Energy

Joseph Nye considers lessons from his own work on preventing the spread of nuclear technology in the 1970s.

Proponents of “transactional” diplomacy argue that comprehensive deals to transform political relationships are unrealistic, and that zeroing in on the most pressing issue is the only way to make any tangible progress. The “grand bargainers” retort that any deal that isn’t comprehensive will face fatal opposition from important stakeholders.

Both arguments have some merit, but the perceived distinction between them is a false one: Past engagements with Iran and North Korea were premised on the hope that piecemeal transactions could provide a platform for more sweeping diplomacy. And the best nonproliferation progress has been achieved when all sides perceived diplomatic transactions as incremental steps toward broader reconciliation.

Via Agenda Pública – El País: After enduring months of a global health pandemic that has unleashed a profound economic crisis, Europe should not lose the opportunity to leverage its recovery plans to kick-start a clean hydrogen society.

Corporations, organizations, and even governments are purchasing offsets to reduce their carbon footprint. This policy brief provides an overview of the offset process – who buys them, who produces them, and who certifies them; describes the emerging challenges facing this market; and makes recommendations for the future.

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

Juergen Braunstein and Sachin Silva argue that sovereign wealth funds may be central to governments' efforts to balance public responsibility with private interests in post-pandemic economies.

Growing concern around climate change has ignited recent interest in carbon capture, utilization, and storage (CCUS) technologies and generated a series of studies on its global market potential.