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Read with Bruegel: The New Map: Energy, Climate, and the Clash of Nations

The Sound of Economics

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The Complexity of the Green Transition

I think that one of the characteristics of this 30 years the second age of globalization that we've been in is the development of incredibly complex supply chains. People just don't realize how complicated it is to unwind them and yet I will be in political meetings where people say oh we could change our supply chains It's pretty complicated and you're really kind of unwinding 30 years of globalization yeah absolutely. The green transition also started as a policy driven revolution that then gets technological when you know there is no green premium anymore in certain technologies.

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