Science, Technology, and Public Policy

In the first of two articles on post-COP28 carbon financing, Research Fellow Ely Sandler shares insights on the legacy of COP28.

In the second of two articles on COP28 outcomes, Ely Sandler shares insights on the some of the changes needed to scale carbon finance.

After viewing the movie Oppenheimer, Matthew Bunn, John P. Holdren, Mariana Budjeryn, Matthew J. Parent, Calder Walton, Sylvia Mishra, and Julie George offer their thoughts on its relevance to the world today. 

Ely Sandler argues that COP27 progress on the Paris Agreement's Article 6 may be a smoking gun for the death of voluntary carbon markets - but suggests a better model that might take its place.

Ely Sandler and Daniel Schrag propose a new approach to Article 6 of the Paris agreement, arguing that states must use cross-border investment to finance the energy transition. By linking additionality to an investment’s impact on cost of capital, Sandler and Schrag demonstrate how Article 6 can leverage blended finance to de-risk private investment, creating a new model of public private partnership. The paper uses case studies from the Middle East and North Africa region to demonstrate the potential economic, environmental and political benefits of cooperation on Article 6.  

New forms of international cooperation and technology competition with China are the main drivers of public investment in energy innovation, though it remains insufficient to help meet climate goals.

New forms of international cooperation and technology competition with China are the main drivers of public investment in energy innovation, though it remains insufficient to help meet climate goals.

As latecomers to the industrialization process, developing countries may face barriers to upgrading from the production of mass-produced goods to higher-value technologies. Using a comparative qualitative case study focusing on three renewable energy technologies, this paper develops a typology of catching-up opportunities in green energy industries and finds that policymakers should target certain technologies in their industrial strategies based on certain technology characteristics, and should seek opportunities to capitalize on a local niche that creates a need for innovation.

Joseph Nye argues hat the major threat to U.S. power comes from its internal divisions. These are serious liabilities but they were not created by the invasion of Ukraine.

This paper focuses on the market and geopolitical implications of renewable hydrogen adoption at scale in the European Union (EU). The authors analyze long-term strategies based on three reference scenarios in which the EU prioritizes a different strategic variable: energy independence, cost (optimization), or energy security. Developing competitive and secure hydrogen markets will require close coordination between policy, technology, capital, and society—and for EU countries to unite behind a shared long-term vision.