Global policy on warming is utterly chaotic—unfocussed and unaccountable—which is why it is failing.
What’s missing is the economics.
Give me 40 odd mins to explain how to put policy on track.
My “bold” presentation to stop the world overheating.
https://t.co/8dcnUFWCrQ
@daddyhope Perhaps you didn’t understand the impossible debt challenges the international community imposed on him from his start … and he possibly didn’t understand them either.
The government of Kenya now says it is targeting the country's debut commercial oil by December 2026 & full ramp-up by 2032 following approval of the South Lokichar Basin Field Development Plan.
The Ministry of Energy has granted Gulf Energy E&P BV the green light to proceed with development of Block T6 & Block T7, coming just two months after Tullow Oil plc announced completing the sale of its entire working interest to Gulf Energy's affiliate, Auron Energy E&P Ltd.
Disclosures by the Ministry of Energy show that the total investment needed to fully develop the six discoveries is approximately US$ 6.1 billion with Phase I of the project expected to produce 20,000 barrels of oil per day before being scaled up to 50,000 barrels per day under Phase II.
PS: Important to observe that this announcement comes a month after publication of the Draft Sovereign Wealth Fund Bill 2025 (see quoted tweet for breakdown)
@BrankoMilan Absolutely. But my suggestion is that the explanation is less to be found in mainstream/neoliberal economics than in understanding the extreme difficulty in maintaining the balance of power, despite Adam Smith’s optimism on that score.
Many Africans and their diaspora follow Sowell’s brand of economics.
Yet he mocks everything by which they secured their multiple liberations in the 20th Century. including his own.
The clarity of Sowell’s thinking and writing is phenomenal.
I’ve read several of his books and aspire to read all 45 plus of them.
Some, like A Conflict of Visions, I’ll re-read every year.
@amenya_nelson Yes Nelson, but what he says here is also false on the core substance.
None of the sensitive tax proposals survived, and the primary balance target in FB 2024 was withdrawn completely.
Administrative changes went forward, but none of the fireworks.
Debt burdened countries, including Kenya, are significantly reducing spending in education, healthcare & vital public services to service debts - deepening the crisis in health & education.
Kenyans know;
1. This is 💯 true.
2. The solution is fiscal prudence, not debt relief.
President William Ruto has yet again spoken about the planned set up of a National Infrastructure Fund. First time was on Oct 4th, see quoted tweet.
He says we should be seeing a Bill taken to the National Assembly anchoring its establishment.
From what the President says, part of the capitation of the National Infrastructure Fund will be drawn from proceeds from privatisation.
Folks, in this brief, my colleague reconciled the stock and flow of kenya's Public debt for a decade starting in 2013 and found a discrepancy equivalent to 5% of GDP. 👇
https://t.co/QDy4lggFLB
tsk tsk
Populations:
Ethiopia 132.1 million
Kenya 56.4 million
Botswana 2.3 million
So you bet, it’s a big deal to the Batswana. https://t.co/vdlO5rqKW7