OPEC and its oil-producing partners have rebuffed President Joe Biden’s calls for increased production amidst rising fuel prices, retorting that if the United States believes the world’s economy needs more energy, then it has the capability to increase production itself. The OPEC+ alliance, made up of OPEC members led by Saudi Arabia and non-member top producers guided by Russia,
President Joe Biden is in Glasgow, on the second phase of a trip abroad which began with the 2021 G20 summit in Rome. Joining him in Scotland is an outsized American delegation for the 26th UN Climate Change Conference (COP26), including not only Climate Advisor Gina McCarthy and Climate Envoy John Kerry, but six members of cabinet.
Ministers from twenty-four developing nations – including China, India, Vietnam, and Pakistan – released a statement ahead of the United Nations Climate Change summit (COP26) denouncing new net-zero standards as discriminatory. The plan asks for all countries to reach net-zero carbon emissions by 2050. Climate negotiations have long been shaped by equity concerns; this makes sense.
Europe is in the throes of an unprecedented energy crunch. Some call it a crisis, which, if not addressed, may be comparable to the Arab oil embargo of the 1970s – with dire economic, social and political consequences. Brent crude is at a 5 year high of $84 per barrel while spot natural gas prices are up more than 500% year-over-year,
The fuel crisis spreading across Europe and Asia highlights the weather-related vulnerabilities faced by global energy systems. As wind and solar falter under intermittency, power generation has defaulted to gas, where demand is being squeezed by early-autumn heating and late-summer electric cooling needs across Eurasia. The reverberations of February’s polar vortex in Texas—which froze gas output—continue to be felt
As an exhausted, internally divided America proclaims its return and promises a new era of diplomatic leadership, its global partners are rightfully skeptical. Year one of the Biden era has seen the botched withdrawal from Afghanistan, casting doubts about the president’s foreign policy judgment. So long as the disgraced President Donald J. Trump remains the Republicans’ current frontrunner for
Thousands across Italy, Greece, Turkey, and Lebanon are fleeing their homes as historic wildfires whip through the region. This is climate change in its manic phase. And it is getting worse. Continued
Record-breaking floods have devastated Western Europe, leaving at least 170 people dead and over 1,300 unaccounted for. This catastrophe will have long-lasting implications on European – and global – politics and policies, including an impact on the forthcoming German general elections in September, and the rollout of the EU radical energy policy package that was unveiled on July
This Newlines Institute Contours podcast presents a deep dive into U.S. President Joe Biden’s inaugural visit to Europe, his administration’s commitment to collective defense, and the fragile trajectory of U.S.-Russian relations ahead of the June 16 Geneva summit between Biden and Russian President Vladimir Putin. In this episode, Newlines Institute Senior Analyst and Contours host,
When Joe Biden confronts the strongman of Russia on June 16th, the global balance of power will be at stake, for the remainder of his presidency and beyond. The responsibility on Biden’s shoulders will be tremendous. The forecast? Grim. Continued