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A House committee voted to allow the Advisory Committee on Reactor Safeguards (ACRS) to decline certain application reviews.
Hear in-depth conversations with the world’s top energy and climate leaders from government, business, academia, and civil society.
Permitting reform—to allow for faster approvals on new projects—is one thing that both climate advocates and energy developers have wanted for a long time. With demand for power...
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Putting data centers in space once seemed fanciful. Today, a growing number of companies have started doing so.
Backfire: How Sanctions Reshape the World Against U.S. InterestsBy Agathe Demarais, global forecasting director of the Economist Intelligence Unit (EIU). November 2022 Sanctions have become the go-to foreign policy tool for the United States. Coercive economic measures such as trade tariffs, financial penalties, and export controls affect large numbers of companies and states across the globe. Some of these penalties target nonstate actors, such as Colombian drug cartels and Islamist terror groups; others apply to entire countries, including North Korea, Iran, and Russia. U.S. policy makers see sanctions as a low-cost tactic, but in reality these measures often fail to achieve their intended goals—and their potent side effects can even harm American interests. Backfire explores the surprising ways sanctions affect multinational companies, governments, and ultimately millions of people around the world. Drawing on interviews with experts, policy makers, and people in sanctioned countries, Agathe Demarais examines the unintended consequences of the use of sanctions as a diplomatic weapon. The proliferation of sanctions spurs efforts to evade them, as states and firms seek ways to circumvent U.S. penalties. This is only part of the story. Sanctions also reshape relations between countries, pushing governments that are at odds with the U.S. closer to each other—or, increasingly, to Russia and China. Full of counterintuitive insights spanning a wide range of topics, from Russia’s invasion of Ukraine to Iran’s COVID response and China’s cryptocurrency ambitions, Backfire reveals how sanctions are transforming geopolitics and the global economy—as well as diminishing U.S. influence. This insider’s account is an eye-opening, accessible, and timely book that sheds light on the future of sanctions in an increasingly multipolar world. About the AuthorAgathe Demarais is the global forecasting director of the Economist Intelligence Unit (EIU). She was previously a senior policy adviser for the French Treasury in Russia and Lebanon, working directly on sanctions and other economic and financial issues. |
Last week's summit between US President Trump and Chinese President Xi was the second meeting between the two leaders since the US and Israel attacked Iran.
In this edition of Global Institute Dialogues Jason Bordoff discusses how the Iran crisis, China’s electrification strategy, and the US shale revolution have changed energy geopolitics.
As inventories run dry and the Iran war continues to disrupt transit routes, oil has surged back to more than $100 per barrel. Diesel fuel—the workhorse of the agricultural and trucking sectors—has now soared to historic highs, pushing U.S. exports to record levels.
