Environment & Climate Change

Sovereign wealth funds (SWFs) have traditionally been created to recycle excess reserves from natural resource or non‐commodity revenues. However, in recent years funds are being established under conditions of capital scarcity with objectives to contribute domestic economic development, often through the buildout of national infrastructure programs. Such trends in new fund creation represent a fundamental shift in the sovereign wealth fund paradigm and raise serious questions about how these entities are to be capitalized and also the implications of capitalization models on their sustainability. This study examines the recent evolution of SWF models focused on economic development. Its analytic focus is drawn, in particular, to countries that are neither endowed with oil wealth, nor otherwise enjoy export surpluses to be used to capitalize a development‐oriented SWF. While this study is relevant to and expands the scope of the broad literature on SWFs, its specific contribution is as a focused analysis of how SWF funding sources impact achieving long‐term financial and socio‐economic development objectives.

On 24 and 25 November 2016 experts from politics and academia, including FDP Executive director Cathryn Clüver, discussed the impact of Brexit on several policy areas in a series of workshops at the Hertie School of Governance in Berlin. All events took place under Chatham House rules.

Indian Prime Minister Narendra Modi traveled to Washington last week, making his fourth trip to the United States since taking office just two years ago. India and South Asia Program Fellow, Ronak Desai examines the strategic approach to India's relations with the United States.

Cambridge, MA – The Belfer Center for Science and International Affairs has named Daniel Schrag, Sturgis Hooper Professor of Geology and Director of the Center for the Environment at Harvard University, to lead its Science, Technology, and Public Policy program. STPP, one of Harvard's most collaborative and cross-disciplinary programs, is renowned world-wide for its cutting-edge research on technology innovation, nuclear non-proliferation and safety, climate science and policy, cybersecurity, and globalization and development.

Hosting speakers such as US Secretary of State Henry A. Kissinger, President of Turkey Dr. Abdullah Gül, and China's Ambassador to the US Cui Tiankai, the Future of Diplomacy Project has had an amazing year in 2014, pursuing its mission to promote public understanding of modern diplomatic practice in response to complex international issues.

The Summer 2013 issue of the Belfer Center newsletter features recent and upcoming activities, research, and analysis by members of the Center community on critical global issues. This edition highlights the Belfer Center’s expanding work on complex cybersecurity issues and Middle East challenges, offers reflections on the role of the U.S. in Iraq, and spotlights work being done by the Center and its affiliates on environment and energy issues.

"Biotechnology offers Africa a wider range of economic opportunities than the Green Revolution did. It is already being used to improve food production and establish or revive cotton production. Its economic impact is therefore likely to go well beyond the farm sector to include industrial development."

"Today, one hurricane (or tornado or fire or drought) does not constitute proof of climate change, but to deny the cumulative impact of extreme weather on geopolitics is no longer tenable. Changes in the environment will exacerbate destabilization in areas of deep strategic importance to the United States, including Asia, the Middle East, the Arctic, and Latin America. Facing increased temperatures, people will have to move to avoid rising sea water, tidal infiltrations, or arid soil; they will be searching for water, food, and space. The movement of people, and the fights between them over commodities, have been the causes of many wars."