South Asia

What the Iron Man-like character is claiming for his futuristic automotive company is not unheard of. On a systemic basis, mammoth institutional investment—especially from sovereign wealth funds (SWFs)—is flowing into start-ups and technology-oriented publicly traded companies. In this case, Saudi billions would help Mr Musk escape the pressures of being publicly listed. SWFs have invested large sums into high-growth start-ups promising innovation and financial returns. In fact, just this month, Saudi’s Public Investment Fund (PIF) announced a US$1bn investment in Tesla’s rival, Lucid, and a US$2bn stake in Tesla. The rise in SWF balance sheets and activity is having ramifications on global efforts to be more Silicon Valley-like, and on Silicon Valley itself.

Dr. Ian Bremmer, expert in political risk and founder of the Eurasia Group, gave a seminar sponsored by the the Future of Diplomacy Project on Thursday, November 9 at the Harvard Kennedy School, titled “Managing Risk in an Unstable World."

The ninth Review Conference of the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) will be held at the UN Headquarters in New York from April 27-May 22, 2015. This is the fourth such conference since the indefinite extension of the NPT in 1995. Participating governments will discuss nuclear disarmament, non-proliferation, and the peaceful use of nuclear energy with a view to arriving at consensus on a number of issues.

Policymakers have long focused on preventing nuclear weapons proliferation by controlling technology. Even developing countries, however, may now possess the technical ability to create nuclear weapons. The history of gas centrifuge development in twenty countries supports this perspective. To reduce the demand for nuclear weapons, policymakers will have look toward the cultural, normative, and political organization of the world.

This report marks the culmination of a two-year research project that examined all aspects of the mandate and operations of the International Atomic Energy Agency, from major programs on safeguards, safety, security, and the peaceful uses of nuclear energy to governance, management, and finance.

Associate Professor of Public Policy and Project on Managing the Atom Co-Principal Investigator Matthew Bunn provides a comprehensive assessment of global efforts to secure and consolidate nuclear stockpiles, and a detailed action plan for securing all nuclear materials in four years.  Securing the Bomb 2010 was commissioned by the Nuclear Threat Initiative (NTI). The full report, with additional information on the threat of nuclear terrorism, is available for download on the NTI website.

Urgent actions are needed to prevent a nuclear or radiological 9/11.  Terrorists are actively seeking nuclear weapons and Radiological Dispersal Devices (RDDs) and the materials to make them.  There are scores of sites where the essential ingredients of nuclear weapons exist, in dozens of countries worldwide.  There are thousands of sites worldwide where radiological materials exist.  Many of these sites are not sufficiently secured to defeat the kinds of threats that terrorists and criminals have demonstrated they can pose.  A dangerous gap remains between the urgency of the threat of nuclear and radiological terrorism and the scope and pace of the U.S. and world response.  While the gap has narrowed significantly in recent years, much more needs to be done.  This paper describes the nuclear and radiological terrorism threats, analyzes the actions taken so far to address these threats, and recommends further actions going forward.