Articles

Sovereign wealth funds (SWFs) have traditionally been created to recycle excess reserves from natural resource or non‐commodity revenues. However, in recent years funds are being established under conditions of capital scarcity with objectives to contribute domestic economic development, often through the buildout of national infrastructure programs. Such trends in new fund creation represent a fundamental shift in the sovereign wealth fund paradigm and raise serious questions about how these entities are to be capitalized and also the implications of capitalization models on their sustainability. This study examines the recent evolution of SWF models focused on economic development. Its analytic focus is drawn, in particular, to countries that are neither endowed with oil wealth, nor otherwise enjoy export surpluses to be used to capitalize a development‐oriented SWF. While this study is relevant to and expands the scope of the broad literature on SWFs, its specific contribution is as a focused analysis of how SWF funding sources impact achieving long‐term financial and socio‐economic development objectives.

In this article, the authors review the state of the art of ocean energy in desalination. It explores different sources of energy from the ocean that include electricity generation, as well as mechanical force and thermal energy and salinity gradients that can also be directly harnessed for powering the desalination processes. They also examine recent advances in scaling up for commercial deployment and discuss relevant cost, environmental, and social concerns.

Decision-makers often seek to design policies that support sustainable development. Prospective evaluations of how effectively such policies are likely to meet sustainability goals have nonetheless remained relatively challenging. Evaluating policies against sustainability goals can be facilitated through the inclusive wealth framework, which characterizes development in terms of the value to society of its underlying capital assets, and defines development to be potentially sustainable if that value does not decline over time.

Indian Prime Minister Narendra Modi traveled to Washington last week, making his fourth trip to the United States since taking office just two years ago. India and South Asia Program Fellow, Ronak Desai examines the strategic approach to India's relations with the United States.

The introduction of new energy technologies may lead to public resistance and contestation. It is often argued that this phenomenon is caused by an inadequate inclusion of relevant public values in the design of technology. In this paper, the authors examine the applicability of the value sensitive design (VSD) approach.

Iran’s top nuclear negotiator was heading back to Tehran on Sunday to consult with his nation’s leadership, as negotiators remained divided over how to limit and monitor Tehran’s nuclear program and even on how to interpret the preliminary agreement they reached two months ago.

China will triple the number of nuclear power plants it has in operation by 2020 according to official plans, and the country’s nuclear fleet will increase 20-fold by 2050 under some not-yet-approved proposals. But how and where will China get the uranium to fuel them all? Will China need to resort to breeder reactors and reprocessing, with all the proliferation problems they incur? Or is there another way? In this journal article for the Bulletin of the Atomic Scientists, Hui Zhang suggests that between China’s domestic uranium mining, uranium purchased on the international market, and uranium mined by Chinese-owned companies overseas, China could meet even the most ambitious target, thus avoiding the troublesome and dangerous path of reprocessing.

Energy technology innovation is the key to driving the technological changes that are necessary to meet the challenge of mitigating energy-related greenhouse gas emissions to avoid 'dangerous climate change.' Success in innovation requires the enhancement of public investment in the innovation process, the creation of markets for low-carbon technologies through stronger climate policies, and a continued focus on energy access and equity.

While the threat of "resource wars" over possession of oil reserves is often exaggerated, between one-quarter and one-half of interstate wars since 1973 have been connected to one or more of eight distinct oil-related causal mechanisms. Understanding these mechanisms can help policymakers design grand strategy and allocate military resources.