Russia

The price cap on Russian oil implemented today by the G7 countries plus Australia represents a novel approach to sanctions. The policy is designed to reduce Russian fossil fuel revenues while keeping Russian oil on the market. In this brief, Catherine Wolfram, Simon Johnson, and Łukasz Rachel explain the basic economic principles at work and discuss some of the critiques of the price cap. 

The price cap on Russian oil implemented today by the G7 countries plus Australia represents a novel approach to sanctions, according to a policy brief authored by Catherine Wolfram, Simon Johnson, and Łukasz Rachel and released today by Harvard Kennedy School’s Belfer Center for Science and International Affairs and the Mossavar-Rahmani Center for Business and Government. 

President-elect Joe Biden’s decision to create a new cabinet-level position for climate-related issues — and to choose so prominent a figure as former Secretary of State John Kerry to fill it — demonstrates Biden’s sincerity over putting climate at the very center of U.S. foreign policy. It is easy to understate the importance of this appointment, given the flurry of czars created by most new administrations.

Stephan Walt writes that Trump's foreign-policy instincts might be more sound—but he has forfeited the chance to lead.

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.

The Policy and Action on Plastic in the Arctic Ocean workshop was held at the Harvard Kennedy School on 30–31 October 2019. The speakers' bios and presentations are now available.

The Arctic Transformation and Resilience Study Group, led by Arctic Initiative Senior Fellow Joel Clement, will give students the opportunity to learn about and work on issues of Arctic resilience. Working together to deliver a compilation and brief analysis of existing policies that support or inhibit resilience in the Arctic, students will have the opportunity to meet with top Arctic scientists, policymakers, indigenous knowledge-holders, and finance experts, while developing a report that will be delivered to the Secretariat of the Arctic Council Sustainable Development Working Group.

This study group will be held on Tuesdays, from 6pm–7:30pm, beginning Oct 29, and including Nov 5, 12, 19, and 26. For more information or to sign-up, please contact brittany_janis@hks.harvard.edu. Space is limited; please register by October 21.

In this edition of "The Interview," Fair Observer talks to Professor John Holdren, former science adviser to President Barack Obama and director of the White House Office of Science and Technology Policy from 2009 to 2017 about the impacts of global warming on the United States and the government's strategies to combat climate change.