Energy

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

As the best documented major crisis in history, in substantial part because Kennedy secretly taped the deliberations in which he and his closest advisers were weighing choices they knew could lead to a catastrophic war, the Cuban missile crisis has become the canonical case study in nuclear statecraft. Over the decades since, key lessons from the crisis have been adapted and applied by the successors of Kennedy and Khrushchev to inform fateful choices.

Joseph Nye writes that even at this early stage, there are at least eight lessons— some old, some new— that the world is learning (or relearning) from the war in Ukraine.

George Shultz passed away on February 6, just two months after passing his 100th birthday. He was a momentous and fascinating national security figure who has quite a legacy within national defense, foreign policy and even management circles in the federal government. To talk about his legacy and what made him such a special senior government leader, David Priess sat down with Ambassador Nicholas Burns and Kori Schake. Nick Burns is a man of many titles, including professor at the Kennedy School at Harvard University, building on almost three decades of U.S. government service, including a role as the Under Secretary of State for Political Affairs from 2005 to 2008. Kori Schake is the director of foreign and defense policy studies at the American Enterprise Institute, coming after service in the National Security Council, the Department of Defense and the Department of State. They talked about about George Shultz, the positions he had, the influence he had on those around him and his influence on future administrations, both Republican and Democratic.

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.

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 world will soberly commemorate the 33rd anniversary of the Chernobyl nuclear power plant catastrophic accident on Friday, April 26, 2019.  Some may wonder why bother with a gone-by historical event that happened in a distant land — a country that no longer exists — the former Soviet Union (now Ukraine).  On the contrary, Chernobyl and its legacy, with its specters of lingering human toll, radiation contamination, and the massive new shelter ("New Safe Confinement") installed over the old sarcophagus encasing the reactor, will be with us for a long time.