ZYen_LF (@LongFinance) header
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Long Finance is a Z/Yen initiative which asks “When would we know our financial system is working?” https://teapawt.net/t.co/IShEwiHbLZ https://teapawt.net/t.co/hnF4AAxMMJ @ZYenLF

London
Joined November 2011
Photo by ZYen_LF (@LongFinance)Photo by ZYen_LF (@LongFinance)Photo by ZYen_LF (@LongFinance)Photo by ZYen_LF (@LongFinance)Photo by ZYen_LF (@LongFinance)Photo by ZYen_LF (@LongFinance)Photo by ZYen_LF (@LongFinance)Photo by ZYen_LF (@LongFinance)Photo by ZYen_LF (@LongFinance)Photo by ZYen_LF (@LongFinance)
Visualizing China’s Dominance in the Solar Panel Supply Chain ☀️ elements.visualcapitalist.co…
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Our first-of-its-kind Energy Policy Inventory offers users an interactive snapshot of 👇 ✅ 50+ types of policy instruments ✅ 5,000+ policies ✅ Measures covering power generation, buildings, road transport, industry & fuel innovation Take a look 👉 iea.li/3TLDcWy
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Batteries just keep on getting cheaper and cheaper. The average price of lithium-ion battery cells dropped from $290 per kilowatt-hour in 2014 to $103 in 2023.
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Why are solar & wind booming? They're cheaper! NEW wind, solar and hydro are cheaper globally than fossil fuel generation! 2023 Global average cost: Fossil Fuels 7.1 cents/kWh Hydro 5.7 cents/kWh Solar PV 4.4 cents/kWh Land Wind 3.3 cents/kWh Page 21: irena.org/Publications/2024/…
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Electrification is efficiency. When we electrify our energy systems coupled with clean electricity, something remarkable occurs: significant inefficiencies disappear. As a result, in a decarbonized world, our overall energy final demand will be much lower than it is today. Thanks @_HannahRitchie for turning Nick Eyre’s “@ecioxford excellent paper into an accessible graph and article. sustainabilitybynumbers.com/…
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Arizona is building the first solar canal in the U.S. . Solar-covered canals will generate renewable energy and save water in this notoriously dry area: buff.ly/3wEcF5h We have so many solutions to this crisis. Implement them. #ActOnClimate #climate #energy #renewables
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Costa Rica, once home to rampant logging, has now almost doubled the size of its rainforest. They turned it all around within a generation. It can be done. Protect people and the planet. #ActOnClimate #biodiversity #deforestation #rewilding #solutions
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This year will likely end up being the warmest in the last 100,000+ years. Through August 19th, 2024 is 1.59°C above the 1850-1900 IPCC baseline. – at Santa Barbara, CA
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This is wild. China is a global leader in the entire range of renewable energy manufacturing.
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Global Debt Hits a New High of $315 Trillion 💸 📲 Want more content like this with daily insights from the world’s top creators? ⁠See it first on the @VoronoiApp. voronoiapp.com/economy/Globa…
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The primary energy fallacy is the idea that all primary energy from fossil fuels must be replaced with an equivalent amount of clean energy. BUT: This is not necessary because conversion losses do not need to be replaced. More than 2/3 of all primary energy is lost as waste heat. I first heard @MLiebreich use this term which captures this phenomenon nicely I think.
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ZYen_LF retweeted
How do countries rank in readiness to maximize the benefits of artificial intelligence while minimizing the risks? Our new AI Preparedness Index measures prospects across 174 economies. imf.org/en/Blogs/Articles/20…
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Prices for key minerals used in clean energy technologies dropped in 2023 But major additional investments are still needed to meet the world’s energy & climate goals Read more in Global Critical Minerals Outlook 2024 👇 iea.li/3yxIgX1
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Picture of the Week: #lithiumion #battery prices keep falling and performance increasing…to put the prices into perspective I bought a battery for my home about 5 years ago and prices were at $1000/kWh….now we are at circa $100. What this means is that #EVs will become lower cost and in high price electricity regions #batteries in buildings will become the norm…
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We are partnering with 🇰🇷 on four semiconductor projects. Backed by a shared €12 million investment, this partnership aims to foster research and innovation by establishing joint research teams and providing shared access to cutting-edge facilities. Learn more ↓ #DigitalEU

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Good morning with good news: EU's CO2 power sector emissions in first half of 2024 were 17% lower than in the first half of Pandemic 2020! Wow! They were 31% lower than in H1 2022. Emissions fell even as demand rose in 2024. How? Wind, solar, nuclear & hydro are up a lot!
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The transition to net zero emissions would mean lower energy costs globally than if the world continues on its current path. Our new report shows scaling up clean technologies is key for affordability, as well as efforts to cut emissions Read more → iea.li/4ckYX5O
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ZYen_LF retweeted
We project the global economy to grow at 3.2% in 2024 and 3.3% in 2025. Services inflation is holding up progress on disinflation, complicating monetary policy normalization. Read more in our latest World Economic Outlook (WEO) Update. imf.org/en/Publications/WEO/…
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Based on today’s policies & trends, growth in the world’s demand for oil is expected to slow in coming years. As a result, global oil use is on course to level off towards the end of this decade. Read more on what's driving this trend in Oil 2024 👉 iea.li/3WubFcH
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🚨[LAWYERS & GENERATIVE AI]: The American Bar Association issued a formal opinion on the ethical use of generative AI by lawyers, and it's a MUST-READ for lawyers and everyone in AI governance. Quotes & comments: "To competently use a GAI tool in a client representation, lawyers need not become GAI experts. Rather, lawyers must have a reasonable understanding of the capabilities and limitations of the specific GAI technology that the lawyer might use. This means that lawyers should either acquire a reasonable understanding of the benefits and risks of the GAI tools that they employ in their practices or draw on the expertise of others who can provide guidance about the relevant GAI tool’s capabilities and limitations. This is not a static undertaking. Given the fast-paced evolution of GAI tools, technological competence presupposes that lawyers remain vigilant about the tools’ benefits and risks. Although there is no single right way to keep up with GAI developments, lawyers should consider reading about GAI tools targeted at the legal profession, attending relevant continuing legal education programs, and, as noted above, consulting others who are proficient in GAI technology" (page 2-3) - "Before lawyers input information relating to the representation of a client into a GAI tool, they must evaluate the risks that the information will be disclosed to or accessed by others outside the firm. Lawyers must also evaluate the risk that the information will be disclosed to or accessed by others inside the firm who will not adequately protect the information from improper disclosure or use because, for example, they are unaware of the source of the information and that it originated with a client of the firm. Because GAI tools now available differ in their ability to ensure that information relating to the representation is protected from impermissible disclosure and access, this risk analysis will be fact-driven and depend on the client, the matter, the task, and the GAI tool used to perform it." (page 6) - "Of course, lawyers must disclose their GAI practices if asked by a client how they conducted their work, or whether GAI technologies were employed in doing so, or if the client expressly requires disclosure under the terms of the engagement agreement or the client’s outside counsel guidelines. There are also situations where Model Rule 1.4 requires lawyers to discuss their use of GAI tools unprompted by the client. For example, as discussed in the previous section, clients would need to be informed in advance, and to give informed consent, if the lawyer proposes to input information relating to the representation into the GAI tool.41 Lawyers must also consult clients when the use of a GAI tool is relevant to the basis or reasonableness of a lawyer’s fee" (page 8) - "Lawyers using GAI tools have a duty of competence, including maintaining relevant technological competence, which requires an understanding of the evolving nature of GAI. In using GAI tools, lawyers also have other relevant ethical duties, such as those relating to confidentiality, communication with a client, meritorious claims and contentions, candor toward the tribunal, supervisory responsibilities regarding others in the law office using the technology and those outside the law office providing GAI services, and charging reasonable fees. With the ever-evolving use of technology by lawyers and courts, lawyers must be vigilant in complying with the Rules of Professional Conduct to ensure that lawyers are adhering to their ethical responsibilities and that clients are protected." (pages 14-15) - ➡️As the opinion makes clear, AI literacy is essential, especially for lawyers. In the EU AI Act, for example, AI literacy is a legal obligation (Article 4). ➡️In my opinion, most lawyers are unprepared at this point, and lack basic knowledge of how Generative AI works in practice, how AI is trained, limitations, risks, and so on, and using these tools in a professional capacity could be detrimental to clients. ➡️It's not a coincidence that some of the first Generative AI scandals involved lawyers using ChatGPT to write legal briefs (they used ChatGPT-generated fake cases and were fined). ➡️The use of general-purpose AI systems or any AI system not built with specific guardrails for lawyers should not be incentivized. The use of AI tools built for lawyers should be done with extreme care and under supervision. ➡️Read the full opinion by the @ABAesq below. ➡️If you are looking for AI training programs, make sure to check out our 4-week AI Bootcamps. They focus on AI risk, harms, compliance, and regulation and were attended by 850+ participants, many of them lawyers and compliance professionals (link below). ➡️To stay up to date with the latest developments in AI policy & regulation, join 30,500+ people who subscribe to my weekly newsletter (link below).
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