Articles

Over the last decade, carbon trading has emerged as the policy instrument of choice in the industrialized world to address global climate change. This paper argues that a transnational business coalition, representing mostly energy firms and energy-intensive manufacturers, actively promoted the global rise of carbon trading. In this process, business could draw on the support of government allies and business-oriented environmental groups, particularly in the UK and the US.

"It might be relatively easy, but actually quite unfortunate, for countries to achieve what some people might define as 'success' in Cancun:  a signed international agreement, followed by glowing press releases.  I say it would unfortunate, because such an agreement could only be the Kyoto Protocol on steroids: more stringent targets for the original list of industrialized countries (Annex I) and no meaningful commitments by the key rapidly-growing emerging economies, such as China, India, Brazil, Korea, Mexico, and South Africa."

The current global nuclear order is extremely fragile, and the three most urgent challenges to it are North Korea, Iran, and Pakistan. If North Korea and Iran become established nuclear weapons states over the next several years, the nonproliferation regime will have been hollowed out. If Pakistan were to lose control of even one nuclear weapon that was ultimately used by terrorists, that would change the world. It would transform life in cities, shrink what are now regarded as essential civil liberties, and alter conceptions of a viable nuclear order.

Since the agreement of the Kyoto Protocol, business in the EU and the US has been split over the course of climate policy. This article reviews the regulatory preferences of major business associations on both sides of the Atlantic, and assesses whether the transatlantic gap on corporate positioning on climate change is actually narrowing and what the compromise solution might be.

"The terrorist attacks that destroyed the World Trade Center and damaged the Pentagon triggered the most rapid and dramatic change in the history of U.S. foreign policy."