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2. Lessons from the T20: Five Priorities for Italian Infrastructure Investment
- Author:
- Fulvio Bersanetti, Nicola Bilotta, Raffaele Della Croce, Valeria Lauria, and Nicolò Russo Perez
- Publication Date:
- 01-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Istituto Affari Internazionali
- Abstract:
- As states and societies continue to struggle with the pandemic, a fundamental element of the post-Covid recovery will be the capacity to revive both public and private investments in infrastructure, thereby boosting growth and employment. Differently than previous crises, reorienting infrastructure investment to respond to the new social and environmental needs will also be needed, starting with health and poverty reduction, as well as climate change and the digitalisation drive. Italy is no exception. Under the Recovery and Resilience Facility (RRF) promoted by the European Union, Italy will receive 191 billion euro in which infrastructure investments will play a fundamental role. To unlock its full economic potential and pursue a successful post-Covid recovery, Italy should embrace five key priorities for infrastructure investment.
- Topic:
- Infrastructure, Finance, Sustainable Development Goals, Investment, and COVID-19
- Political Geography:
- Europe and Italy
3. Biden’s Foreign Policy Casts a Long Shadow
- Author:
- Riccardo Alcaro
- Publication Date:
- 01-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Istituto Affari Internazionali
- Abstract:
- Upon taking office as US president, Joseph R. Biden vowed he would bring the United States back to the centre of the international stage after the erratic course followed by Donald Trump. One year later, it can hardly be said that he has been successful.
- Topic:
- Foreign Policy, Transatlantic Relations, Donald Trump, and Joe Biden
- Political Geography:
- Afghanistan, Iran, North America, Asia-Pacific, and United States of America
4. A Healthier and More Sustainable Global Food System: What is at Stake for the EU?
- Author:
- Marta Antonelli
- Publication Date:
- 01-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Istituto Affari Internazionali
- Abstract:
- Fixing the global food system is arguably the most powerful leverage to nurture the world’s population while keeping human activity within the biophysical limits of the planet. Yet, food systems are today a threat to both human and planetary health, and thus require bold and forward-looking strategies as well as multi-stakeholder collaboration.
- Topic:
- Agriculture, Climate Change, Health, Politics, Natural Resources, European Union, Food Security, and Sustainable Development Goals
- Political Geography:
- Europe
5. The Return of US Leadership in Europe: Biden and the Russia Crisis
- Author:
- Riccardo Alcaro
- Publication Date:
- 02-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Istituto Affari Internazionali
- Abstract:
- In dealing with Russia’s aggressive policies towards Ukraine, US President Joe Biden has put up a powerful display of competent crisis management. While it may not be enough to stop President Vladimir Putin from escalating, Biden’s policy has nonetheless re-affirmed US leadership in Europe.
- Topic:
- Foreign Policy, Transatlantic Relations, Vladimir Putin, and Joe Biden
- Political Geography:
- Russia, Turkey, Ukraine, Caucasus, Balkans, and United States of America
6. A Digital Euro in Search of an Identity
- Author:
- Franco Passacantando
- Publication Date:
- 02-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Istituto Affari Internazionali
- Abstract:
- The recent proliferation of crypto assets and other digital currencies is rapidly transforming the financial industry and the very concept of money. In response to these developments, many central banks are considering the possibility of introducing a central bank digital currency (CBDC), to be used as an alternative to cash. These trends have led to a lively debate on the role that a new sovereign digital currency could play in the monetary system. Some claim that the creation of a CBDC looks like a solution in search of problem because the private sector is already responding to the needs of faster and cheaper payment services.[1] The opposite view is that, if nothing is done, central banks could eventually lose the capacity to conduct monetary policy, to preserve financial stability and to ensure the proper functioning of the payment system. While the European Central Bank (ECB) has yet to make a final decision, in July 2021 it announced the start of a two-year “investigation phase” on the possible introduction of a euro CBDC, in which the views of prospective users and of those who will distribute the new currency will be sought.
- Topic:
- European Union, Finance, Currency, and Digital Policy
- Political Geography:
- Europe
7. Inequalities and Local Infrastructure: The Challenges of Post-Covid Recovery Investments
- Author:
- Filippo Barbera
- Publication Date:
- 02-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Istituto Affari Internazionali
- Abstract:
- Rather than being mere “productive environments”, localities embedded in infrastructure are distinctive living places in which communities of people live and establish a greater part of their daily social relationships. As a result, infrastructure represents the backbone of citizenship rights and strongly affect territorial inequalities. Infrastructure is chiefly understood in physical terms as reticulated systems of highways, pipes, wires or cables. This physical reductionism is by no means sufficient to encompass the multiple facets of the concept or to make sense of the many ways infrastructure affects socio-political inequalities. Knowledge infrastructure, for instance, may indicate robust networks of people, equipment and institutions that generate, share and maintain specific knowledge about the human and natural worlds. Infrastructure furthermore refers to the interplay between information technologies, transportation and other intermodal transport devices. All of these kinds of infrastructure affect inequalities in different ways.
- Topic:
- Political Economy, Politics, Infrastructure, Governance, European Union, Sustainable Development Goals, and Institutions
- Political Geography:
- Europe
8. Israeli Apartheid and the West’s Dwindling Moral Credibility
- Author:
- Andrea Dessì
- Publication Date:
- 02-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Istituto Affari Internazionali
- Abstract:
- Amidst spiralling tensions on the European continent, East-West animosities have returned to dominate daily news cycles. Predictably, this has revived rhetoric on competing political systems and norms, giving rise to a flurry of reporting contrasting Western democracy’s support for the “rules-based international order” vs an informal “alliance of autocracies” led by Russia and China which embrace military might or economic and political blackmail in “a bid to make the world safe for dictatorship”, as recently opinionated the Washington Post.
- Topic:
- Foreign Policy, Apartheid, Human Rights, International Law, and European Union
- Political Geography:
- Europe, Middle East, Israel, Palestine, United States of America, and Mediterranean
9. Europe’s Post-Cold War Order Is No More
- Author:
- Riccardo Alcaro
- Publication Date:
- 02-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Istituto Affari Internazionali
- Abstract:
- Russian President Vladimir Putin’s decision to recognise the independence of the self-styled separatist republics of Donetsk and Luhansk in the Donbas may very well be the beginning of the end of Ukraine as an independent nation. For Ukraine, a nation of almost 44 million people, catastrophe looms large on the horizon. For Europe, these events are the harbinger of the end of an era. Europe’s post-Cold War order is no more.
- Topic:
- Foreign Policy, NATO, Diplomacy, and Transatlantic Relations
- Political Geography:
- Russia, Europe, Turkey, Ukraine, Caucasus, Balkans, and United States of America
10. A G7/G20 Pact for Sustainable Urbanisation? Building on the Positive Legacy of Italy’s G20 Presidency
- Author:
- Nicholas J. A. Buchoud, Michael Keith, Susan Parnell, and Martin van der Pütten
- Publication Date:
- 02-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Istituto Affari Internazionali
- Abstract:
- The G20 as we know it emerged from the 2008 global financial crisis. What is rarely acknowledged, however, is that this grouping of the world’s twenty largest economies emerged at a time when the world was fast becoming more “urban” than “rural”. The impact of urbanisation on the world economy has received scant attention in global decision-making arenas because the post-2008 stabilisation of the global financial system came with significant costs. In particular, the financial crisis had important recentralising effects. The OECD, for instance, has regularly underlined the lasting impact of the financial crisis on sub-national investment capabilities.
- Topic:
- International Political Economy, Infrastructure, Governance, Urbanization, G20, and Sustainable Development Goals
- Political Geography:
- Europe and Italy
11. Putin’s Use and Abuse of History: Back to the 19th Century?
- Author:
- Leo Goretti
- Publication Date:
- 03-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Istituto Affari Internazionali
- Abstract:
- “Ukraine is not just a neighbouring country for us. It is an inalienable part of our own history, culture and spiritual space.” This is how Putin introduced the “decisions being made” in his 55-minute address to the nation on 21 February 2022, which paved the way for Russia’s invasion of Ukraine. Several commentators noted how Putin’s speech was replete with historical references: as historian Benjamin Nathans pointed out, Vladimir Putin seems to be “quite obsessed with history. So part of our attention […] should be looking at how Putin is using history”. Indeed, almost one-quarter of Putin’s speech was devoted to a rather erratic and convoluted discussion of pre-1991 Russian and Soviet history, departing from the assumption that this was necessary “to explain the motives behind Russia’s actions and what we aim to achieve”.
- Topic:
- Nationalism, History, and Conflict
- Political Geography:
- Russia, Ukraine, Caucasus, and Balkans
12. Nuclear Waste Policy Actions for the 117th Congress and Biden Administration
- Author:
- Matt Bowen
- Publication Date:
- 01-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Center on Global Energy Policy (CGEP), Columbia University
- Abstract:
- In the 117th Congress, the United States Senate is evenly divided, 50-50, between the two major political parties, and the margin for control of the US House is small. One nonpartisan—and overdue—policy issue that Congress and the executive branch could focus on is the US nuclear waste management program. The US is currently paying billions to utilities to house spent nuclear fuel (SNF) at operating and shutdown facilities, and high-level waste (HLW) remains at former nuclear weapons complex sites around the country. Add to this the potential for greater future reliance on nuclear power in a decarbonizing economy, and the need to finally get a handle on managing radioactive waste is clear. An earlier report from the Center on Global Energy Policy on the US nuclear waste management program examined larger structural changes that the federal government could pursue to help the program make progress, such as fixing the funding mechanism and updating regulatory standards.[1] This commentary discusses the US program as it stands in the 117th Congress and proposes a series of comparatively smaller actions that could be considered and perhaps pursued on a bipartisan basis in the next few years.
- Topic:
- Energy Policy, Governance, Leadership, and Nuclear Waste
- Political Geography:
- North America and United States of America
13. Carbon Pricing During an Energy Crisis
- Author:
- Harrison Fell and Pierre Noel
- Publication Date:
- 03-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Center on Global Energy Policy (CGEP), Columbia University
- Abstract:
- The European energy crisis, aggravated by the Russian invasion of Ukraine, amplifies the tension between climate mitigation action and energy affordability. Introducing a more effective safety valve to the EU carbon market could reduce affordability concerns and the political pressure associated with extreme price spikes, making the system more resilient. It could be accompanied by a more effective price floor too.
- Topic:
- Energy Policy, International Trade and Finance, Conflict, Carbon Emissions, and Energy Crisis
- Political Geography:
- Europe
14. Venezuela Oil Sanctions: Not an Easy Fix
- Author:
- Luisa Palacios and Francisco J. Monaldi
- Publication Date:
- 03-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Center on Global Energy Policy (CGEP), Columbia University
- Abstract:
- Russia’s invasion of Ukraine has upended global energy markets and brought energy security issues back to the forefront of global attention. The unexpected visit of a US government delegation to Caracas for talks with Nicolas Maduro on March 5th may be considered an example of official recognition of this imperative.[1] The visit led to speculation that sanctions on the Maduro regime could be lifted and that a rapid ramp up of Venezuelan oil production and export could result.[2] This commentary makes three arguments concerning these recent developments. First, rather than potentially leading to the lifting of US sanctions on the Maduro regime, the visit could result in – provided certain conditions are met – an easing or softening of existing oil sanctions via licenses for some of the international oil companies (IOCs) that still operate in Venezuela.[3] Second, in the short term, it is unlikely that this scenario, should it come to pass, would offer any meaningful relief to global oil markets, as substantial increments in oil production from Venezuela would require overcoming many obstacles and risks, even with a potential softening of oil sanctions. However, the latter would likely lead to the redirection of Venezuela’s existing oil exports to the US market. Third, Venezuela has already seen a recovery of oil production, albeit from historically low levels. In a context of no sanctions relief, continued recovery is not guaranteed and might depend on how geopolitical events impact Russian oil exports and the outcome of the Iranian nuclear negotiations.
- Topic:
- Energy Policy, Oil, Natural Resources, and Sanctions
- Political Geography:
- South America and Venezuela
15. Energy Markets and the Design of Sanctions on Russia
- Author:
- Christof Ruhl
- Publication Date:
- 03-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Center on Global Energy Policy (CGEP), Columbia University
- Abstract:
- Sanctions against the citizens, institutions, and products of the Russian Federation are evolving rapidly. Energy sanctions started late, but the number of countries embargoing oil, gas, or coal imports from Russia is expanding. These sanctions are likely to increase global fuel prices while depressing the price of the sanctioned fuel. The experience to date suggests that the current, gradual approach of reducing oil and gas imports from Russia one country at a time may have room to go further. Before the invasion of Ukraine, the sweeping and unprecedented sanctions promised in the event of a Russian invasion were often conceived as a two-pronged pincer movement. The idea was to isolate Russia from the global financial system while limiting its commodity and energy exports. Both moves were aimed at the source of the financial strength of “fortress Russia,” namely, its persistent balance of payment surplus.
- Topic:
- Energy Policy, International Trade and Finance, Sanctions, Financial Markets, and Conflict
- Political Geography:
- Russia and Europe
16. Sanctions and the Economic Consequences of Higher Oil Prices
- Author:
- Christof Ruhl
- Publication Date:
- 04-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Center on Global Energy Policy (CGEP), Columbia University
- Abstract:
- Sanctions against the Russian Federation are developing so fast that it is hard to keep track of them and even harder to see a consistent narrative as events unfold. But there is one. Russia is the world’s largest exporter of energy and commodities. A persistent balance of payment surplus is the source of its financial strength, in terms of both current income and the financial assets previously accumulated by “fortress Russia.” Oil, gas, and coal exports constitute the most valuable revenue streams and are therefore prime targets of sanctions policy.[1] The problem is that energy sanctions will backfire badly if they lead to price increases large enough to derail the economic performance of sanctioning countries.
- Topic:
- Economics, Energy Policy, Oil, Natural Resources, and Sanctions
- Political Geography:
- Global Focus
17. Hydrogen: A Hot Commodity Lacking Sufficient Statistics
- Author:
- Anne-Sophie Corbeau
- Publication Date:
- 04-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Center on Global Energy Policy (CGEP), Columbia University
- Abstract:
- Hydrogen has become one of the most debated topics in the energy industry. As an energy vector,[1] hydrogen has been touted as a possible path to decarbonize energy sectors that are considered difficult to electrify, such as heavy-duty transport. While hydrogen expansion faces challenges associated with introducing it into new sectors and decreasing the cost of green (or low-emission) hydrogen, major economies such as China, the EU, and the United States have been looking to integrate its use into their decarbonization strategies.[2] Demand for hydrogen could more than quintuple in a global net-zero-carbon-emissions scenario.[3] Given that hydrogen’s role is expected to increase significantly over the coming decade and expand into new sections of the energy system, it is essential to have more clarity on its current and future demand profile. The energy community is used to relying on statistics for more traditional fuels such as oil or natural gas; they enable analysts and investors to follow market developments, identify trends, and anticipate investment needs and opportunities. For policy makers, they can help to measure progress toward decarbonization objectives or against targets set within their hydrogen strategies as well as help them compare their activity with other countries’ developments. Understanding demand, production, and trade through data transparency is also a key element in energy security.
- Topic:
- Energy Policy, Science and Technology, Decarbonization, and Hydrogen
- Political Geography:
- Global Focus
18. Russia’s War in Ukraine: Identity, History, and Conflict
- Author:
- Jeffrey Mankoff
- Publication Date:
- 04-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Center for Strategic and International Studies
- Abstract:
- Russia’s invasion of Ukraine constitutes the biggest threat to peace and security in Europe since the end of the Cold War. On February 21, 2022, Russian president Vladimir Putin gave a bizarre and at times unhinged speech laying out a long list of grievances as justification for the “special military operation” announced the following day. While these grievances included the long-simmering dispute over the expansion of the North Atlantic Treaty Organization (NATO) and the shape of the post–Cold War security architecture in Europe, the speech centered on a much more fundamental issue: the legitimacy of Ukrainian identity and statehood themselves. It reflected a worldview Putin had long expressed, emphasizing the deep-seated unity among the Eastern Slavs—Russians, Ukrainians, and Belarusians, who all trace their origins to the medieval Kyivan Rus commonwealth—and suggesting that the modern states of Russia, Ukraine, and Belarus should share a political destiny both today and in the future. The corollary to that view is the claim that distinct Ukrainian and Belarusian identities are the product of foreign manipulation and that, today, the West is following in the footsteps of Russia’s imperial rivals in using Ukraine (and Belarus) as part of an “anti-Russia project.” Throughout Putin’s time in office, Moscow has pursued a policy toward Ukraine and Belarus predicated on the assumption that their respective national identities are artificial—and therefore fragile. Putin’s arguments about foreign enemies promoting Ukrainian (and, in a more diffuse way, Belarusian) identity as part of a geopolitical struggle against Russia echo the way many of his predecessors refused to accept the agency of ordinary people seeking autonomy from tsarist or Soviet domination. The historically minded Putin often invokes the ideas of thinkers emphasizing the organic unity of the Russian Empire and its people—especially its Slavic, Orthodox core—in a form of what the historian Timothy Snyder calls the “politics of eternity,” the belief in an unchanging historical essence. The salience that Putin and other Russian elites assign to the idea of Russian-Ukrainian-Belarusian unity helps explain the origins of the current conflict, notably why Moscow was willing to risk a large-scale war on its borders when neither Ukraine nor NATO posed any military threat. It also suggests that Moscow’s ambitions extend beyond preventing Ukrainian NATO membership and encompass a more thorough aspiration to dominate Ukraine politically, militarily, and economically. It also helps explain Russia’s military strategy. Moscow appeared to calculate that enough Ukrainians, at least in the eastern part of the country, would accept some form of reintegration into a Russian sphere of influence because of shared cultural, linguistic, religious, and other ties with Russia. Despite pre-war polls showing large numbers of Ukrainians willing to take up arms to defend their country against a Russian invasion, Moscow’s wager was not entirely implausible given the recentness of the shift and the persistence of family and other ties across the Russian-Ukrainian border. Nonetheless, Russia’s war has become bogged down in no small part because this calculation about Ukrainian identity has proven dramatically wrong.
- Topic:
- War, Military Strategy, Hegemony, Conflict, Rivalry, and Strategic Interests
- Political Geography:
- Russia, Europe, and Ukraine
19. Creating an Enabling Environment for Sustainable Water Infrastructure Financing
- Author:
- Conor M. Savoy and Janina Staguhn
- Publication Date:
- 05-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Center for Strategic and International Studies
- Abstract:
- Water presents a significant global development challenge as crises over resources and access to clean water are becoming more extreme due to climate change. To reach the most disadvantaged communities in rural areas, adequate infrastructure is going to be integral. It is estimated that water infrastructure will require an additional $22.5 trillion by 2050, and to achieve Sustainable Development Goal (SDG) 6, financing would need to triple to $114 billion per year. As with other forms of infrastructure, water requires more than simply building reservoirs, pipes, and holding tanks. For true sustainable infrastructure, donors and local governments should also invest in support to maintain infrastructure and create a regulatory environment that enables continued improvement. To successfully finance water infrastructure, there must be an understanding of what the current financing landscape looks like and how the United States, its Group of Seven (G7) allies, and multilateral partners should prioritize financing, especially on a local level.
- Topic:
- Environment, International Cooperation, Water, Infrastructure, and Sustainability
- Political Geography:
- North America, Global Focus, and United States of America
20. What Does $40 Billion in Aid to Ukraine Buy?
- Author:
- Mark F. Cancian
- Publication Date:
- 05-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Center for Strategic and International Studies
- Abstract:
- Congress has approved $40 billion in aid for Ukraine and other countries affected by the conflict―the sixth aid package since the war began. A major change is that this package looks ahead months rather than weeks. The aid package provides $19 billion for immediate military support to Ukraine, continuing the effort that has been vital to sustaining Ukrainian resistance, and $3.9 billion to sustain U.S. forces deployed to Europe. The package also contains about $16 billion for economic support to Ukraine, global humanitarian relief, and a wide variety of international programs as well as $2 billion for long-term support to NATO allies and DOD modernization programs. Although some elements of the aid package will be available quickly, many will take years to fully implement. This raises questions about why long-term elements could not have gone through the regular congressional authorization and budget processes.
- Topic:
- International Cooperation, Military Strategy, Military Spending, and Military Intervention
- Political Geography:
- Russia, Europe, Ukraine, North America, and United States of America