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Other Report

Oil Prices, Low-Carbon Energy, and Climate Policy

For decades, oil prices have influenced the outlook for alternatives to oil and policies that support those alternatives. Expensive oil makes substitutes more appealing; cheap oil makes the economic case for alternatives that much more difficult. High prices in the 1970s kick-started clean energy, including the first modern electric vehicles, while the oil slump beginning in the 1980s pummeled sources like wind and solar power and undermined the push for more fuel-efficient cars.

See more in Global; Energy and Environment

Primary Sources

Articles of Agreement of the Asian Infrastructure Investment Bank (AIIB)

Finance ministers from fifty-seven countries met in Beijing in October 2014 and signed a memorandum to establish the Asian Infrastructure Investment Bank (AIIB), which will focus on funding infrastructure to boost economic development in the Asia Pacific region. The Articles of Agreement were opened for signature on June 29, 2015 and must be ratifed domestically by December 31, 2016.

See more in Asia and Pacific; Banks and Banking

Op-Ed

The Payoff for Iran

Author: Ray Takeyh
Washington Post

The massive financial gains from a nuclear deal would enable Iran’s imperial ambitions in a fracturing Middle East, writes CFR’s Ray Takeyh. At the same time, the Islamic Republic would invest the money in consolidating the power of a repressive regime.

See more in Iran; United States; Treaties and Agreements

Op-Ed

The Iran Endgame

Author: Philip Gordon
Politico

In an article for Politico, Philip Gordon discusses the difficult issues that remain to be resolved in the negotiations with Iran as the June 30 deadline approaches. He argues the United States and its partners must stand firm on key principles and spells out what they need – and do not need – for an agreement that serves U.S. national interests.

See more in Iran; United States; Diplomacy and Statecraft; Treaties and Agreements