Asia & the Pacific

The authors argue that more determined efforts to globalize renewable energy transmission can confer significantly higher economic and environmental benefits from renewables on billions of people. This can be done by exploiting spatial differences between electricity loads and net renewable generation across time zones (temporal arbitrage) and latitude (seasonal arbitrage). Using very long distance, ultra-high voltage (UHV) transmission infrastructure, temporal and spatial arbitrage can move low-cost clean electricity from areas with excess capacity to high demand zones in other countries and even continents.

In recent years the crisis of the transatlantic relationship and the North Atlantic Treaty Organization (NATO) has become a common theme in media, and various scholars have frequently questioned the futures of both entities. Not only are the new sovereigntist and populist trends within the NATO members calling the relevance of the transatlantic relationship into question, but some have found a reason to identify a crisis in the transatlantic relationship from the rise of global actors and the emergence of China as a great power in particular. China’s economic recovery after its “century of humiliation” is reshaping the international geopolitics and shifting the economic epicenter of the world from the Atlantic to the Pacific. 

Five days after Trump moved to cut off American components to Chinese telecoms giant Huawei, President Xi Jinping responded with a subtle threat to strangle America’s supplies of rare earths — the natural elements used in everything from computers to satellites. Xi’s threat demonstrates how the rivalry between a rising China and a ruling U.S. spreads from trade to technology to supply chains, touching every aspect of bilateral relations. The conflict risks massive spillover costs to the global economy.

Over the years, China has become increasingly powerful politically, diplomatically, militarily. Xi acknowledged China’s intention of reaching the top position in a number of key-sectors such as robotics, AI, electric cars, biotech and aviation. Moreover, China expanded its programs such as the Belt and Road Initiative. This strategy has been met with a strong pushback from America as well as a number of countries in South Asia, Central Asia, Eastern Europe and Africa.