As the world’s fourth largest consumer of electricity and the fastest growing source of global greenhouse gas emissions, India faces pressure to meet basic energy needs as well as to do its part in combating climate change. Solar power is so attractive because it promises to address both issues, but today it accounts for only 2%-3% of India’s energy demand, and India’s leadership will have to make several difficult decisions if this is to change, says Varun Sivaram.
World leaders gathered at a United Nations summit to kick off 15 months of negotiations aimed at finalizing a climate pact next December in Paris. Michael Levi argues that domestic policies rather than international climate talks will determine the fate of global efforts to tackle climate change.
A. Michael Spence argues that the eurozone has an opportunity to jumpstart economic recovery by relaxing fiscal constraints on the condition that member states use the reprieve to initiate public sector investment and structural reforms.
Benn Steil's op-ed in the Wall Street Journal debunks the popular notion that the famous 1944 Bretton Woods agreements—establishing the IMF, the World Bank, and a dollar-based fixed exchange-rate system—were important in reviving global trade and growth after World War II. In fact, dependence on bilateral trade and inconvertible currencies was greater in the early postwar years than it was in the 1930s. The Marshall Plan and the creation of the GATT were, he argues, far more powerful instances of effective, enlightened, and enduring internationalism emerging from the war.
The popularity of e-cigarettes presents an enormous opportunity for public health, which the United States is at risk of squandering by regulating these products as tobacco, writes CFR's Thomas Bollyky.
In his efforts to save Iraq, President Obama is right to demand more power-sharing and other political reforms from Iraqi leaders before the United States offers more military assistance. But Obama should not think he can hold off offering such assistance until he secures those reforms—not if he wants to prevent the bloody breakup of the country and a wider regional war.
In Market Madness, Blake C. Clayton shows that predictions of dwindling oil supplies and a rise in prices have been empirically proven incorrect. Technological advances and geopolitical shifts have repeatedly prompted sudden, severe drops in oil prices—exactly like the one we are experiencing today.
In By All Means Necessary, Elizabeth C. Economy and Michael Levi explore the unrivaled expansion of the Chinese economy. China is now engaged in a far-flung quest, hunting around the world for resources, and deploying whatever it needs in the economic, political, and military spheres to secure them. More
In Money, Markets, and Sovereignty, the authors present a fascinating intellectual history of monetary nationalism from the ancient world to the present and explore why, in its modern incarnation, it represents the single greatest threat to globalization. More
In The Closing of the American Border, Edward Alden goes behind the scenes to tell the story of the Bush administration's struggle to balance security and openness in the wake of the September 11, 2001, terrorist attacks. More