Economics & Global Affairs

114 Items

An oil tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia

AP Photo, File

Policy Brief - Belfer Center for Science and International Affairs and the Mossavar-Rahmani Center for Business and Government

The Price Cap on Russian Oil Exports, Explained

| Dec. 05, 2022

The price cap on Russian oil implemented today by the G7 countries plus Australia represents a novel approach to sanctions. The policy is designed to reduce Russian fossil fuel revenues while keeping Russian oil on the market. In this brief, Catherine Wolfram, Simon Johnson, and Łukasz Rachel explain the basic economic principles at work and discuss some of the critiques of the price cap. 

An oil tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia,

AP Photo, File

Press Release - Belfer Center for Science and International Affairs and the Mossavar-Rahmani Center for Business and Government

Price Cap on Russian Oil a ‘Novel Approach to Sanctions’, Says New Policy Brief

| Dec. 05, 2022

The price cap on Russian oil implemented today by the G7 countries plus Australia represents a novel approach to sanctions, according to a policy brief authored by Catherine Wolfram, Simon Johnson, and Łukasz Rachel and released today by Harvard Kennedy School’s Belfer Center for Science and International Affairs and the Mossavar-Rahmani Center for Business and Government. 

Photo of test engineer Jacob Wilcox pulling his arm out of a glove box used for processing sodium at TerraPower, a company developing and building small nuclear reactors on Jan.

AP Photo/Elaine Thompson, File

Analysis & Opinions - Foreign Policy

By Not Acting on Climate, Congress Endangers U.S. National Security

| July 21, 2022

Last week, U.S. Sen. Joe Manchin seemingly dashed Democrats’ hopes for congressional action to slow climate change. Sen. Bernie Sanders accused Manchin of “sabotag[ing] the president’s agenda”; Rep. John Yarmuth, when asked about the consequences of Congress not acting on climate change, said, “We’re all going to die”; and climate activists, as well as some Democrats in Congress, wondered if Manchin should be removed as chair of the Senate Energy and Natural Resources Committee.

Audio - Resources Radio

When Will the Sun Set on Fossil Fuel Subsidies?

| Sep. 07, 2021

Joseph Aldy describes the challenge of reforming fossil fuel subsidies, given uncertainty about how much subsidies actually cost governments and given provisions in the US tax code that privilege fossil fuels over renewable energy sources. Aldy also elaborates on some policies that the Biden administration—which has committed to removing fossil fuel subsidies—could target as policymakers develop infrastructure legislation.

 Chinese structures and an airstrip on the man-made Subi Reef

Francis Malasig/Pool Photo via AP, File

Analysis & Opinions - Project Syndicate

What Could Cause a US-China War?

| Mar. 02, 2021

Thucydides attributed the war that ripped apart the ancient Greek world to two causes: the rise of Athenian power—and the fear that this created in the established power, Sparta. Joseph Nye advises that in order to prevent a new cold or hot war, the United States and China must avoid exaggerated fears and misperceptions about changing power relations.

President-elect Joe Biden and his climate envoy, John Kerry, at The Queen theater.

Carolyn Kaster/AP

Analysis & Opinions - Bloomberg Opinion

What Does Success Look Like for a Climate Czar?

| Dec. 02, 2020

President-elect Joe Biden’s decision to create a new cabinet-level position for climate-related issues — and to choose so prominent a figure as former Secretary of State John Kerry to fill it — demonstrates Biden’s sincerity over putting climate at the very center of U.S. foreign policy. It is easy to understate the importance of this appointment, given the flurry of czars created by most new administrations.

Wind turbines in desert

NREL/Dennis Schroeder

News - Harvard Project on Climate Agreements

Former White House Advisor Jason Bordoff Analyzes Prospects for Green Energy Investments in the Biden-Harris Administration in HPCA Virtual Forum

    Author:
  • Doug Gavel
| Nov. 13, 2020

Former White House advisor Jason Bordoff, professor and founding director of the Center on Global Energy Policy at Columbia University School of International and Public Affairs (SIPA), says the incoming Biden-Harris Administration will have the opportunity to both lift the nation out of recession and combat global climate change by crafting a thoughtful economic stimulus plan containing a significant green energy investment component.