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Insight 219: Singapore in the Global Energy Transition

For decades, Singapore has been a premier refinery hub and gatekeeper between Asia and the Middle East, but its position is increasingly threatened as producer countries are shifting into the downstream activities that helped make Singapore the “Houston of Asia”. Oil and petrochemicals drive about one quarter of Singapore’s net exports. Greater competition in the global oil and gas value chain could take a heavy toll on the city-state’s national budget and economic growth prospects.




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Why the U.S. Withdrawal from the Paris Climate Accord is a Mistake

The authors explain why the Trump administration's reiteration of its intent to finalize U.S. withdrawal from the Paris Agreement is a tragic mistake that will weaken us as a nation.




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How Clean is the U.S. Steel Industry? An International Benchmarking of Energy and CO2 Intensities

In this report, the authors conduct a benchmarking analysis for energy and CO2 emissions intensity of the steel industry among the largest steel-producing countries.




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Creating Subnational Climate Institutions in China

This discussion paper (available in English and Chinese) describes the evolution of decentralization over the reform period that began in China in 1978, different theories of institutional change in China, and how the empirical and theoretical literatures help scholars and policymakers understand the development of institutions for governing GHG-emitting activities.




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The Value of Carbon Capture, Utilization, and Sequestration

Growing concern around climate change has ignited recent interest in carbon capture, utilization, and storage (CCUS) technologies and generated a series of studies on its global market potential.




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Geopolitical and Market Implications of Renewable Hydrogen: New Dependencies in a Low-Carbon Energy World

To accelerate the global transition to a low-carbon economy, all energy systems and sectors must be actively decarbonized. While hydrogen has been a staple in the energy and chemical industries for decades, renewable hydrogen is drawing increased attention today as a versatile and sustainable energy carrier with the potential to play an important piece in the carbon-free energy puzzle. Countries around the world are piloting new projects and policies, yet adopting hydrogen at scale will require innovating along the value chains; scaling technologies while significantly reducing costs; deploying enabling infrastructure; and defining appropriate national and international policies and market structures.

What are the general principles of how renewable hydrogen may reshape the structure of global energy markets? What are the likely geopolitical consequences such changes would cause? A deeper understanding of these nascent dynamics will allow policy makers and corporate investors to better navigate the challenges and maximize the opportunities that decarbonization will bring, without falling into the inefficient behaviors of the past.




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Green Ambitions, Brown Realities: Making Sense of Renewable Investment Strategies in the Gulf

Gulf countries have hailed their investments in renewable energy, but some basic questions remain about the extent to which it makes sense for GCC states to invest aggressively in renewables. The sheer magnitude of such investments will require these countries to mobilize significant public resources.  Therefore, such an assessment requires these countries to focus on national interests, not just a desire to be perceived as constructive participants in the global transition away from carbon energy. 

This report starts by identifying four common strategic justifications for investing in renewable energy in GCC countries. Each of these rationales highlights a different aspect of renewable energy investments. In addition, each rationale is based on different assumptions about the underlying drivers of such investments, and each rationale is based on different assumptions about the future of energy. 
 




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Harvard Business School Professor Rebecca Henderson Outlines Ways Organizations are Changing in Response to the Coronavirus Pandemic and Climate Change in New Edition of "Environmental Insights"

Rebecca Henderson, the John and Natty McArthur University Professor at Harvard University, shared her perspectives on how large organizations are changing in response to the coronavirus pandemic and climate change in the newest episode of "Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program," a podcast produced by the Harvard Environmental Economics Program. Listen to the interview here. Listen to the interview here.




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Organizational Responses to COVID-19 and Climate Change: A Conversation with Rebecca Henderson

Rebecca Henderson, the John and Natty McArthur University Professor at Harvard University, shared her perspectives on how large organizations are changing in response to the coronavirus pandemic and climate change in the newest episode of “Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program.”




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Transatlantic Dialogue: The Missing Link in Europe’s Post-Covid-19 Green Deal?

This policy brief emphasizes that the European Green Deal's effectiveness in a post Covid-19 world will require the involvement of strategic partners, especially the US. In the context of a potential US withdrawal from the Paris Agreement and the consequential vacuum, it will be even more important to engage the US in implementing the GD. In light of divergence between the US and the EU during past climate negotiations (e.g. Kyoto, Copenhagen, and Paris), we suggest a gradual approach to US engagement with GD initiatives and objectives.




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No, the Coronavirus Will Not Change the Global Order

Joseph Nye advises skepticism toward claims that the pandemic changes everything. China won't benefit, and the United States will remain preeminent.




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New Committee to Advise Bacow on Sustainability Goals

Harvard University has created a Presidential Committee on Sustainability (PCS) to advise President Larry Bacow and the University's leadership on sustainability vision, goals, strategy, and partnerships. The Harvard Gazette spoke with committee chairs Rebecca Henderson, the John and Natty McArthur University Professor; John Holdren, the Teresa and John Heinz Professor of Environmental Policy at Harvard Kennedy School; and Katie Lapp, executive vice president, about why it is so important to act now; the role of the PCS in developing collaborative and innovative projects; and how the campus community can get involved.




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Oil's Collapse Is a Geopolitical Reset In Disguise

The world is on the cusp of a geopolitical reset. The global pandemic could well undermine international institutions, reinforce nationalism and spur de-globalization. But far-sighted leadership could also rekindle cooperation, glimmers of which appeared in the G-20’s offer of debt relief for some of the world’s poorest countries, a joint plea from more than 200 former national leaders for a more coordinated pandemic response and an unprecedented multinational pact to arrest the crash in oil markets.  




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Force India finally debuts 2015 challenger

Force India's 2015 challenger made its long-awaited debut in Barcelona on Friday, only for it to suffer a left rear puncture during Nico Hulkenberg's first lap




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Bottas tops final day of testing

Valtteri Bottas put Williams top on the final day of winter testing in Barcelona as the size of the gap between Mercedes and the chasing pack became clearer




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Perez expects to learn on job in Australia

Sergio Perez says Force India will be learning on the job at the Australian Grand Prix but feels confident the team knows the areas it needs to improve on the VJM08




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The Twin Crises and the Prospects for Political Sectarianism in Lebanon

LCPS solicited the opinion of key experts to answer one question: “Will the financial crisis, exacerbated further by COVID-19, strengthen or loosen the power of Lebanon’s governing political parties?” 




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Harvard Business School Professor Rebecca Henderson Outlines Ways Organizations are Changing in Response to the Coronavirus Pandemic and Climate Change in New Edition of "Environmental Insights"

Rebecca Henderson, the John and Natty McArthur University Professor at Harvard University, shared her perspectives on how large organizations are changing in response to the coronavirus pandemic and climate change in the newest episode of "Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program," a podcast produced by the Harvard Environmental Economics Program. Listen to the interview here. Listen to the interview here.




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Organizational Responses to COVID-19 and Climate Change: A Conversation with Rebecca Henderson

Rebecca Henderson, the John and Natty McArthur University Professor at Harvard University, shared her perspectives on how large organizations are changing in response to the coronavirus pandemic and climate change in the newest episode of “Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program.”




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National Governments Have Gone Big. The IMF and World Bank Need to Do the Same.

While social distancing is the West’s route to suppression of the virus, the developing world’s crowded cities and often overcrowded slums make isolation difficult. Advice on hand-washing means little where there is no access to running water. Without a basic social safety net, choices are narrowed and stark: Go to work and risk disease, or stay home and starve with your family.




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No, the Coronavirus Will Not Change the Global Order

Joseph Nye advises skepticism toward claims that the pandemic changes everything. China won't benefit, and the United States will remain preeminent.




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Graham Allison on An Intelligent Way to Reopen

We can reopen in an intelligent way while going further to protect the most vulnerable, says 
Graham Allison.
 




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Oil's Collapse Is a Geopolitical Reset In Disguise

The world is on the cusp of a geopolitical reset. The global pandemic could well undermine international institutions, reinforce nationalism and spur de-globalization. But far-sighted leadership could also rekindle cooperation, glimmers of which appeared in the G-20’s offer of debt relief for some of the world’s poorest countries, a joint plea from more than 200 former national leaders for a more coordinated pandemic response and an unprecedented multinational pact to arrest the crash in oil markets.  




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How to Avoid a W-shaped Global Coronavirus Recession

“Those who cannot remember the past are condemned to repeat it,” George Santayana famously quipped in 1905. It is a phrase that has been repeated for over a century, but rarely heeded. As Covid-19 decimates the global economy, our understanding of history could be the difference between a V- or U-shaped recession and a W-shaped one, in which incipient recovery is followed by successive relapses.

As recently as March, V-shaped recoveries in individual economies seemed plausible. Once infections and deaths had peaked and begun to decline, the logic went, people would eagerly return to work. The economic activity might even get an extra boost, as consumers released pent-up demand.




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Restructuring Argentina’s Private Debt is Essential

Argentina's creditors are being asked to accept a proposal that would reduce their revenue stream but make it sustainable. A responsible resolution will set a positive precedent, not only for Argentina, but for the international financial system as a whole.




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We were lucky to make Q3 - Alonso

Fernando Alonso said he extracted the maximum from his Ferrari to take pole position for the Singapore Grand Prix, but admitted he nearly missed out on Q3 altogether due to an engine issue




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Vettel rues 'messy' qualifying

Sebastian Vettel was left ruing a missed opportunity in Singapore after failing to secure pole position for Sunday's night race




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Button looking to capitalise on slow Red Bull starts

Jenson Button is looking to capitalise on Red Bull's slow starts to move through the field at the start of the Singapore Grand Prix and fight for a podium




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Massa to take new engine without penalty

Felipe Massa will use a brand new engine at the Singapore Grand Prix, in the knowledge that a 10-place penalty will have no effect on him as he will start from the back of the grid




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Alonso victory spices up title race

Fernando Alonso completed an impressive start-to-finish victory at the Singapore Grand Prix




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It would have been too risky to pass Alonso - Vettel

Sebastian Vettel has said it would have been too risky to attempt an overtaking manoeuvre on Fernando Alonso to take the lead of the Singapore Grand Prix




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Cool Alonso never thought Vettel would pass

Fernando Alonso said he felt he had the Singapore Grand Prix under control as soon as he pitted for fresh tyres and came out ahead of rival Sebastian Vettel




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It wasn't safe to pit - Kovalainen

While the sight of Heikki Kovalainen grabbing a fire extinguisher and trying to put out a blaze on his Lotus provided one of the more spectacular images of the season, opinion was divided on the wisdom of his actions




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Sutil and Hulkenberg hit with 20-second penalty

Adrian Sutil was hit with a 20-second penalty for going round the outside of Turn 7 on the opening lap of the Singapore Grand Prix




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Rosberg challenges Ferrari: 'Bring it on'

Nico Rosberg has challenged Ferrari to "bring it on" after Sebastian Vettel's victory in Malaysia




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Mixed feelings for Alonso after retirement with ERS issue

Fernando Alonso was left with "mixed feelings" following the Malaysian Grand Prix after he retired from his McLaren-Honda debut on the 21st lap with an ERS cooling problem




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Ferrari like 'a perfect Italian watch' - Arrivabene

Team principal Maurizio Arrivabene never doubted Sebastian Vettel could be a contender in Malaysia but he says Ferrari must not get carried away with one victory




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Penalty points for Maldonado and Force India pair

Pastor Maldonado has been handed three penalty points to his super licence for exceeding the speed limit under the safety car at the Malaysian Grand Prix




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Allison explains Ferrari win and why a repeat will be tough

James Allison is not convinced Ferrari will be able to repeat its performance in Malaysia at the Chinese Grand Prix in two weeks




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Malaysian Grand Prix extends race contract until 2018

The Malaysian Grand Prix will remain on the calendar for the next three years after the Sepang International Circuit agreed a new deal until 2018




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Who said what after the Malaysian GP

ESPN rounds up all the reaction from up and down the paddock after the Malaysian Grand Prix




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Vettel's victory a 'wake-up call' for Mercedes

Mercedes boss Toto Wolff says Sebastian Vettel's win for Ferrari in Malaysia has set alarm bells ringing for the reigning world champion




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Ecclestone keen on all-female world championship

Bernie Ecclestone has suggested the creation of an all-female world championship to run alongside Formula One to encourage more women to enter the sport




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Red Bull's Marko wins €400 Vettel bet in Malaysia

Red Bull motorsport advisor Helmut Marko left the Malaysian Grand Prix €400 richer after an astute bet - on former protégé Sebastian Vettel winning the race in his Ferrari




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Hamilton '99.6%' done on new Mercedes £27m deal

Lewis Hamilton is closing on a new Mercedes deal reportedly worth £27 million a year and he expects it to be closed this week




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2014 upheaval was crucial for Ferrari future - Allison

Ferrari technical director James Allison says the sweeping changes made to Ferrari over the winter are making it stronger every month following the team's first victory since May 2013 on Sunday




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Environmental Insights Interview with Nick Stern

An exclusive interview with Lord Nicholas Stern, one of the world’s foremost experts on climate change.

 




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Insight 219: Singapore in the Global Energy Transition

For decades, Singapore has been a premier refinery hub and gatekeeper between Asia and the Middle East, but its position is increasingly threatened as producer countries are shifting into the downstream activities that helped make Singapore the “Houston of Asia”. Oil and petrochemicals drive about one quarter of Singapore’s net exports. Greater competition in the global oil and gas value chain could take a heavy toll on the city-state’s national budget and economic growth prospects.




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Why the U.S. Withdrawal from the Paris Climate Accord is a Mistake

The authors explain why the Trump administration's reiteration of its intent to finalize U.S. withdrawal from the Paris Agreement is a tragic mistake that will weaken us as a nation.




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How Clean is the U.S. Steel Industry? An International Benchmarking of Energy and CO2 Intensities

In this report, the authors conduct a benchmarking analysis for energy and CO2 emissions intensity of the steel industry among the largest steel-producing countries.