Energy

Trump has threatened new trade barriers against China while simultaneously depending on Beijing’s help to rein in North Korea’s alarming nuclear weapons program. These two aspects of US policy toward China are at odds.

It feels inappropriate to write a column that treats the two issues on a par. To state the obvious, the stakes are vastly higher in a potential US-North Korean military conflict, especially when it comes to the real danger that nuclear weapons will be used, but even if they are not. But we need to consider the Chinese trade issues together with the Korean nuclear issues because the Trump White House does. (Chief strategist Steve Bannon, for example, had the priorities reversed. Just before he was fired he said that the Korea issue was a “side show” compared with the all-important “economic war with China.”)

In a bold move, the UK Government has announced the creation of a £1 million prize for a new “grand innovation challenge.”  According to Prime Minister David Cameron, the award would go to the next “penicillin” or a plane that could fly carbon-neutral across the Atlantic. This effort will complement the £1 million Queen Elizabeth Prize for Engineering. The inaugural prize will be awarded to the inventors of the Internet and World Wide Web in London on June 25, 2013. The prize will not only recognize those who come up with outstanding ideas, but it will also serve as source of inspiration for young people.

The global community is increasingly facing critical challenges in healthcare, energy, sustainability, and agriculture.  These issues are technologically complex, requiring scientific literacy among politicians, policymakers, and populations in both developed and developing nations.  Moreover, these issues demand innovative discoveries, requiring well-trained engineers to both invent creative and cost-effective solutions as well as inform decisionmakers on relevant technical considerations.

In recent years the major focus of China’s engagement in Africa has been on economic diplomacy. Much of this debate has been influenced by concerns over China’s rise as an economic superpower and the preoccupation with viewing Africa through the jaded natural resource lens. A closer look at Africa’s growing economic diplomacy reveals a more complex picture involving other important emerging market economies as illustrated by economic relations with Brazil. Africa’s relations with Brazil highlight the emergence of BRICS (Brazil, Russia, India, China, and South Africa) as a new economic alliance that is reshaping international trading relations.

A Challenge for Climate Negotiators, and an Opportunity for Scholars The recent demise of serious political consideration of an economy-wide U.S. CO2 cap-and-trade system and the even more recent resurgence in interest among policy wonks in a U.S. carbon taxshould prompt reflection on where we’ve been, where we are, and where we may be going. Lessons Almost fifteen years ago, in an article that appeared in 1998 in the Journal of Economic Perspectives, “What Can We Learn from the Grand Policy Experiment?  Lessons from SO2 Allowance Trading,” I examined the implications of what was then the very new emissions trading program set up by the Clean Air Act Amendments of 1990 to cut acid rain by half over the succeeding decade.

It has been one year since the disastrous nuclear accident at Japan’s Fukushima Daiichi nuclear power plant in March 2011. Experts now view Fukushima as the worst nuclear accident since Chernobyl in 1986. In the aftermath, the Chinese government promptly reaffirmed that nation’s nuclear energy policy. Yet China also became the only nation among all major nuclear energy states that suspended its new nuclear plant project approvals. Before it would restart approvals, China said it would: 1) Conduct safety inspections at all nuclear facilities 2) Strengthen the approval process of new nuclear plant projects 3) Enact a new national nuclear safety plan 4) Adjust the medium and long-term development plan for nuclear power Where is China on this path, and what is the future of its nuclear power industry? Progress By August 2011, China completed safety inspections of  its nuclear facilities,  including all commercial reactors under construction.