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41. Are Small Modular Reactors Europe’s Energy Salvation?

Author:
Manuel Herrera
Publication Date:
11-2022
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
Nuclear power has never lived up to expectations due to its enormous development, construction and maintenance costs, as well as safety concerns. However, governments committed to ambitious climate change targets have taken a second look at it. In Europe, for instance, in January this year, the European Commission added nuclear power to the list of projects eligible for green financing and, in July, included it in its taxonomy.[1] Russia’s invasion of Ukraine, meanwhile, has sent fossil fuel prices soaring and put energy security at the top of the political agenda in Europe.
Topic:
Climate Change, Nuclear Power, and Energy
Political Geography:
Europe and Eastern Europe

42. Italy’s Election and the Rise of Hard Right Conservativism

Author:
Andrea Dessì and Vassilis Ntousas
Publication Date:
09-2022
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
Should the polling prove accurate, Italy will soon be governed by its most radical right-wing government since World War II. Come 25 September, a coalition of political parties – dominated by the hard-right and anti-migrant Brothers of Italy party (Fratelli d’Italia – FdI) and Matteo Salvini’s League (Lega) – appears poised to secure a clear, if not resounding, majority in parliament. This will return Italy to a right-wing government, the first since Silvio Berlusconi’s centre-right coalition collapsed amidst the risk of Italian bankruptcy back in 2011. Despite its neo-fascist roots, heading the polls with about 25 per cent of the vote is Giorgia Meloni’s FdI, the frontrunner to become the country’s first female premier and first far-right head of government in Italy’s Republican history.[1] Salvini’s League and Silvio Berlusconi’s Go Italy (Forza Italia) party are the other major members of the right-wing coalition, whose impact if elected will reverberate far beyond Italy. For Europe, the polls are another indication of the spread of hard-right conservativism, following the French National Front’s electoral gains over the past few years and the recent victory by the Sweden Democrats this September.
Topic:
Foreign Policy, Elections, Far Right, Political Parties, and Domestic Policy
Political Geography:
Europe and Italy

43. Italy’s Far-Right and the Migration Debate: Implications for Europe

Author:
Julian M. Campisi and Cecilia Emma Sottilotta
Publication Date:
09-2022
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
Following the collapse of Mario Draghi’s national unity government in July, Italy is set to elect a new parliament on 25 September 2022, the first general election since 2018. Grappling with a myriad of socio-economic and energy challenges, the next government will face significant hardship in turning the tide, with Italy widely expected to be governed by a right-wing conservative government at a time when all indications point to Italy moving into recession in 2023. A conservative coalition of far- and centre-right parties, led by Brothers of Italy (Fratelli d’Italia – FdI), the League (Lega) and Go Italy (Forza Italia) party, is expected to win a significant majority of seats in parliament. While Russia’s invasion of Ukraine and the ensuing inflation and energy crisis have dominated the electoral campaign, other issues should not be overlooked, not least in light of their impact on domestic politics as well as broader Italy–EU relations.
Topic:
Foreign Policy, Migration, Elections, Far Right, Political Parties, and Domestic Policy
Political Geography:
Europe and Italy

44. Putin vs Monnet: European Resilience, Energy and the Ukraine War

Author:
Nathalie Tocci
Publication Date:
09-2022
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
As the Ukraine war escalates with no end in sight, Europe’s resilience is put to test. Nowhere is this clearer than in the energy sphere, where the crisis first created the perfect timing for Russia’s invasion and then became weaponised against Europe in the broader confrontation with the West. In this confrontation, two interpretations of resilience come to the fore: Vladimir Putin and Jean Monnet’s, with the former emphasising pain endurance and the latter transformation through crisis. The jury is out on whether Putin or Monnet will win the day, and whether and how the European Union will prove and strengthen its resilience. But at the height of this crisis, my bet today is squarely on Jean Monnet.
Topic:
Climate Change, Politics, European Union, Institutions, Energy, and Russia-Ukraine War
Political Geography:
Russia and Europe

45. NATO’s New Strategic Concept: Novelties and Priorities

Author:
Alessandro Marrone
Publication Date:
07-2022
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
NATO’s new Strategic Concept provides a clear set of guidelines for the Alliance in a mid-term perspective. Adopted on 29 June in Madrid, the Concept outlines a number of priorities stemming from Russia’s war on Ukraine, but also puts forward relevant novelties concerning China and the Indo-Pacific. During the NATO Summit in Madrid, alliance members affirmed that Russia can no longer be considered a partner, effectively internalising the geopolitical earthquake represented by the return of a major conventional and multi-domain war on European soil.[1] The Strategic Concept also identifies deterrence and defence as the Alliance’s number one priority, in comparison to the other core tasks: crisis prevention and management and cooperative security.
Topic:
Security, Defense Policy, NATO, and Strategic Planning
Political Geography:
Russia, China, Europe, and Asia

46. Sense and Nonsense behind Energy Price Caps

Author:
Daniel Gros and Nathalie Tocci
Publication Date:
07-2022
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
In official circles at the highest level, from the G7 to the European Council, a tense debate is taking place on what to do about spiralling gas and oil prices, which have either broken or have come dangerously close to breaking record territory. In Europe, a special meeting of the European Council on energy was originally scheduled for the fall, but is now being brought forward, while the European Commission is working on an emergency plan to prepare for a complete cut-off of Russian gas. Energy prices dominate the agenda of our leaders. Yet it is a confused and often confusing debate that is worth unpacking.
Topic:
Climate Change, Oil, Gas, and Energy
Political Geography:
Russia and Europe

47. European Defence: Time to Act

Author:
Alessandro Azzoni
Publication Date:
07-2022
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
The Russian invasion of Ukraine on 24 February 2022 has renewed momentum on the long-standing debate on EU defence, convincing many that the time for concrete steps to meet this ambition – the building of a united European defence grounded in its own strategic and technological autonomy – has finally come. Talks have been ongoing for some 68 years – that is, since the French parliament sunk the European Defence Community project back in 1954. The manifest broadening of public consensus for the idea of European defence is not enough. Thorough technical assessments will be needed to identify priorities and strike an acceptable balance between reducing duplications, optimising expenses and the inevitable transfer of some elements of strategic and operational “sovereignty” in the military domain.
Topic:
Defense Policy, European Union, Defense Industry, Procurement, and Common Security and Defence Policy (CSDP)
Political Geography:
Europe

48. The De-Globalisation of Oil: Risks and Implications from the Politicisation of Energy Markets

Author:
Rafael Ramírez
Publication Date:
07-2022
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
The EU’s announced ban on Russian oil imports is a strong political measure that will heavily impact international energy markets, restricting the supply of 4.1 million barrels per day (mbd) of oil and derivates to a market which is a net importer of 10.72 mbd.[1] The EU’s ban, which is due to fully come into effect between December 2022 and February 2023, combined with the US’s previous ban of 600 thousand barrels a day (tbd), means that 4.7 mbd of Russian oil and derivatives are being removed from these high oil consuming markets (35.9 mbd in total). If we add the 1.3 mbd of oil that Iran has stopped producing due to US sanctions reintroduced in 2018, we reach a volume of 6 mbd of oil that is restricted or out of the market due to political decisions. The Russian invasion of Ukraine and the unprecedented sanctions and oil ban imposed on Moscow, combined with the previous oil sanctions against Iran, are fast advancing a new geopolitical reality: the de-globalisation of the international oil market.
Topic:
Oil, Sanctions, European Union, Energy, and Russia-Ukraine War
Political Geography:
Europe

49. The Russian Economy Is Muddling Through the Sanctions War

Author:
Oleg Buklemishev
Publication Date:
07-2022
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
The transatlantic campaign of sanctions against Russia after its aggression of Ukraine is unprecedented in scale and scope, involving not only dozens of democratic states but also many non-state actors. It imposes considerable barriers and additional cost to the functioning of the Russian economy, which is bound to undertake deep restructuring with far-reaching consequences for production and consumption processes. The current appreciation of the rouble and inflationary slowdown are not signs of improvement but rather the direct effects of the stabilisation measures undertaken and, in fact, bode ill for further economic development. Numerous problems have started to surface this summer and optimistic assessments on the basis of initial resilience of the Russian economy look premature. Russia currently lacks a strategic plan of economic restructuring under the new environment. The future course of events will depend on whether the private sector leads this restructuring with minimal losses or the government imposes its normative prospective, tilting the result farther from economic equilibrium.
Topic:
Sanctions, European Union, Economy, and Russia-Ukraine War
Political Geography:
Russia, Europe, and Ukraine

50. Not Yet Time for Diplomacy. Lessons from Italy’s Ill-Conceived Peace Plan for Ukraine

Author:
Riccardo Alcaro and Nona Mikhelidze
Publication Date:
06-2022
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
Few may have noticed, but Italy recently advanced its own diplomatic proposal for a resolution of the war in Ukraine. Rome’s ambitious peace plan[1] received little international recognition, although it was reportedly shared with the Quint – an informal consultation group comprising the United States, France, Germany, the United Kingdom and Italy – and formally presented to UN Secretary General António Guterres on 18 May 2022.[2] Crucially, the plan failed to impress the leaderships in both Ukraine[3] and Russia,[4] leading Foreign Minister Luigi Di Maio to put it aside on the grounds that circumstances are not “ripe” for such an initiative.[5]
Topic:
Foreign Policy, Diplomacy, Peace, and Russia-Ukraine War
Political Geography:
Russia, Europe, Ukraine, and Italy