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#reserves

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Mark

Russia’s foreign currency reserves fall to lowest levels since 2008 amid mounting deficits

Russia’s foreign #currency #reserves, built over a decade from surplus revenues in the raw materials sector, are nearing exhaustion

To address its #budget shortfall, Russia has also begun selling off #gold reserves from the #NWF

kyivindependent.com/russias-fo

The Kyiv Independent · Russia’s foreign currency reserves fall to lowest levels since 2008 amid mounting deficitsBy Tim Zadorozhnyy
#RussianAggression#RussiaInvadedUkraine#sanctions
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Eric Maugendre

"A national government is well placed to ensure acceptance of its own money. […]
"The key to ensuring acceptance of a national currency is in the state’s power to tax. By specifying that taxes and other obligations to the state must be settled in government money, the government creates a need for individuals and businesses to obtain the currency."

Peter Cooper (2015): heteconomist.com/money-interpr

heteconomist.comMoney Interpreted as an IOU | heteconomist
#money#reserves#centralBanks
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Chuck Darwin

How ancient healing hot springs could fuel a clean energy future

One hot spring town shows how Japan could turn its underground cauldron of heat into clean energy
— without risking its centuries-old tradition of public bath

Tsuchiyu Onsen is a test case for how Japan could tap into an abundant source of clean power while preserving the country’s cultural identity.

Japan has the world’s third-biggest #geothermal #energy #reserves,
but it depends on imported fossil fuels for most of its electricity.

Experts say geothermal could provide about 10 percent of the country’s power,
if Japan took advantage of it.

The government plans to triple geothermal energy output this decade, from 0.3 percent of electricity production to 1 percent.

But one of the biggest barriers has been opposition from Japan’s hot spring industry.

Most of Japan’s geothermal energy reserves lie near one of the country’s more than 3,000 #hot #springs, called #onsens,
that play an important role in Japanese culture and tourism.

The owners of inns and bathhouses worry that geothermal development could damage their source of spring water, devastating their businesses.

washingtonpost.com/climate-sol

The Washington Post · How ancient healing hot springs could fuel a clean energy futureBy Nicolás Rivero
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