Energy evolution
While attempts are being made to move away from fossil fuels for energy production, the transition is not happening as efficiently as many predict. New methods of extracting oil and gas have kept these resources cheap and plentiful and have turned importers into leading exporters. Meanwhile, failed policies – many of them based more on emotion than on scientific facts – have exacerbated many of the problems energy markets face – or created new ones.
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Kuwait oil: Time to catch up
At first glance, small Kuwait is sitting pretty with one of the largest known oil deposits under its surface, enough to last more than 90 years. The colossal resource earned the emirate its staggering sovereign wealth fund. However, Kuwait’s single-commodity economy faces a longer-term existential threat as the world begins to wean itself off fossil fuels.
The European Green Deal faces huge challenges
The European Commission’s Green Deal sets extremely ambitious goals for reducing greenhouse gas emissions and investing in environmentally friendly technologies. Yet the huge amount of funding that will be required could fail to materialize, due to intra-EU disagreements over budget rules and debt ceilings. And if other big polluters don’t ...
Looking for compromise on Ethiopia’s Renaissance Dam
Egypt, Ethiopia and Sudan are struggling to strike a deal over the Grand Ethiopian Renaissance Dam, a $4.8 billion project in the works since 2011. Situated on the Blue Nile, the dam would triple Ethiopia’s electricity production and generate much-needed economic growth. But Egypt has ancient ties to the great river, ...
GIS Dossier: Nord Stream 2
The Nord Stream 2 pipeline was supposed to cement Russian dominance over Europe’s gas markets while bypassing Ukraine. But as it nears completion, Gazprom’s bargaining power versus the EU appears diminished. The Kremlin’s strong-arm tactics have simply proved no match for market forces.
Focus Germany: Taxing climate subsidy, subsidizing climate tax
Germany is struggling to achieve its current environmental goals. A new policy package under consideration now is unlikely to provide a clear path forward. The taxes and subsidies it foresees contradict each other and could ultimately impede technological advancement. The proposal has proven disappointing to climate activists and economic critics ...
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More Disruptions
Expanding state
A trend toward increased government influence in economies and personal life is curbing growth, and freedom, in many Western countries. The outsized role of government results in misplaced incentives, overregulation – which restrains markets and competition – and irresponsible budgetary ...
Middle East politics
The region, one of the cradles of civilization, is going through a turbulent period of historic realignment. Its powers are vying for political, military, economic and religious dominance with local players and outside actors. Armed conflicts, mainly civil wars, are ...
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