Energy

In late 2017, Mexico made headlines as Italian company Enel bid what was then a world-record low price for renewable energy in the country’s third such energy auction. This development was possible due to the historical and sweeping energy reforms passed with broad support in Mexico in 2013. Then-President Enrique Peña Nieto had succeeded where previous Mexican presidents had failed, reversing decades of resource nationalism and overhauling the energy sector through constitutional reforms that gave the private sector a larger role and advantaged renewable energy in Mexico’s economy. The 2017 auction seemed to indicate Mexico’s bright future not only as a conventional oil producer, but also as a clean energy power.

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.

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.

The Future of Diplomacy Project proudly hosted former U.S. Secretary of State Madeleine K. Albright at the Spangler Center in April through the American Secretaries of State Project, jointly directed by Harvard Business School and Harvard Law School's Program On Negotiation. Led by Faculty Directors, Professor Nicholas Burns of the Harvard Kennedy School, Professor James Sebenius of the Harvard Business School, and Professor Robert Mnookin from Harvard Law School, the program seeks to interview former Secretaries of State to gain their insights into how modern diplomacy and negotiation can be used effectively in response to "intractable" conflicts.