South Asia

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.

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.

Authoritarian modes of governing have steadily increased over the past 10 years. A number of autocracies have intensified their repressive tactics, while several democracies – many of which were once classified as consolidated – have tampered with fundamental rights and the rule of law. Despite a few developments to the contrary, the Bertelsmann Transformation Index (BTI) 2020 highlights the ongoing decline of democracy around the globe.

The presentation of BTI results focused on the resembling patterns of dismantling democracy in (highly) defective democracies such as Hungary, Moldova, the Philippines, Serbia or Zambia and regimes in which this process has been so pronounced that they are now categorized as autocracies in the BTI, such as Bangladesh, Guatemala, Honduras, Kenya, Mozambique, Nicaragua, Turkey or Uganda. It looked at the typical sequence to an authoritarian deconstruction of democratic institutions from within, from the purposeful undermining of oversight institutions, attacking the media and civil society to manipulating the electoral system, in order to examine the resonance of these trends in the United States. The goal of the discussion is to identify the features and underlying causes of this erosion, and to suggest promising counter-strategies.

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.

Fifteen Minutes sat down with Professor Robert N. Stavins, Director of the Harvard Environmental Economics Program, to talk about cap-and-trade, the Peace Corps, and what individuals can do to combat climate change.