IIPP Forum 2024 - Rethinking the State | Financing the ecological transition

[@NicholBrummer]

Also: please consider the state at its various levels. Municipalities alreasy have opportunities for money creation, investment and ways to drive the local transition. I see how bicycle paths are changing mobility. Ground source low T heating & cooling infrastructure can be a next big driver .. but only when funding & ownership reaches the optimal places. Ground source heat pumps automatically include energy storage that is essential in combination with variable wind & sun. (a positive externality, now unfunded) We must combine the virtual finance language with fysical reality.

[@NicholBrummer]

I hear a lot of words that obscure what and where things need to be done. Broadening balance sheets. Financing. Funding. Backstopping. Cleaning up the debt. It smells like MMT, and the jubilee of the bible and ancient Sumer, in 5000 years debt .. but obfuscated it all these words that seem the same, but are apparently different stages of a larger system. Please explain. Also acknowledge that this is not really all 'financial innovation'. These are also ancient mechanisms, with historical precedent.