers, free gas power plants etc AND * Including climate damages in the "cost" of net zero I kid you not, it is that stupid
16694352
Reposted by Franklin Steves
Climate News @climatenews.bsky.social · 19/11/2024
The Bluesky elders will remember that in the old days (2023) all Bluesky climate science lists were managed on various Google sheets. How lucky we all are to now have easy starter packs! ✅💚🌍 Follow all for a diverse set of climate updates in your feed 😊
50581173
Reposted by Franklin Steves
Joe Thwaites @joethwaites.bsky.social · 14/11/2025
History doesn't repeat, but it rhymes, a #climatefinance story: After the $100bn climate finance goal was agreed in 2009, the UN Secretary General created a High-Level Advisory Group on Climate Change Financing (AGF) to study potential sources of revenue to meet the new goal, led by the PMs of 🇪🇹&🇳🇴
web.archive.org
High-Level Advisory Group on Climate Change Financing - Final Report
1157
Franklin Steves @franklinsteves.bsky.social · 11/11/2025
Europe urgently needs to shape a credible, politically viable response on adaptation finance at COP30, where climate finance-particularly for adaptation-poses a major risk to global cooperation. This is what a credible response looks like.
e3g.org
Shaping Europe's response on adaptation finance at COP30
Europe urgently needs to shape a credible, politically viable response on adaptation finance at COP30, where climate finance – particularly for adaptation – poses a major risk to global cooperation.
1104
Reposted by Franklin Steves
Ed Matthew @edmatthew.bsky.social · 28/10/2025
This is powerful research showing that the UK has saved over £100 Billion on our energy bills due to the roll out of wind power. That is the saving after accounting for green subsidies. This shreds false claims by Reform that renewables drives up energy bills. They are lying. The reverse is true
theguardian.com
Wind power has cut £104bn from UK energy costs since 2010, study finds
Reduction comes from energy generated from windfarms and lower cost of gas owing to lower demand
122
Franklin Steves @franklinsteves.bsky.social · 13/10/2025
The fundamental risk to the IMF's core mandate - global financial stability - is climate change. encompass-europe.com/comment/the-...
encompass-europe.com
The IMF cannot afford to sideline climate
This week, the International Monetary Fund (IMF) and World Bank are convening in Washington, DC, for their biannual check-up on the health of the global economy.  At the Annual…
022
Reposted by Franklin Steves
Franklin Steves @franklinsteves.bsky.social · 07/10/2025
Europeans are going to have to grasp the mantle and take global leadership on climate finance. This is how they can - and why they must. www.e3g.org/news/how-the...
e3g.org
How the Global Gateway Forum could help shape Europe's new development and climate finance landscape
European governments and EU institutions are grappling with budget constraints, competing domestic priorities, political volatility and geopolitical fragmentation. Meanwhile, the climate imperative in...
043
Reposted by Franklin Steves
E3G - Third Generation Environmentalism @e3g.bsky.social · 09/10/2025
The Global Gateway Forum starts today in Brussels, a key moment for #Europe to align its #climate and development finance ambitions. In a new E3G blog, @franklinsteves.bsky.social sets out priorities for coherence, accountability and private finance mobilisation. www.e3g.org/news/how-the...
e3g.org
How the Global Gateway Forum could help shape Europe's new development and climate finance landscape
European governments and EU institutions are grappling with budget constraints, competing domestic priorities, political volatility and geopolitical fragmentation. Meanwhile, the climate imperative in...
062
Franklin Steves @franklinsteves.bsky.social · 07/10/2025
Europeans are going to have to grasp the mantle and take global leadership on climate finance. This is how they can - and why they must. www.e3g.org/news/how-the...
e3g.org
How the Global Gateway Forum could help shape Europe's new development and climate finance landscape
European governments and EU institutions are grappling with budget constraints, competing domestic priorities, political volatility and geopolitical fragmentation. Meanwhile, the climate imperative in...
043
Reposted by Franklin Steves
Best for Britain @bestforbritain.org · 04/10/2025
Ed Matthew, E3G, UK programme director: "This is a new low point for Kemi Badenoch as she blows up the Conservative party’s credibility for protecting nature and the climate in her quest to ape the far-right policies of Nigel Farage." bit.ly/4gT1l7G
theguardian.com
As Tories vow to scrap ‘failed targets’, how do their climate claims stack up?
We fact check Kemi Badenoch and her party after she promised to repeal Climate Change Act if they win power
17624
Reposted by Franklin Steves
Ed Matthew @edmatthew.bsky.social · 02/10/2025
Kemi Badenoch has now aligned the Tory party on climate with Trump and the far right parties of Europe. Tragic. It shows that she is more interested in the profits of oil and gas companies than the security of the country. The Tory party can no longer be trusted on the environment or the economy
theguardian.com
Kemi Badenoch vows to repeal Climate Change Act
Tory leader says she would replace it with ‘cheap energy’ strategy, ending decades-long consensus on climate
051
Reposted by Franklin Steves
E3G - Third Generation Environmentalism @e3g.bsky.social · 19/09/2025
At #UNGA80, leaders must treat #ClimateAction as the defining test of political will ahead of #COP30. Delivering ambitious NDCs, closing the finance gap and driving a clean, resilient energy transition are vital for global security and prosperity. See press release: www.e3g.org/news/cwny-un...
e3g.org
Climate action must be prioritized by leaders at UNGA80 as the smart, strategic play
At UNGA80, leaders must prioritise climate action as a strategic imperative for prosperity, security and stability, driving ambition ahead of COP30.
021
Reposted by Franklin Steves
Carbon Brief @carbonbrief.org · 18/09/2025
NEW – Q&A: Will China and the BRICS fill the ‘leadership gap’ on climate change? | @anikanpatel.carbonbrief.org w/ comment from @yixiansun.bsky.social Jennifer Allan @jamesnorman.bsky.social Beatriz Mattos @katelogan.bsky.social Read here: buff.ly/WVyH1Y0
Left: The share of fossil fuels and low-carbon sources in the total installed electricity generating capacity of each of the BRICS countries, as of 2024, compared to the global average. Right: The year by which BRICS countries have pledged to reach net-zero. Source: Global Energy Monitor, Climate Action Tracker.
0105
Reposted by Franklin Steves
Mayor of London, Sadiq Khan @london.gov.uk · 17/09/2025
In London, hate will never win.
23576532174
Reposted by Franklin Steves
E3G - Third Generation Environmentalism @e3g.bsky.social · 05/09/2025
Yesterday at Africa Climate Week (#ACW2) in Addis Ababa, we, alongside Talanoa Institute & Institute for Climate and Society convened senior leaders from the @cop30brazil.bsky.social, developing countries & donors for a high-level dialogue on scaling adaptation finance. 🧵 👇
111
Reposted by Franklin Steves
Jake Schmidt - NRDC @jakeschmidt.bsky.social · 04/09/2025
What Could a New Adaptation Finance Goal Look Like? At COP30 countries should set an int'l adaptation finance goal. Here is analysis of the 7 potential scenarios that have been proposed. www.nrdc.org/bio/joe-thwa... from @joethwaites.bsky.social @adellethomas.bsky.social
Analysis of 7 int'l adaptation finance goals that could be set at COP30.
022
Franklin Steves @franklinsteves.bsky.social · 29/08/2025
Very much looking forward to #ACS2 in #Addis Ababa- a vital opportunity for African political & civil society leaders to again demonstrate the continent's leadership on climate finance and the measures needed for deep-rooted reform of the international financial architecture #IFA for climate safety.
001
Reposted by Franklin Steves
Suzie Marshall @suzie-marshall.bsky.social · 29/08/2025
Voices promoting coal are increasingly marginalised as real-world trends show that coal power is on its way out 📉 "Clean" coal is unproven, unscalable, and unaffordable: countries pursuing that risk falling behind in the energy transition My blog for @e3g.bsky.social: www.e3g.org/news/the-end...
e3g.org
The end of the 'clean coal' myth: lobby group closes as the OECD zeros in on coal exit
The closure of the International Centre for Sustainable Carbon marks the end of the ‘clean coal’ myth, as OECD and EU countries accelerate coal phaseouts and global clean energy costs undercut fossil ...
072
Reposted by Franklin Steves
Ellie Mae O'Hagan @elliemaeohagan.bsky.social · 28/08/2025
I am once again saying that clean energy is inherently cheap, and the reason we don't benefit from that is because the energy market doesn't let us. Great stuff here from my colleague @chrisgalpin.bsky.social www.theguardian.com/environment/...
theguardian.com
Heat pumps could halve heating bills with energy system reform, study finds
Steps to make electricity cheaper, such as ending levies, could transform prospects for pumps, thinktank shows
320893
Reposted by Franklin Steves
Ed Matthew @edmatthew.bsky.social · 28/08/2025
www.theguardian.com/environment/... - our latest E3G report showing that with policy reform, running a heat pump could be half the price of running a gas boiler. The future is electric !
theguardian.com
Heat pumps could halve heating bills with energy system reform, study finds
Steps to make electricity cheaper, such as ending levies, could transform prospects for pumps, thinktank shows
24616
Reposted by Franklin Steves
David Ho @davidho.bsky.social · 30/07/2025
Motherfucking wind farms…
11234703917598
Reposted by Franklin Steves
Martin Sandbu @martinsandbu.ft.com · 22/07/2025
I will need to read the full report, but this thread totally neglects to address some obvious (to those who study net wealth taxes/NWTs) points, which refute these simplistic arguments against NWTs: * the q is not effect of raising £24bn from NWT but comparison with raising £24bn from other taxes /
15621
Reposted by Franklin Steves
Keith Edwards @keithedwards.bsky.social · 04/07/2025
2025 feels like being awake during surgery
22269291210
Reposted by Franklin Steves
George Takei @georgetakei.bsky.social · 29/06/2025
Zohran Mamdani beat Andrew Cuomo. Trump’s “Big Beautiful” budget bill took a serious blow. Democrats held onto key seats. And the Kennedy Center turned into a venue for queer resistance. If you’re wondering whether there’s still fire on the left, this week answered with a resounding Yes!
thinkbigpicture.substack.com
Our Wins Of The Week
On Tuesday, Assemblyman Zohran Mamdani shocked New York politics by defeating former Governor Andrew Cuomo in the Democratic primary for NYC mayor.
442329270
Franklin Steves @franklinsteves.bsky.social · 18/06/2025
Beyond Bretton Woods and E3G are organising an #LCAW2025 roundtable on 'Reimagining the Global Financial System for Planetary Resilience: Proposals for the 21st Century'. Long-term thinking about deep structural reform to the international financial system. Details here:
londonclimateactionweek.org
Events - London Climate Action Week
Discover climate summits, forums, workshops, and more during London Climate Action Week — a city-wide celebration of climate action and awareness.
010
Reposted by Franklin Steves
Dave Vetter @davidrvetter.bsky.social · 02/05/2025
Fortune published my piece on the @e3g.bsky.social report showing 97% of execs support a transition to renewables. This maps onto the fact that we underestimate how much appetite there is for climate action globally, with 89% of people favouring stronger climate action. @coveringclimatenow.org
fortune.com
Clean business: Why 97% of executives are betting big on renewables
A survey of business leaders across 15 countries shows 97% support for a transition to renewable sources of electricity, with 78% of executives stating they want their firm to transition to 100% renew...
724194
Franklin Steves @franklinsteves.bsky.social · 25/04/2025
Disappointing to hear @andrewhunterm.bsky.social on #NSTAAF extol the brilliance of the Silvertown Tunnel - even if he's focused on the engineering aspects of TBMs - w/o understanding how bad it'll be for road congestion and air quality for local residents. silvertowntunnel.co.uk/what-is-it/w...
silvertowntunnel.co.uk
What is the Silvertown Tunnel? » No to Silvertown Tunnel
What is the Silvertown Tunnel? Help us stop TfL, Boris Johnson and Greenwich Council from blighting London with more traffic jams.
110
Franklin Steves @franklinsteves.bsky.social · 25/04/2025
"Another thing you learn when you work in energy is the sheer ferocity of the oil and gas lobby..." Great explainer from my @e3g.bsky.social colleague @elliemaeohagan.bsky.social of why electricity prices in the UK are so high, even if you use a renewables provider.
020
Reposted by Franklin Steves
E3G - Third Generation Environmentalism @e3g.bsky.social · 23/04/2025
🌍💸 Climate impacts are hitting harder and financial systems are responding. From stress tests to capital buffers, momentum is growing across Europe, the UK, and Asia-Pacific. Explore where action is accelerating and where more is needed in our latest blog👇 www.e3g.org/news/financi...
e3g.org
Momentum building in the financial system for action on climate-related risks
Accelerating climate impacts are causing increasing human and financial harm, resulting in financial system actions by key countries and at the international level. Financial risks include systemic/ma...
021
Reposted by Franklin Steves
E3G - Third Generation Environmentalism @e3g.bsky.social · 27/03/2025
The spring statement ignored climate and net zero—raising concerns, but also some relief that green investment escaped public spending cuts. Missing the clean economy means missing a major growth opportunity. Read more in @theguardian.com, incl. insights from E3G’s @edmatthew.bsky.social:
theguardian.com
No mention of green issues by Rachel Reeves, but her silence comes as a relief
Fact that chancellor swerved climate crisis and net zero targets suggests sector has avoided the axe for now
043
Reposted by Franklin Steves
E3G - Third Generation Environmentalism @e3g.bsky.social · 26/03/2025
The drastic aid cuts will shatter the UK’s ability to deliver on its international climate finance obligations for years to come, just as climate change is causing untold damage to the lives and livelihoods of millions of the world’s poorest people and leading to growing political instability.
001
Reposted by Franklin Steves
E3G - Third Generation Environmentalism @e3g.bsky.social · 26/03/2025
@franklinsteves.bsky.social, E3G Senior Policy Advisor, warns: 📢 “The climate crisis presents serious global security threats, but Labour is prioritising short-term fixes over a long-term strategy for both security and economic growth.”
111
Reposted by Franklin Steves
E3G - Third Generation Environmentalism @e3g.bsky.social · 26/03/2025
🚨 In Today’s spring statement, UK Chancellor Rachel Reeves has left a “huge open goal” by neglecting the clean economy as the primary driver for growth in the UK. Meanwhile, devastating cuts to overseas development aid undermine UK security. Read our rapid reaction👇🧵
154
Reposted by Franklin Steves
E3G - Third Generation Environmentalism @e3g.bsky.social · 25/03/2025
Millions of renters are stuck in cold, damp homes, paying the price for weak enforcement of housing standards. E3G's @jamesdyson.bsky.social's new report makes the case for better council funding to fix this. 📅We'll be discussing this further in a webinar on 8 April. More in the post below 👇
032
Reposted by Franklin Steves
Sam Greene @samagreene.bsky.social · 01/03/2025
The talk in Europe is “how to get a seat at the table.” Respectfully, that’s the wrong question. The right question is, “how can Europe build a new table.”
291393343
Reposted by Franklin Steves
Jane @localnotail.bsky.social · 01/02/2025
fast work everyone 😃 xd.wayin.com/display/cont...
now on|y 51% are happy with Brexit, 5 years on
83112