Asia & the Pacific

Juliette Kayyem writes that deliberately accepting some risks, and then being prepared when disaster strikes, will serve human societies better than pretending that perfect safety is achievable. We cannot prevent an earthquake or a tsunami, but we have control over how much death and destruction it causes.

Ten years on, the lessons learned from the Fukushima Dai-ichi Nuclear Power Plant accident continue to focus on improving safety culture and regulatory oversight. However, the executive decisions that failed to prevent the disaster also demonstrate the necessity to re-examine the legal entities most often relied on for producing nuclear power: corporations.

The geopolitical and geo-economic forces wrought by the coronavirus pandemic, as examined previously in this series, are likely to slow the transition to a more sustainable global energy mix. Fortunately, the pandemic has also resulted in governments gaining vastly greater influence over whether this shift stalls or accelerates.

For most people, there was nothing to celebrate when the International Monetary Fund downgraded its outlook for global economic growth in June, anticipating a contraction of 4.9% for 2020. Yet for others, such as the small but persistent group of economists and others known as the “degrowth movement,” the Covid-induced economic slowdown has a silver lining.

The search for silver linings to the coronavirus pandemic has come up woefully short. But one hopeful — and much talked of — prospect is that the disruption will accelerate the global shift to a more sustainable energy future.

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.

Trump's critics say that lack of success means the president is going to the United Nations in a weakened position.

Former U.S. Secretary of State Rex Tillerson offered his take on global leaders and hotspots, from Iran and Saudi Arabia to North Korea and Syria. He was joined by Professor Nicholas Burns, Professor James Sebenius and Professor Robert Mnookin.