World Trade Organization (WTO) particpants created the the Information Technology Agreement (ITA) in December 1996, which eliminated tariffs on specific technology product exports. From 2012 to 2015, WTO participants negotiated how to expand the ITA to cover additional technologies.
As climate plays a growing role in energy markets, serious energy analysis can no longer choose to focus only on traditional energy economics and geopolitics, write Michael Levi and Ed Morse. Policymakers, analysts, companies, and investors that deal in traditional energy will need to become much more sophisticated in their understanding of climate policy.
A recent article on additive manufacturing sounded the alarm over the use of this technology for the production of a nuclear weapon. While the authors, Matthew Kroenig and Tristan Volpe, are correct to assert that additive manufacturing is changing proliferation, today’s clear and present danger comes from conventional weapons, not just nuclear warheads.
Global leaders including the United States participated in the Paris Climate Change Conference (also called Conference of the Parties 21, or COP21), which took place November 30 to December 11, 2015. They extended negotiations one day and 195 nations adopted the Paris Agreement (FCCC/CP/2015/L.9/Rev.1). According to the UN's press release, the agreement's "main aim is to keep a global temperature rise this century well below 2 degrees Celsius and to drive efforts to limit the temperature increase even further to 1.5 degrees Celsius above pre-industrial levels."
There is no other area of global governance—not climate change, not management of the oceans, not monetary policy, not peacekeeping—in which the nations of the world have agreed to cooperate more closely than on the rules governing international trade. But over the past half-century, each step toward greater trade cooperation has been a bit harder than the last.
French economist Thomas Piketty has won the fourteenth annual Council on Foreign Relations (CFR) Arthur Ross Book Award for Capital in the Twenty-First Century(Belknap Press) and will receive $15,000. On December 9, CFR will honor the awardees at a cocktail reception hosted by Gideon Rose, editor of Foreign Affairs and chair of the independent award jury.
When oil prices plunged in 2014, many analysts predicted that major exporters would have to drastically cut supply or else risk fiscal and geopolitical instability. Michael Levi explains why these predictions have been proven wrong.
Learn more about CFR’s mission and its work over the past year in the 2015 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass. Read and download »