Environment and Natural Resources

The International Energy Agency predicted last month that demand for global oil for transport will peak around 2026, plateau for all uses by 2028, and possibly hit a zenith by the end of the decade. Harvard experts say the forecasts track with what’s going on in the developed world, but the energy needs of less-wealthy nations pressing to develop their economies could foil expectations for years to come.

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. 

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. 

Joel Clement describes the influence of U.S. Senators Lisa Murkowski and Joe Manchin over the Department of the Interior and advises that a forward-looking legislator in a fossil-fuel state would be wise to fight aggressively for financial commitments to make the people in their state part of the vanguard of the new clean energy economy, rather than set back the U.S. economy by fighting the inevitable energy transition itself.

Joel Clement describes some immediate opportunities—and emphasize specific recommendations—to establish the Interior Department as a purposeful catalyst for a fair and just transition to clean energy, healthy ecosystems, and thriving communities.

The ongoing COVID-19 pandemic is upending our lives and the global economy in ways unimaginable until recently. While the overall impacts are still difficult to quantify, ramifications are sure to be felt for decades to come. Providing secure, reliable, and affordable resources for all without causing devastating environmental consequences is perhaps the greatest challenge of the 21st century. But the pandemic has significantly altered dynamics and changed priorities. How is this impacting the quest for sustainability?

In this paper we analyze these challenges by focusing on the plastic industry. There is no doubt that plastic has molded society in many ways that make our lives easier and safer, but it has also created a global environmental and sustainability crisis. In order to curb our addiction to plastic, the world had been waging a war against virgin plastic, but the pandemic has turned an enemy into a much-needed ally. How can we leverage the advantages of plastic without contributing to the world’s environmental crisis? This dilemma poses a significant challenge, but also opens an opportunity to address sustainability at a systemic level through circularity and the transition to low-carbon alternatives to petroleum-based plastics.

Via Agenda Pública – El País: After enduring months of a global health pandemic that has unleashed a profound economic crisis, Europe should not lose the opportunity to leverage its recovery plans to kick-start a clean hydrogen society.

Corporations, organizations, and even governments are purchasing offsets to reduce their carbon footprint. This policy brief provides an overview of the offset process – who buys them, who produces them, and who certifies them; describes the emerging challenges facing this market; and makes recommendations for the future.

Arctic Innovator Samuel Gant writes that by adopting world-class environmental and safety standards and creating a sovereign wealth fund, Greenland can ensure mining serves its best interests.

The peer-reviewed update of ENRP's ongoing research on renewable hydrogen is featured in the June volume of Geopolitics, History, and International Relations, an academic journal of which Dr. Nicola de Blasio is now also an editor.