International

The transition from fossil fuels to low‑carbon energy systems is neither guaranteed nor consistent, as each nation advances at its own pace due to a multifaceted blend of economics, institutions, resources, technology, politics and historical context, and recognizing how these factors interact clarifies why some countries accelerate renewable adoption while others proceed slowly even when climate and economic benefits are evident.Core drivers that speed up or slow down transitionsEconomics and cost structures: As wind and solar expenses have declined, renewables now rival conventional power in numerous markets, yet total deployment costs still hinge on local pricing, taxation, and above all…

Sovereign debt restructuring is the negotiated or judicially mediated modification of the terms of a country’s external or domestic public debt when the original terms become unsustainable. Restructuring typically changes interest rates, maturities, principal amounts, or a combination of those elements, and can include conditional financing or policy commitments from international institutions. The purpose is to restore debt sustainability, preserve essential public services, and, where possible, re-establish market access.Key elements commonly included in a standard restructuringDiagnosis and decision to restructure. The debtor government, together with its advisers, evaluates whether the country can fulfill its obligations without inflicting significant economic damage,…

Understanding how energy prices are set requires following multiple interlocking markets, physical logistics and policy levers. Prices emerge from the interaction of supply and demand, but they are shaped by benchmarks, contracts, transportation, storage, financial instruments, regulation and unexpected shocks. This article explains the main mechanisms across oil, natural gas, coal and electricity, uses concrete examples and data points, and highlights the roles of market participants and policy.Basic mechanics: supply, demand and market structureSupply and demand fundamentals: Production volumes, seasonality, economic growth, energy efficiency and fuel substitution determine baseline pressure on prices.Market segmentation: Some commodities trade globally with common benchmarks;…

Global inequality—both between countries and within them—has been shaped by a complex mix of economic, technological, political and environmental forces over the past four decades. Some trends reduced differences across countries, notably rapid growth in China and parts of Asia; others sharply widened income and wealth gaps inside most advanced and many emerging economies. Understanding the drivers helps explain why wealth and income cluster in the hands of a few while large populations remain vulnerable.Key forces shaping the economyStrong returns to capital relative to growth The dynamic highlighted by Thomas Piketty—that returns on capital can outpace economic growth—remains central. When…

Public debate often associates energy storage with lithium-ion batteries, and understandably so, as these batteries have driven swift progress in grid flexibility, electric vehicles, and decentralized energy systems. However, achieving a full energy transition demands a diversified suite of storage technologies. Distinct storage methods offer different durations, capacities, costs, environmental impacts, and grid-support functions. Viewing storage as a one-technology issue can lead to technical mismatches, economic drawbacks, and lost chances to strengthen resilience. What “storage” must deliver Energy storage serves more than one purpose. Systems are evaluated based on: Duration: spanning milliseconds to seconds for frequency regulation, minutes to hours…

A high-level leadership transition within Israel’s intelligence community is unfolding amid ongoing tensions with Iran. Early expectations about the conflict’s outcome have not materialized, raising questions about strategy, decision-making, and the future direction of regional security policies. A significant transition is underway within Israel’s intelligence apparatus at a time when the country remains deeply engaged in a prolonged and complex confrontation with Iran. At the center of this shift is the upcoming appointment of Roman Gofman as the new head of Mossad, Israel’s foreign intelligence agency. His arrival comes after weeks of continued hostilities that have not delivered the swift…

Accurate emissions accounting is the foundation of effective climate policy, corporate climate strategies, and investor decision-making. When emissions are misstated, omitted, or double-counted, the result is not merely technical error: it warps incentives, delays mitigation, misdirects finance, and erodes public trust. Below I explain how and why poor accounting matters, give concrete examples and data, and outline practical fixes. What good emissions accounting is supposed to do Good accounting should reliably measure greenhouse gas (GHG) sources and sinks; assign responsibility across actors and activities; allow tracking of progress against targets; and enable comparable, verifiable claims. That requires three elements working…