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14651. National Oil Companies and the Energy Transition: Ecopetrol's Acquisition of an Electric Transmission Company

Author:
Mauricio Cardenas and Luisa Palacios
Publication Date:
08-2021
Content Type:
Commentary and Analysis
Institution:
Center on Global Energy Policy (CGEP), Columbia University
Abstract:
The energy transition strategies of international oil companies have come under increased scrutiny from investors and the media as countries across the globe grapple with targets to reduce greenhouse gas emissions.[1] It is unclear if national oil companies (NOCs) are going to feel the same pressure given their government-majority ownership and, if so, how they will adjust their business models. This commentary explores recent moves by Colombian national oil company Ecopetrol to adapt to the energy transition, especially its bid to acquire a majority stake in Interconexión Eléctrica SA (ISA), an electricity transmission company, for 14.2 trillion Colombian pesos (equal to about $3.6 billion).[2] The proposed acquisition was met with mixed reactions, with some critics suggesting it was an opportunistic move on the part of the Colombian government (which has a majority interest in both companies) to book some revenues and reduce the ballooning fiscal deficit. But rather than analyzing its fiscal merits, this piece analyzes the potential transaction from the viewpoint of Ecopetrol and whether there are lessons from the deal for other NOCs navigating the energy transition. This commentary begins with a brief background on both companies and the potential benefits for Ecopetrol in pursuing a path that is different relative to what some other oil companies are doing in order to adjust their business models. Ecopetrol faces specific as well as regional challenges that make transition strategies used by the European oil companies less attractive. The piece then discusses how, if part of the goal of the acquisition is to accelerate Ecopetrol’s energy transition and to add shareholder value, a number of complementary actions should be taken to help with the governance aspect of this acquisition while at the same time strengthening Ecopetrol’s pledge to become net zero by 2050. For example, in arranging financing, Ecopetrol could explore issuing an environmental, social, and governance (ESG) bond where the proceeds are earmarked for the purchase of ISA, which is already a net-zero company. In addition, the coupon rate could be linked to specific emissions reductions on Ecopetrol’s oil and gas activities. Tying these targets to the coupon rate could be seen as a credible mechanism to ensure that the company will comply with its ambitious climate goals. In addition, we propose that Ecopetrol maintain ISA’s current governance structure unmodified and preserve its operational independence. This would allow ISA to benefit from its investment grade status (which Ecopetrol does not enjoy) and continue to deploy its capital expenditures (CapEx) plan geared toward investing in Latin America’s electricity sector without interference. To conclude, this transaction by itself does not guarantee a successful energy transition for Ecopetrol’s core business. If Ecopetrol’s goal is to diversify its portfolio of activities and reduce its carbon footprint, then it should ensure the sum of the two companies results in synergies that reduce emissions beyond what each one of them can achieve individually. This is not a guaranteed outcome but one that will depend on how ISA performs under Ecopetrol’s ownership, the extent to which this transaction brings new opportunities in the renewable energy space, and how the revenues derived from this acquisition help to finance the decarbonization of Ecopetrol.
Topic:
Energy Policy, Oil, Regional Cooperation, Natural Resources, and Renewable Energy
Political Geography:
Colombia, South America, and Latin America

14652. Getting to 30-60: How China’s Biggest Coal Power, Cement, and Steel Corporations Are Responding to National Decarbonization Pledges

Author:
Edmund Downie
Publication Date:
08-2021
Content Type:
Special Report
Institution:
Center on Global Energy Policy (CGEP), Columbia University
Abstract:
In September 2020, China announced its intentions to peak carbon emissions by 2030 and achieve carbon neutrality by 2060. The neutrality goal in particular was a breakthrough for global climate ambitions: a net-zero target from the world’s largest emitter, responsible for around one-quarter of global greenhouse gas (GHG) emissions. The two new goals—referred to in Chinese policy discourse as the “30-60” goals—are not China’s first public targets on GHG reduction. They are, however, the centerpieces of a new Chinese climate policy in which GHG cuts are a standalone goal rather than an ancillary benefit of more immediate priorities like energy efficiency and industrial upgrading. Prior approaches had required little engagement from firms in carbon management. Indeed, none of the largest Chinese firms in the coal power, cement, and steel sectors had publicized quantitative targets for reducing or controlling carbon emissions before the government announced the 30-60 goals. They faced little pressure to do so; authorities pressed firms in climate-adjacent areas like reducing air pollution rather than carbon management. The 30-60 announcement appears to mark a break from this era, forcing firms to adjust accordingly. This report, part of the China Energy and Climate Program at Columbia University’s Center on Global Energy Policy, assesses how China’s high-emitting industries have responded to the 30-60 targets and the accompanying elevation of climate within national policy priorities. It focuses on corporate and sectoral emissions reduction targets through June 2021 among 30 major firms in three of China’s largest sources of direct emissions: coal power generation, cement, and steel.
Topic:
Energy Policy, Natural Resources, Infrastructure, Coal, Industry, and Decarbonization
Political Geography:
China and Asia

14653. Europe and the challenge set by history

Author:
Alain Lamassoure
Publication Date:
11-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
Irrespective of the beatification of Robert Schuman by the Church, many consider the greatest achievement of European construction to be a miracle. Contrary to what is often said, the first success of this process is not peace: it would be childish to claim that, without the Treaty of Rome, a third world war would have started on the Old Continent. Instead, the real success, which can be described as a miracle because it has no historical precedent anywhere else in the world, is the reconciliation between neighbouring peoples who had considered themselves hereditary enemies for centuries. European peace, a profoundly original pax europeana, is not simply the absence of war. It is indeed peace of mind. Our fathers hated each other's guts, our children are now getting married. Not only can no one imagine an armed conflict between our countries, but a kind of informal pacifism has become so natural to the present generations that the mere association of 'Europe' and 'peace' makes them yawn with boredom. To the point, moreover, of complicating the establishment of a European defence system, which we need ... because the rest of the world is not at all resistant to war. But nothing lasts forever in this world, especially not miracles. It is our duty to consolidate and root it. Firstly, this requires handing down the narrative and the lessons to the younger generation. Therefore, by teaching history in school.
Topic:
History, Regional Integration, and Peace
Political Geography:
Europe

14654. EU sets new course for the Arctic

Author:
Laurent Mayet
Publication Date:
11-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
The European Union's strengthened engagement in the Arctic, presented on 13 October, marks two new directions in the Union's diplomatic positioning: a strategic and security turn, and the absolute priority given to the fight against climate change.
Topic:
Security, Climate Change, Diplomacy, and European Union
Political Geography:
Europe and Arctic

14655. The rule of law in Poland or the false argument about the primacy of European law

Author:
Eric Maurice, Emilie Malivert, and Ana Pasturel
Publication Date:
11-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
On 24 November, the Polish Constitutional Tribunal ruled that the European Convention on Human Rights was partially incompatible with the country's constitution. In July and October, it had issued similar rulings on the Treaty on European Union (TEU). This double decision comes as the European Commission suspended the approval of Poland's €36 billion recovery plan, including €23.9 billion in EU grants, due to concerns about the rule of law. On 19 November, the Commission also sent a letter to the Polish government as a prelude to the launch of a procedure that could lead to the suspension of EU funds under the budgetary conditionality regulation. The confrontation between the Polish government and the European institutions, primarily the Commission and the European Court of Justice, has been presented by the Polish government as a struggle of principle between the primacy of European law, which was allegedly being imposed excessively on Member States, with "the national legal order and the supreme force of the Constitution” being under threat. The Polish Prime Minister, Mateusz Morawiecki, explained that the implementation of EU law, as requested by the CJEU, would lead to "a fundamental lowering of the constitutional standards of judicial protection of Polish citizens, and unimaginable legal chaos". Beyond the grandstanding and responses in support of an effort to defend the sovereignty of peoples, it appears that the weakening of these constitutional norms in recent years in Poland is precisely what has led the Constitutional Tribunal to partly denounce the TEU (European Union) and the European Convention on Human Rights (Council of Europe), and that the quarrel over the primacy of European law is essentially a smokescreen to hide this situation.
Topic:
Human Rights, Sovereignty, Constitution, Rule of Law, Institutions, and Norms
Political Geography:
Europe and Poland

14656. Europe-India: new strategic challenges

Author:
Karine Lisbonne de Vergeron
Publication Date:
12-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
The most recent India-EU summits, held on 15 July 2020 and 8 May 2021, significantly enhanced the strategic dimension of the bilateral relationship. India was one of the first countries to establish diplomatic relations with the European Union when representatives of the then EEC met with several Indian diplomats based in Europe in 1961. But it was not until much later that the first high-level summit between India and the EU took place in Lisbon in June 2000, marking the real beginning of meaningful bilateral relations. It was followed in 2005 by the launch of a “strategic partnership” between the two parties. The push to deepen bilateral cooperation in recent years is all the more important and necessary given that economic and political relations between Europe and India have long been better defined with individual Member States, rather than with the European Union as a whole. This has been reinforced by a certain inertia in the intensity of the bilateral link over the years, as EU-India bilateral summits, although annual in principle, were blocked between 2012 and 2016 and the negotiations launched in 2007 for a Free Trade Agreement are still ongoing. The strategic strengthening of Indo-EU dialogue over the past three years therefore marks an important turning point and underlines a clear commitment to move forward on major issues of common interest to move beyond piecemeal politics and give the bilateral relationship a more strategic, long-term focus.
Topic:
Diplomacy, Bilateral Relations, European Union, and Partnerships
Political Geography:
Europe and India

14657. The Covid-19 pandemic, what lessons for the European Union?

Author:
Sylvain Kahn
Publication Date:
12-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
The European Council of 16th December 2021 once again focused on the public health situation and, more generally, on "work to strengthen our collective preparedness, response capacity and resilience to future crises". This includes learning as much as possible from the lessons of the pandemic as the Omicron variant spreads rapidly around the world.
Topic:
European Union, Crisis Management, Public Health, and COVID-19
Political Geography:
Europe

14658. The European Central Bank’s Monetary Policy Strategy Review: the key to a return to sustainable growth in Europe

Author:
Nicolas Goetzmann
Publication Date:
05-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
On 23 January 2020, a few weeks before the Covid19 pandemic began, Christine Lagarde, President of the European Central Bank (ECB), announced that a "strategy review" would be held with the aim of evaluating the monetary policy conducted since May 2003, the date of the last "review". Faced with an inflation rate significantly below 2%, whereas its objective is "below but close to 2% over the medium term", the ECB had no choice but to carry out such a procedure.
Topic:
Monetary Policy, Economic Growth, European Central Bank, and Sustainability
Political Geography:
Europe

14659. Sanctions, a privileged instrument of European Foreign Policy

Author:
Ramona Bloj
Publication Date:
06-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
The value of sanctions does not only lie in their effectiveness. Sanctions are often a means of sending a clear signal of disapproval, a foreign policy stance, more moderate than an embargo, less dangerous than military retaliation. It is thus halfway between inaction and violent overreaction. In this respect, it is not surprising that the European Union has made it a privileged instrument of its foreign policy
Topic:
Foreign Policy, Sanctions, and European Union
Political Geography:
Europe

14660. The Franco-Italian relationship on the eve of the Quirinal Treaty: between asymmetry and proximity

Author:
Gilles Gressani
Publication Date:
06-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
Leonardo da Vinci, Mazarin, Dalida ... Since the Renaissance, and with astonishing continuity, the Franco-Italian connection has become a given in European history. The two States are shaped by similar political models and have comparable economic structures. They have experienced similar social crises, trajectories and a homogeneous sense of decline[1]. France, Italy's leading investor and third largest country for the establishment of Italian subsidiaries, is Italy's second largest trading partner and Italy is France's second largest trading partner: in 2019, before the Covid crisis, the volume of trade between the two countries was close to €90 billion. The interconnection and proximity between a significant share of the two populations is expressed by language, a certain lifestyle, the relationship to heritage, a common culture: Latin, Mediterranean, European. Reflecting on the relations between these two areas since the 17th century, three historians have recently taken up this old idea: France and Italy are "two sister nations" whose history is increasingly "intertwined[2]". This proximity, which seems so obvious, brings a paradox to the fore. Can we really say that within the framework of European integration there is a FrancoItalian dimension, in the same way as there is one that is Franco-German?
Topic:
Bilateral Relations, Regional Integration, Trade, and Asymmetric Relations
Political Geography:
Europe, France, and Italy

14661. Governance of the European Union: changing approaches without changing the treaties: A free proposal for reflection on the future of the Union

Author:
Jean-Dominique Giuliani
Publication Date:
06-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
The European Union has become part of the political landscape. Within the nations of the continent, integration is no longer criticised in principle, but it is so now in its conditions. The Union has established itself on paper. It must prove itself in reality. Yet its effectiveness in action is regularly challenged[1]. Thus, with regard to the fight against the Covid19 pandemic, the Commission has seen the main criticisms of slowness, bureaucracy and even lack of transparency focused on the European institutions, arguments which were already being levelled at it with regard to other policies such as competition or trade. This is the paradox of a European construction that is about to celebrate its 70th anniversary. It was on 18 April 1951 that the first European treaty was signed, the one establishing the European Coal and Steel Community. As it has become more and more accepted, it has been increasingly questioned. Its methods of action must adapt to a new era.
Topic:
Treaties and Agreements, Governance, and European Union
Political Geography:
Europe

14662. From the Barcelona Process to the Programme for the Mediterranean, a fragile partnership with the Pierre MIREL European Union

Author:
Pierre Mirel
Publication Date:
06-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
In Barcelona in 1995, the European Union and its southern partners[1] committed to making the Mediterranean basin an area of dialogue, exchange and cooperation, ensuring “peace, stability and prosperity.” Twenty-five years later, the southern shore of the Mediterranean faces immense challenges: governance, corruption, migration, terrorism, security, environment and climate, in addition to conflicts, geopolitical competition and external interference. This is the bitter assessment of the Commission and the High Representative of the Union for Foreign Affairs and Security Policy, Vice-President of the European Commission[2] in their Communication on a new programme for the Mediterranean. The civil wars in Algeria, Lebanon, Syria and Libya cannot, of course, be used to describe the EU's policy since 1995 as a failure. This would imply that the EU's policy has played a role that was not possible given the underlying forces at play in these regions. However, this policy has not lived up to the hopes it first raised. The Union has taken a succession of initiatives over the past twenty-five years, but the 'partnerships', 'privileged status' and other 'strategic agreements' have not been able to mask the shortcomings and lack of financial resources. Will the new programme, presented as 'ambitious and innovative', be able to respond to the challenges set?
Topic:
European Union, Partnerships, Arab Spring, and Regional Integration
Political Geography:
Europe, Middle East, and Mediterranean

14663. Participating in European sovereignty through law

Author:
Hugo Pascal
Publication Date:
06-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
In the late 1980s, as the debate about the decline of American hegemony intensified[1], economist and political scientist Susan Strange emphasised the 'structural power' of the United States, understood as “the power to determine the frameworks of the global economy that has allowed it to choose and shape the structures within which other countries, their political institutions, businesses and professionals must operate”[2]. In Europe, the reputedly "extraterritorial" scope of certain US laws, illustrated by the heavy fines imposed by the American authorities on continental companies, could be considered as one of the most immediate manifestations of this power. It also appears to be a response to the new gap created by globalisation between a now deterritorialized market and regulatory States that are no longer homogeneous and superimposed[3], and this at a time when the institutions of international economic regulation often seem to be in deadlock. The growing interdependence between economies, enabled by globalisation and encouraged by free trade, has gradually eroded the markets established by borders to such an extent that the nation-State, conceived as the protector of a narrowly defined territory, could be considered a historically dated model[4], without a new body with a general scope having been able, to date, to replace it in its tasks, such as the fight against financial crime. In this new complex system, «new geopolitics of norms» has been created.[5] Europe must find its rightful place within it so that it can assert its sovereignty.
Topic:
Sovereignty, Law, Geopolitics, and Norms
Political Geography:
Europe

14664. Fit for 55: towards the achievement of an ambitious European political compromise for climate

Author:
Clémence Pèlegrin
Publication Date:
07-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
The adoption by the European Parliament of the Climate Law on 24th June last and by the Council on 28th endorses the binding nature of the target to reduce greenhouse gas (GHG) emissions "by at least 55%" by 2030, compared to 1990 emission levels. After several months of sometimes heated dialogue between Member States, this adoption is a significant step forward in the EU's commitment to fight climate change under the Paris Agreement. On 14 July next, the ‘Fit for 55’ package, which is part of the Commission's work programme for 2021, will be published. This package will be presented in the particular context of the submission by Member States of their recovery plans and their assessment - and, where appropriate, support - by the Commission. This support is to be given with regard to compliance with the eleven assessment criteria defined by the Commission, two of which relate more specifically to climate and the environment. The first criterion concerns Member States' compliance with the 37% target for climate-focused expenditure. The second involves the respect of the “to do no significant harm” principle. For example, on 21st June, the Commission approved the Austrian recovery plan, which provides for 59% of recovery expenditure to be earmarked for the climate, well above the regulatory target of 37%. It is therefore in this context, which includes the confirmation of the Climate Law and the steering of recovery plans, that the future "Fit for 55" package will take place.
Topic:
Climate Change, Politics, European Union, and Carbon Emissions
Political Geography:
Europe

14665. Covid-19 Crisis and European Mobility: What lessons have been learnt? And what of the future?

Author:
Nicolas Blain
Publication Date:
07-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
Who would have thought that the European Commission, a year and a half after the start of the pandemic, would introduce a "European Covid certificate", a sesame allowing people to travel without difficulty within the European Union? The global impact of the Covid-19 health crisis led to this science-fiction scenario, after turmoil of unprecedented violence, which first shook the foundations of European unity and then damaged, probably permanently, despite the tangible success of the vaccination campaigns, all forms of European mobility and the various ecosystems linked to it. In this summer of 2021, synonymous with hope but also with nagging doubts, what initial conclusions can be drawn from the seismic event that the pandemic has caused for the mobility of European citizens, and what new positive prospects are opening up for the various mobility sectors, all of which are facing a before and after Covid-19?
Topic:
European Union, Crisis Management, Mobility, and COVID-19
Political Geography:
Europe

14666. Who will succeed Angela Merkel? Germany in a state of uncertainty three weeks before the federal elections

Author:
Corinne Deloy
Publication Date:
09-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
On 9 December, the President of the Federal Republic of Germany, Frank-Walter Steinmeier, informed his fellow citizens that the next federal elections would take place on 26 September 2021. 54 political parties are standing for election, a record number in Germany's history. In the 1990s and early 2000s, fewer than 30 parties ran. In the last federal election in 2017, there were 42. The only certainty of the election is that Germany will have a new chancellor since Angela Merkel, after 16 years of government by her party, the Christian Democratic Union (CDU) and the Social Democratic Party (SPD) in a "grand coalition", with the exception of the years 2009-2013 when she governed with the Liberal Democratic Party (FDP), is not seeking reelection. After four terms as the head of the country's government, Angela Merkel remains very popular: last May, she held 60% of positive opinions and was ahead of all other political figures in Germany. "Germans appreciate Angela Merkel as a good manager, a chancellor who always seeks compromise,” declared Markus Inden of Trier University.
Topic:
Elections, European Union, Domestic Politics, and Angela Merkel
Political Geography:
Europe and Germany

14667. In support of European Apprenticeships “Only the interest of the trainees counts”

Author:
Jean Arthuis
Publication Date:
09-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
The European Union’s flagship programme, Erasmus+ is about to celebrate its thirty-fifth anniversary. It is both a formidable instrument for mobility, helping young people to discover other practices and other cultures and to speak a foreign language, as well as a formidable lever for broadening professional horizons and opening up to European citizenship. In recognition of its success, the Council and the Parliament have just increased its budget by 80% for the coming years. This financial effort will ensure that its benefits are finally spread to all young people, beyond the ranks of higher education. The "generations of Erasmus students" still include few apprentices who have experienced genuine immersion, long enough to produce all its beneficial effects. Mobility is a factor of inclusion offered to all young people, in particular to those who have struggled to find their place in general education. Vocational training is a healthy alternative because it gives confidence and self-esteem. Through apprenticeship, all young people, regardless of their educational background and abilities, are able to reveal their personal talent, which is often ignored and sometimes thwarted by the academic framework. The combination of learning and mobility, which is still unusual, is certainly a path to excellence. Its deployment is overdue, in the interests of young people, employers and the economy of the EU Member States.
Topic:
European Union, Employment, Economy, Mobility, and Inclusion
Political Geography:
Europe

14668. The Common Agricultural Policy 2023-2027 Change and Continuity

Author:
Bernard Bourget
Publication Date:
09-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
It was on 25 June, at the end of the Portuguese Presidency of the Council of the European Union, that the agreement on the Common Agricultural Policy (CAP) for the years 2023 to 2027 was adopted, three years after the publication of the Commission's proposals for a regulation on 1 June 2018. Before examining the content of this “new” CAP, It would be worthwhile to recall the changes it has undergone over the last three decades, since the major reform of 1992, and to take stock of them. A policy is considered to be alive if it can evolve and adapt to changes in its environment. From this point of view, the CAP is still very much alive.
Topic:
Agriculture, Environment, and European Union
Political Geography:
Europe

14669. The AUKUS agreement, what repercussions for the European Union?

Author:
Elie Perot
Publication Date:
09-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
On 15 September, Australia, the United Kingdom and the United States announced the formation of a partnership called "AUKUS", with the aim, among other things, of providing the Australian Navy with nuclear-powered submarines over the next few decades. This trilateral agreement, presented by US President Joe Biden as responding to "the imperative of ensuring peace and stability in the Indo-Pacific over the long term", serves the unstated but obvious purpose of counterbalancing an increasingly powerful, and sometimes aggressive, China in its neighbourhood and on the international scene. As such, the AUKUS agreement is not in itself fundamentally opposed to the objectives and interests of the European Union and, in particular, of France - the Member State that had been until now most strongly engaged in the Indo-Pacific in response to the Chinese challenge. Yet the announcement of the trilateral partnership between Canberra, Washington and London led to a particularly severe crisis with Paris, with France losing a major deal it had had with Australia since 2016 for the supply of 12 conventionally powered (dieselelectric) submarines. With the telephone exchange between Presidents Joe Biden and Emmanuel Macron on 22 September, during which it was acknowledged that "the situation would have benefitted from open consultations among allies on matters of strategic interest to France and our European partners", it is possible that the worst of this diplomatic crisis is now over. The question now is whether this sequence, which at first sight was played out at the bilateral level between France and the three AUKUS states, could have wider and longer-term repercussions at the EU level. With this in mind, this paper first proposes to understand the new AUKUS agreement in its proper perspective, since above all it signifies a reinforcement of military industrial cooperation between Australia, the United Kingdom and the United States rather than a true diplomatic revolution with regard to China. The paper then looks at the French response to this new partnership, emphasising that it was first and foremost the secrecy surrounding the formation of AUKUS, and not so much the resulting breach of the Franco-Australian submarine contract, that led to such high levels of diplomatic tension. Finally, this paper seeks to assess the extent to which France succeeded in bringing this crisis to the European level, with what consequences, but also what limitations.
Topic:
Treaties and Agreements, European Union, and Partnerships
Political Geography:
United Kingdom, Europe, and Australia

14670. The New European Pact on Immigration and Asylum can it respond to future migration challenges?

Author:
Catherine Wihtol de Wenden
Publication Date:
10-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
In September 2020, the European Commission, through its Chair Ursula von der Leyen, launched the third European Pact on Immigration and Asylum, The first one dates from 2008 and the second from 2014, i.e. one every six years. This pact, like the previous ones, is not a treaty but a consensus commitment on common principles for the governance of migration and asylum in Europe. In the context in which it is set, it requires more compromise than the previous ones: the Syrian crisis of 2015 revealed the lack of solidarity between Member States regarding the reception of Syrian refugees, the lack of trust between States regarding the proposals made by the European Commission to “share the burden”, with Jean-Claude Juncker's quotas and the divide between Eastern and Western Europe between the socalled Višegrad countries (Poland, Hungary, Czech Republic, Slovakia) and Western Europe, notably Germany, which received more than one million asylum seekers in 2015. It will therefore take more time for the new Pact to be adopted unanimously by the European Council and undoubtedly, more negotiations and even bargaining. In the current context, following the US withdrawal from Afghanistan and the Taliban takeover, which raises concerns about the arrival of new Afghan refugees, does the new Pact offer the necessary instruments to formulate a common and effective response to future migration challenges?
Topic:
Migration, Treaties and Agreements, Immigration, European Union, and Asylum
Political Geography:
Europe

14671. The 23rd EU-Ukraine Summit at a time of changes

Author:
Milàn Czerny
Publication Date:
10-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
On August 24th, Ukraine celebrated the 30th anniversary of its independence. This offered a window of opportunity for the country’s president, Volodymyr Zelensky, to mobilise the population domestically around patriotic rhetoric and, internationally, to engage in diplomatic initiatives. However, on both fronts, the Ukrainian leader faces important challenges: mounting Covid-19 cases, intensification of Russian pressure, and Western states’ refusal to meet Kyiv’s expectations. The EU-Ukrainian summit planned on October 12th 2021 represents the occasion for both sides to reflect on these difficulties and for the EU to clarify its position vis-à-vis its eastern neighbour.
Topic:
International Relations, Diplomacy, European Union, and COVID-19
Political Geography:
Europe and Ukraine

14672. EU Space policy: an underestimated success

Author:
Massimiliano Salini
Publication Date:
10-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
When we talk about EU integration and successful EU policies, we are usually referring to Erasmus, the CAP, and the Single Market. Indeed, we refer too little to the EU Space policy, which is the only one that enjoys a truly European infrastructure[1]. It was in 2009, with the Treaty of Lisbon, that the space policy became one that is European since it is shared between Member States. Article 189 of the Treaty on the Functioning of the European Union (TFEU) states: "To promote scientific and technical progress, industrial competitiveness and the implementation of its policies, the Union shall draw up a European space policy.” Since then, the EU flagship programmes, Galileo and Copernicus, have been launched, representing a true European success. 2021 will mark the anniversary of the adoption of the first comprehensive European Space Programme, a regulation to which I have dedicated the last three and a half years as Rapporteur for the European Parliament. However, despite the success of the European space policy, this sector, which counts for almost 10% of the EU’s GDP, is still unknown to many European citizens. An example that effectively explains this lack of knowledge is represented by the satellite navigation system, Galileo. Despite it being the most accurate navigation system in the world, used today by one billion devices at global level, most European citizens do not even know of its existence, using the name of its American competitor when they refer to it. This lack of knowledge is clearly to blame on a lack of communication on the part of the EU’s institutions, as is the case for many other European success stories, but this is not the only explanation. In the following text, I will try to explain the complexity of the space policy, but also the potential behind this underestimated success.
Topic:
Governance, European Union, Regional Integration, and Institutions
Political Geography:
Europe

14673. Energy price hikes: which European solutions?

Author:
Ramona Bloj
Publication Date:
10-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
As energy prices rise around the world, against the backdrop of the post-Covid economic recovery, the 27 EU leaders discussed what Europe could do to ease the pressure on consumers at the European Council on 21-22 October. The increase in prices is due to a particular international context and is affecting all countries: China is facing electricity shortages in many provinces due to insufficient coal supply, and in the United States the price of natural gas has risen by more than 150% since the beginning of the year. However, this increase raises questions about Europe's energy strategy and its impact on climate objectives, just a few days before the opening of COP26 in Glasgow.
Topic:
Climate Change, Economics, Energy Policy, and COVID-19
Political Geography:
Europe

14674. The Biden transition

Author:
Simon Serfaty
Publication Date:
01-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
During the grotesque years of the Trump administration, and after its extraordinarily contested departure, the admittedly romantic idea of the United States has turned into a thing of the past—no longer the do-good democracy it used to be, but now a country unpredictably reactive rather than preventive, vindictive rather than proactive, and exclusive rather than inclusive. In June 2020, the nation’s pride reached a 20-year low, with only 42 percent of the respondents “extremely proud” to be American, down from 69 percent in 2003. And according to a Wall Street Journal poll, four Americans in five found the country “out of control.” By year’s end, aberrant talk that military force might be used, and martial law imposed, for a targeted “rerun” of the election was historically unreal but left many afraid about the future of the nation. When votes which have been counted no longer count, integrity is dismissed, character no longer matters, alternative facts are deemed real, and feeling right takes precedence over being right, then there is nothing left to hold on to. As Bertolt Brecht sarcastically suggested in 1953—time “to dissolve the people and elect another.” Throughout, the world has watched in dismay. For much of the previous century, America was the country much of the world came to rely on for its promises, a country that not only counted but one that could be counted on decisively. But now, the trust is gone: wrote former Secretary of State George Shultz on his one hundredth birthday, “a belief that what [our] nation … commits to do will, in fact be done” and what it “says will happen is, in fact, capable of being done.” A September 2020 survey by the Pew Research Center in 13 nations, all wealthy democracies, showed America’s reputation and over all confidence in its president in steady decline, often at their lowest points since these surveys began twenty years before—with more confidence in Xi Jinping (19 per cent) and Putin (23 per cent) than in Trump (16 percent). Such findings have been repeated since—en pire.
Topic:
Foreign Policy, Domestic Politics, Donald Trump, and Joe Biden
Political Geography:
United States of America

14675. Europe as a power, European sovereignty and strategic autonomy: a debate that is moving towards an assertive Europe

Author:
Reni Lefebvre
Publication Date:
02-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
By defending a “geopolitical” Commission, The President of the European Commission, Ursula von der Leyen, said that the European Union had emerged from its economic and technocratic origins, that it was now ready to assume and strengthen its power, to measure itself against the new global balance of power. In this sense, she was responding to French President Emmanuel Macron who, since 2017, has been theorising about "European sovereignty" and advocating this call for power[1].
Topic:
Sovereignty, European Union, Geopolitics, and Strategic Autonomy
Political Geography:
Europe

14676. Brexit and the Irish Question

Author:
Marie-Claire Considère-Charon
Publication Date:
02-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
When thinking of the Irish question, it calls to mind the partition of the island of Ireland, ratified by the Government of Ireland Act of 23 December 1920, which was intended to satisfy the aspirations of the Protestant majority in Ulster, who were in favour of keeping the province under the authority of the Crown. Partition was plotted on the basis of a sectarian calculation to separate the six predominantly Protestant counties of Ulster[1] from the overwhelmingly Catholic Republic of Ireland. It inevitably raises the issue of the border that separates the two jurisdictions, which over the last century has been a symbol of injustice for the Catholic minority and a target for republican paramilitary groups, particularly the IRA. Thanks to the Belfast Agreement, the so-called Good Friday Agreement in 1998, which was the culmination of a long peace process, one might have assumed that the issue of the Irish border would not surface in debate again. But this did not take into account the extent of the nationalist and Europhobic current in England, which would lead to the United Kingdom's withdrawal from the European Union by referendum on 23 June 2016.
Topic:
Treaties and Agreements, Brexit, and Borders
Political Geography:
Europe, Ireland, and Northern Ireland

14677. The Union’s external borders: a European debate revisited

Author:
Stefanie Buzmaniuk
Publication Date:
02-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
The management of the European Union's external borders is the subject of passionate debate in the European Parliament hemicycle and in many different media in Europe. It also features in a decision made by the European Court of Justice (CJEU) on December 17th 2020 stating that Hungary had been violating European law by turning back migrants as of 2015. Following the latest terrorist attacks on European soil, particularly in France and Austria in the autumn of 2020, the question of European cooperation in the protection of external borders has once again came to the fore. The work of Frontex, the European Border and Coast Guard Agency, has moreover been the focus of a debate regarding its practices and also its role in "pushbacks", the illegal refoulement of migrants. These debates are taking place just as Frontex is in full “metamorphosis”, as suggested by its Executive Director Fabrice Leggeri, since the Agency’s budget has increased significantly and its remit progressively strengthened. In a profoundly symbolic gesture, on 11th January 2021, Frontex unveiled its first official uniform: The Agency’s personnel will now be armed, a first in the Union’s history. It therefore seems appropriate to analyse in depth the complexities involved in managing the Union's external borders and to take a detailed look at Frontex's work. What meaning do these borders, which are primarily national in nature, have for the Union as a whole? What is the importance of an Agency like Frontex? Which challenges does it face in its mission? How can trust be restored between the Agency, the European institutions, the Member States, European citizens and migrants who wish to cross the Union's borders? And, more importantly, how do we reconcile the protection of human rights with the protection of borders?
Topic:
Human Rights, Migration, European Union, and Borders
Political Geography:
Europe

14678. Women’s Europe

Author:
Ramona Bloj
Publication Date:
03-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
Equality between men and women in the European Union is provided for in Article 119 of the Treaty of Rome. While substantial progress has been made since 1957, making Europe the continent where women live best and where their numbers in the institutions are among the highest in the world, significant disparities persist between Member States. Further steps still need to be taken, especially as the pandemic has accentuated inequalities and differences, illustrating the efforts that still need to be made to achieve true equality between men and women.
Topic:
Gender Issues, European Union, Women, Institutions, COVID-19, and Equality
Political Geography:
Europe

14679. A year of electoral uncertainty Germany turns the page on Merkel

Author:
Frank Baasner and Stefan Seidendorf
Publication Date:
04-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
Angela Merkel, at the head of the German government since 2005, will leave her position after the federal elections on 26 September. While this departure seems to be a foregone conclusion, the election also heralds other, more structural changes, which will affect even the tectonics of the deep forces of the German political system. After the weeklong psychodrama in which the CDU-CSU was unable to reach a consensual agreement on its candidate to succeed Angela Merkel, the election on 26 September could very well represent a major political turning point. With six important regional elections in 2021[1], the changes underway have the potential to reshape the country's political landscape in a major way. The consequences for the 'stability' that has characterised the German political system since 1949, however, remain difficult to analyse.
Topic:
Elections, European Union, and Domestic Politics
Political Geography:
Europe and Germany

14680. How to avoid the repetition of history: the case of North Korea

Author:
Song Young Gil
Publication Date:
05-2021
Content Type:
Policy Brief
Institution:
Robert Schuman Foundation (RSF)
Abstract:
To most European audiences, the issue of the North Korean nuclear programme and its intercontinental ballistic missile development is a neglected topic that is not frequently covered by the international news unless there has been a severe provocation. Most often, North Korea is seen as a country with a young, ruthless leader, and a people who show cult-like support to its regime.
Topic:
Nuclear Weapons, History, and Denuclearization
Political Geography:
Asia and North Korea

14681. Green Hydrogen in a Circular Carbon Economy: Opportunities and Limits

Author:
Zhiyuan Fan, Emeka Richard Ochu, Sarah Braverman, Yushan Lou, Griffin Smith, Amar Bhardwaj, Jack Brouwder, Colin McCormick, and Julio Friedmann
Publication Date:
08-2021
Content Type:
Working Paper
Institution:
Center on Global Energy Policy (CGEP), Columbia University
Abstract:
As global warming mitigation and carbon dioxide (CO2) emissions reduction become increasingly urgent to counter climate change, many nations have announced net-zero emission targets as a commitment to rapidly reduce greenhouse gas emissions. Low-carbon hydrogen has received renewed attention under these decarbonization frameworks as a potential low-carbon fuel and feedstock, especially for hard-to-abate sectors such as heavy-duty transportation (trucks, shipping) and heavy industries (e.g., steel, chemicals). Green hydrogen in particular, defined as hydrogen produced from water electrolysis with zero-carbon electricity, could have significant potential in helping countries transition their economies to meet climate goals. Today, green hydrogen production faces enormous challenges, including its cost and economics, infrastructure limitations, and potential increases in CO2 emissions (e.g., if produced with uncontrolled fossil power generation, which would be hydrogen but would not be green). This report, part of the Carbon Management Research Initiative at Columbia University’s Center on Global Energy Policy, examines green hydrogen production and applications to understand the core challenges to its expansion at scale and the near-term opportunity to enable deployment. An analysis using Monte Carlo simulations with a varying range of assumptions, including both temporal (i.e., today versus the future) and geographical (e.g., the US, the EU, China, India, Japan) factors, anticipates emissions intensity and costs of producing green hydrogen. The authors evaluate these production costs for different scenarios as well as associated infrastructure requirements and highlight near-term market opportunities and policies to motivate development of the green hydrogen industry.
Topic:
Climate Change, Energy Policy, Green Technology, and Carbon Emissions
Political Geography:
Global Focus

14682. Stronger International Safeguards as a Condition of Supply to Nuclear Energy Programs: Coming to Consensus in the Nuclear Suppliers Group

Author:
Matt Bowen
Publication Date:
08-2021
Content Type:
Commentary and Analysis
Institution:
Center on Global Energy Policy (CGEP), Columbia University
Abstract:
Nations that are party to the Treaty on the Non-Proliferation of Nuclear Weapons but are not allowed nuclear weapons under the treaty (“non-nuclear-weapon states”) must have international safeguards applied to civil nuclear energy facilities if they pursue such programs. The International Atomic Energy Agency (IAEA) applies these safeguards and conducts inspections on nuclear energy programs, and determined in the 1990s that it needed additional capabilities to verify states were not engaging in secret (i.e., undeclared) nuclear activities. Subsequently, the IAEA developed a set of stronger safeguards measures, known as the Model Additional Protocol (“Additional Protocol”), which was approved in 1997. Today, most nations have an Additional Protocol in force, but a few dozen do not. The nations that do not may pose a concern if they pursue nuclear energy as a means of addressing energy and environmental challenges, such as decarbonization to meet climate goals. The greater reporting requirements and inspection measures in the Additional Protocol give the international community assurance that a nation’s declarations about its civil nuclear program are both correct and complete. The enhanced inspections in turn provide greater deterrence against states pursuing illicit nuclear activities. The Nuclear Suppliers Group (NSG)—which comprises 48 governments, including those representing the major reactor vendor countries—maintains guidelines governing the export of nuclear materials, equipment, and technology. The NSG has been considering modifying those guidelines for many years to support more universal adoption of the Additional Protocol. But adoption has been hard to come by, in part because of potential disruptions to existing supply relationships given that not all countries participating in the NSG have Additional Protocols in force and some client states of countries participating in the NSG also do not have these upgraded inspections in place. There may be room for consensus building among NSG states, however, since most support requiring an Additional Protocol as a condition of supply to further the nonproliferation regime. The remaining governments may agree if measures are proffered to address challenges that have blocked acceptance to date. This commentary discusses a history of related policy developments in the NSG, examines some of the group’s roadblocks to consensus, and suggests options for making progress on adding stronger international safeguards as a condition of supply to nuclear energy programs.
Topic:
Arms Control and Proliferation, Energy Policy, International Cooperation, and Nuclear Energy
Political Geography:
Global Focus

14683. Oil Intensity: The Curiously Steady Decline of Oil in GDP

Author:
Christof Ruhl and Titus Erker
Publication Date:
09-2021
Content Type:
Special Report
Institution:
Center on Global Energy Policy (CGEP), Columbia University
Abstract:
Oil is the largest primary fuel, and the trajectory of oil consumption is of great concern and consequence for economic, political, and, not least, for climate change reasons. Anticipating oil prices and production from year to year is not easy; identifying even basic ingredients of aggregate demand and supply schedules, such as price or income elasticities, is notoriously difficult. It’s an additional challenge to model the structure of a market that sometimes appears to be highly cartelized, and at other times populated by a large flock of peaceful price takers. But a remarkably steady metric—and possible tool for projecting consumption into the future—has been identified in this paper: oil intensity. Oil intensity is the volume of oil consumed per unit of gross domestic product (GDP). Measured simply in barrels per dollar, it is often viewed as a broad measure of oil efficiency; it certainly demonstrates the importance of oil in a society. The efficiency of oil use has improved, in other words oil intensity has declined, over the years and decades. In 1973, for example, when oil intensity was at its zenith, the world used a little less than one barrel of oil to produce $1,000 worth of GDP (2015 prices). By 2019 (the last data set before Covid) global oil intensity was 0.43 barrel per $1,000 of global GDP—a 56% decline. Oil has become a lot less important and humanity has become more efficient in making use of it. What is worth a closer look, and is the focus of this paper reporting on oil and gas related research at Columbia University’s Center on Global Energy Policy, is the pattern by which this progress has been achieved. Since 1984, oil intensity has fallen every year in an almost perfectly linear fashion: the amount of oil used per dollar of global GDP has dropped by roughly the same amount each year. Wars and revolutions, booms and busts, OPEC successes and failures, and every other monumental event in the last 35 years left their imprint on oil markets but didn’t alter oil intensity’s steady, downward crawl. This kind of regularity is very rare in any long-time trend, in economics or in energy. Although oil intensity isn’t a new topic, an attempt to explain its curiously consistent downward progress—or even any discussion about it—is hard to find in the literature. For this paper, the authors explain the trend and cross-validate its predictive potential before delving into possible reasons behind the linear decline in oil intensity. It finally extrapolates what such a continuing trend might mean for oil consumption and policies around it going forward.
Topic:
Economics, Energy Policy, Oil, Natural Resources, and GDP
Political Geography:
Global Focus

14684. Green Giants? China’s National Oil Companies Prepare for the Energy Transition

Author:
Erica Downs
Publication Date:
09-2021
Content Type:
Special Report
Institution:
Center on Global Energy Policy (CGEP), Columbia University
Abstract:
On September 22, 2020, China’s leader, Xi Jinping, made a surprise announcement about China’s climate ambitions during remarks to the United Nations General Assembly. He stated that China, the world’s largest emitter of greenhouse gases (GHGs), aims to achieve carbon neutrality before 2060. Xi also said that China’s GHG emissions would peak before 2030, a slight revision to China’s pledge under the Paris Climate Agreement to peak emissions around 2030. China’s new climate targets spurred the country’s three major national oil companies (NOCs)—China National Petroleum Corporation (CNPC), China Petrochemical Corporation (Sinopec Group), and China National Offshore Oil Corporation (CNOOC)—to strengthen their climate ambitions. PetroChina (the flagship subsidiary of CNPC), which had already set a goal of achieving near-zero emissions by 2050, intends to peak its carbon emissions by 2025. Sinopec Corp. (the flagship subsidiary of Sinopec Group) also aims to peak its carbon emissions by 2025 and to achieve carbon neutrality by 2050. CNOOC Ltd. (the flagship subsidiary of CNOOC) plans to reduce its GHG emissions by 16 percent between 2020 and 2025 and aims to peak its carbon emissions before 2030 and achieve carbon neutrality before 2060. This report, part of the China Energy and Climate Program at Columbia University’s Center on Global Energy Policy, provides a baseline for understanding how China’s NOCs are responding to climate change. It examines the activities the three companies identified as part of their emerging energy transition strategies before Xi unveiled the carbon peaking and carbon neutrality targets, and why they didn’t do more. The report then assesses the implications of China’s new climate ambitions for its NOCs and lays out their preparations to date for supporting Xi’s 2030 and 2060 pledges.
Topic:
Energy Policy, Oil, Natural Resources, Infrastructure, and Green Technology
Political Geography:
China and Asia

14685. Methane Emission Controls: Redesigning EPA Regulations for Greater Efficacy

Author:
Robert Kleinberg
Publication Date:
10-2021
Content Type:
Commentary and Analysis
Institution:
Center on Global Energy Policy (CGEP), Columbia University
Abstract:
Natural gas holds a critical role in the US energy economy, providing 32 percent of primary energy evenly distributed among electric power generation, industrial use, and residential and commercial consumption (LLNL 2020). As countries set targets to minimize climate change, however, widespread reliance on fossil fuels, with their attendant greenhouse gas emissions, is being scrutinized. Methane, the main constituent of natural gas, is second only to carbon dioxide in its contribution to greenhouse gas warming (Kleinberg 2020). It holds the potential to be a primary driver of global average temperature change between now and 2050—no matter what progress is made in controlling increases of atmospheric carbon dioxide over the next thirty years (Shindell et al. 2012). Half of global methane emissions come from natural sources, such as swamps and seeps, and half from anthropogenic sources, such as agriculture and fossil fuels. Regulations curbing methane emissions from the oil and gas industry are essential to mitigating global climate change over the next three decades. In the United States, current regulations were devised at a time when the technology for the measurement of natural gas emissions was relatively immature. Comprehensive performance-based regulations were not an option, and because of this, many regulations put in place were highly prescriptive. Data show these regulations have been largely ineffective. This commentary examines the potential to reduce emissions of methane from oil and natural gas infrastructure. It begins with a brief history of natural gas regulations and the effectiveness of rulemaking, before exploring unregulated and underregulated sources of methane. This is followed by a discussion about improvements in measurement capabilities and how regulations could be used to more effectively address methane emissions. This work shows the complexities of oil and gas production do not lend themselves to prescriptive regulation. Performance-based regulation, including quantitative compliance monitoring, would engage the talents of thousands of engineers, encouraging them to solve problems using locally appropriate solutions rather than relying on a prescriptive checklist approach that cannot anticipate every eventuality. The key to performance-based regulation is accurate measurement, and this capability has improved rapidly in recent years. Aircraft-based, facility-scale measurements encompassing tens of thousands of facilities spread over tens of thousands of square kilometers are economically viable and increasingly common. Permanently installed continuously monitoring sensors show promise in detecting intermittent sources; oil field pilot studies are underway. However, aircraft- and ground-based facility-scale measurements are not compliant with the current regulatory regime, which focuses on individual components. Therefore, the current regulatory regime must be completely rethought. (A comprehensive exposition of this topic, with evidentiary support, has been submitted to the Environmental Protection Agency [Kleinberg 2021b].)
Topic:
Economics, Energy Policy, Natural Resources, Gas, and Methane
Political Geography:
North America and United States of America

14686. The Global Energy Crisis: Implications of Record High Natural Gas Prices

Author:
Anne-Sophie Corbeau
Publication Date:
10-2021
Content Type:
Commentary and Analysis
Institution:
Center on Global Energy Policy (CGEP), Columbia University
Abstract:
The recent spike in energy prices across the globe has led to talks of an energy crisis with far reaching repercussions as the Northern Hemisphere braces for winter. While a significant focus has been on natural gas as gas spot prices in Asia and Europe hit levels unthinkable before ($56/million British thermal unit [mmBtu], or over $320/barrel [bbl] in oil-equivalent terms), the crisis has extended well beyond gas: oil prices are rising, China and Europe are facing record coal prices, and carbon prices in Europe have reached historic levels. As gas-fired plants (or coal in some regions) are at the margin, this is also leading to record power prices in different parts of the world. These circumstances lead to immediate concerns, but also flag important potential lessons for the future. In the short term, immediate concerns include a potential gas supply and power crunch over the coming winter, the impact of record-high gas and electricity prices on end-users’ energy bills, and power shortages. For natural gas, however, the crisis may extend beyond the weather. The role of natural gas in a world looking to slash carbon emissions has been an ongoing topic of discussion, and the potential for a sustained crisis that batters consumers may have critical repercussions for the fuel longer term. Already, at least two schools of thought are emerging from the current situation that reflect the ongoing debate about natural gas: one that views this episode as further proof that the world needs to rapidly get rid of fossil fuels, including natural gas, and one that views it as proof that more gas is needed in the immediate future to satisfy growing global energy demand. Questions of security of supply and affordability are also part of the discussion, especially in a future world with a higher share of renewables but where fossil fuels are still necessary to provide flexibility and are likely to continue to set power prices at the margin until new flexibility tools such as batteries or demand-side management are developed at scale. In addition, there are concerns about another widespread gilets jaunes[1] protest movement triggered by price spikes as governments push their agenda for decarbonization. For the gas industry, it could prove to be a moment of truth. The IEA stated earlier this year that “no new oil and natural gas fields are needed in the net-zero pathway.”[2] Indeed, producers are facing increased scrutiny about future investments, including in upstream activities and liquefied natural gas (LNG), but at the same time are asked to make gas readily available when needed.[3] Meanwhile, developing countries that had been looking favorably at natural gas as a way to complement renewables and decommission coal could be deterred by these high and volatile gas prices from supporting LNG imports. The recent increase in gas prices could impact these decisions in different ways, especially if they remain high for the next few years. This commentary provides a brief overview of the current gas market and examines the potential near- and longer-term impacts for natural gas.
Topic:
Economics, Energy Policy, Natural Resources, Gas, and Energy Crisis
Political Geography:
Global Focus

14687. Promoting Energy for Development in a World Accelerating to Net-Zero: Roundtable Report

Author:
Hon Xing Wong, Jonathan Elkind, Philippe Benoit, and Aashna Aggarwal
Publication Date:
10-2021
Content Type:
Policy Brief
Institution:
Center on Global Energy Policy (CGEP), Columbia University
Abstract:
On September 14, 2021, Sustainable Energy for All (SEforALL) and Columbia University’s Center on Global Energy Policy (CGEP) co-hosted a high-level virtual roundtable on energy for development and climate objectives, the first of a series of discussions focusing on the intersection between these two policy priorities. Among the roundtable participants were senior leaders representing major international organizations, development finance institutions, civil society, philanthropic foundations, academia, youth activists, and energy and finance industries. Convened a week before the United Nations (UN) High-Level Dialogue on Energy—the first in 40 years—the virtual roundtable occurred at a time when the focus of many decision makers around the globe was on accelerating climate change mitigation to fulfill the goals of the Paris Agreement. Amid this sense of urgency to accelerate decarbonization, the roundtable served as a timely reminder of energy’s role in alleviating poverty and promoting growth. With 2.6 billion people (more than a third of the world’s population) lacking access to clean cooking and almost 760 million people (roughly 10 percent of the world’s population) lacking access to electricity, bridging the energy gap by 2030 should remain at the top of the global agenda.[1] Energy access is essential for economic development, especially for the 9.1–9.4 percent of the world that still lives in extreme poverty (defined as living on less than $1.90 per day).[2] Moreover, the role of energy extends beyond basic access: it is critical to generating broad-based economic growth to lift people out of poverty and enable quality healthcare, education, gender equity, food security, and other benefits enjoyed by middle-class populations worldwide. Roundtable participants discussed options to promote energy for development and climate change mitigation, considering matters of policy, finance, and technology. This report summarizes the roundtable discussion and presents participants’ key questions. The discussion occurred on a not-for-attribution basis under the Chatham House rule.
Topic:
Climate Change, Development, Energy Policy, and Green Technology
Political Geography:
Global Focus

14688. The Impact of ESG on National Oil Companies

Author:
Luisa Palacios
Publication Date:
11-2021
Content Type:
Commentary and Analysis
Institution:
Center on Global Energy Policy (CGEP), Columbia University
Abstract:
The rise of ESG investing—investment focused on environmental stewardship, social responsibility, and corporate governance—in the 21st century has created significant pressures on oil companies. Some shareholders of international oil companies (IOCs) have pressed them to pay closer attention to ESG goals and diversify their business models away from hydrocarbons and into other sources of energy amid efforts to address greenhouse gas emissions.[1] National oil companies (NOCs)—which currently control about 50 percent of the world’s oil production—have different corporate mandates than their IOC peers that might imply a more complicated relationship with ESG goals. NOCs are mainly owned by governments in the developing world, and thus face vastly different demands than IOCs answering to private sector shareholders.[2] But different does not mean NOCs do not or will not feel pressure to address ESG issues. Given NOCs’ significant share of global oil production—and the fact that this share may increase as IOCs diversify—the pressures they face and changes they make could have a significant impact on the future of the oil and gas industry as well as countries’ abilities to meet climate goals. During the November 2021 COP 26 meetings in Glasgow, Saudi Arabia and India became the latest countries with strong NOCs to pledge to reach net-zero greenhouse gas emissions in the next decades.[3] This commentary examines how the ESG agenda is impacting NOCs through the ecosystem of organizations and principles that have emerged from the UN’s Sustainable Development Goals and the Paris Agreement as well as from investors and regulators in global financial markets. The piece then describes the three components of the ESG framework in relation to NOCs and the challenges of accurately measuring adherence to them due to insufficient standardization of metrics and the variety of reporting frameworks. Also, because environmental, social, and governance competence are not strictly related to one another, companies may be strong in some areas and weak in others, making it difficult to evaluate their ESG performance as a whole.[4] Finally, while ESG pressures are coming alongside discussions about the energy transition and climate change, ESG assessments do not evaluate companies’ energy transition plans, even if some aspects of ESG scores might provide insights about them. The commentary pays special attention to the importance of corporate governance for national oil companies in achieving overall ESG goals, given the key differences between their ownership structure and that of private sector companies working in the oil industry.
Topic:
Climate Change, Energy Policy, Oil, Natural Resources, and Green Technology
Political Geography:
Global Focus

14689. Market, Policy, and Political Implications of the Global Natural Gas Crisis: Forum Report

Author:
Hon Xing Wong, Erin Blanton, and Samantha Lang
Publication Date:
11-2021
Content Type:
Policy Brief
Institution:
Center on Global Energy Policy (CGEP), Columbia University
Abstract:
On October 18, 2021, Columbia University’s Center on Global Energy Policy (CGEP) hosted a special session of the Natural Gas Forum on the global nature of the current unexpected gas crisis, which has sparked chaos in many parts of the world. A number of factors have been put forward to explain the crisis, including a faster-than-expected pandemic recovery in economic demand that has precipitated global supply chain issues, extreme weather conditions around the world, and liquified natural gas (LNG) facility outages. The forum was an opportunity for participants to discuss the underlying causes of the global gas crisis and its long-term market, policy, and political implications. The discussion started with outlooks for the winter across the European Union, Russia, the United States, and East Asia before turning to a debate over any longer-term implications of the natural gas crisis on the energy transition. The forum’s participants included policy makers and senior leaders from major international agencies, energy companies, financial institutions, civil society organizations, academia, and nongovernmental organizations. This summary of the proceeding begins with the broad takeaways of the discussion, which occurred on a non-attribution basis under the Chatham House Rule, and then delves into regional issues and the future of natural gas.
Topic:
Energy Policy, Natural Resources, Global Markets, Gas, Renewable Energy, and Energy Crisis
Political Geography:
Global Focus

14690. Advancing Corporate Procurement of Zero-Carbon Electricity in the United States: Moving from RE100 to ZC100

Author:
Melissa Lott and Bruce Phillips
Publication Date:
12-2021
Content Type:
Special Report
Institution:
Center on Global Energy Policy (CGEP), Columbia University
Abstract:
Corporate pledges to purchase renewable electricity have led to significant new solar and wind capacity investments and driven down the carbon intensity of the power sector in the United States. Participating companies have increasingly procured this power, many with a goal of procuring quantities that are equal or proportional to the amount of electricity that they consume at their facilities on an annual basis.[1] Corporate buyers can reap many benefits from renewables procurement, including hedging against power price fluctuations and enjoying positive brand association, helping them meet shareholder demands around climate or other environmental, social, and governance (ESG) goals. However, the reality is that commitments to buy 100 percent renewable electricity may not equate to a company actually reducing its power carbon footprint to zero. This report from Columbia University’s Center on Global Energy Policy quantifies the mismatch between companies’ contracted variable renewable electricity (VRE) and their actual use of electricity to highlight the degree to which these companies still rely on a partially fossil-fueled power grid to bridge the gap. A modeling exercise and analysis done in collaboration with The NorthBridge Group reveals a significant shortfall between electricity demand and VRE supply, leaving companies that contract for 100 percent renewables to in fact draw between 20 percent and 50 percent[2] of their annual electricity from the regional electric grid, depending on their location, demand profile, and mix of contracted renewable supplies. This disparity presents a number of challenges to corporations that wish to achieve deep decarbonization and are unable to curtail operations to match renewable energy supplies. There are several approaches to get closer to a true zero-carbon power footprint. Installing storage capacity either on-site or at the power plant to provide stored electricity when renewables are not sufficient, such as with a battery,[3] is one option. However, this only reduces the minimum shortfall by half, requiring a customer to continue to rely on electricity from the regional electric grid for 10 percent to 28 percent of its annual load.[4] Resolving the shortfall by procuring extra renewable power (e.g., to 150 percent of annual electricity demand with renewables) can drive costs up substantially without closing the gap.
Topic:
Climate Change, Energy Policy, Environment, Green Technology, Carbon Emissions, and Decarbonization
Political Geography:
North America and United States of America

14691. How the ESG Investing Framework Applies to National Oil Companies: Workshop Report

Author:
Luisa Palacios and Hon Xing Wong
Publication Date:
12-2021
Content Type:
Commentary and Analysis
Institution:
Center on Global Energy Policy (CGEP), Columbia University
Abstract:
On November 16, the Center on Global Energy Policy (CGEP) at Columbia University SIPA convened a private workshop to discuss the applicability of the current ESG (environmental, social, and corporate governance) investing framework on national oil companies (NOCs). The workshop brought together representatives from NOCs, international oil companies (IOCs), international organizations, multilateral banks, private banks, institutional investment firms, ESG rating agencies, think tanks, and non-governmental organizations, as well as academics. The group discussed the types of ESG pressures that NOCs face, how NOCs are responding to these challenges, whether all the components of ESG are equally relevant when it comes to NOCs, the challenges associated with ESG reporting and ratings, how investors are integrating ESG considerations into their investment process in relation to NOCs, and the risks of future access to financing
Topic:
Energy Policy, Oil, Privatization, Natural Resources, and Private Sector
Political Geography:
North America and United States of America

14692. Comparing a Clean Electricity Standard and a Carbon Tax

Author:
Peter Marsters, John Larsen, Ben King, Hannah Kolus, and Whitney Herndon
Publication Date:
12-2021
Content Type:
Special Report
Institution:
Center on Global Energy Policy (CGEP), Columbia University
Abstract:
As the United States commits to accelerating decarbonization as part of global efforts to combat climate change, the policies it enacts will govern its chances of success. These international ambitions are balanced against domestic realities: the effect of net-zero greenhouse gas strategies on households and the broader economy. Comparing different policy options against one another in terms of specific outcomes, such as emissions abatement and financial impact on consumers, is a useful exercise for policy makers. Because US congressional proposals have focused on two potential policy routes—an economy-wide price on carbon dioxide and other greenhouse gas emissions, and a sector-by-sector approach that starts with a clean electricity standard—this report models outcomes for these scenarios. A carbon tax and clean electricity standard (CES) are similar policies in some ways. Both have the potential to drive large emissions reductions from the US power sector and beyond. If the CES is designed to be technology-neutral with tradable credits for clean electricity generation, both policies would operate as market-based mechanisms to encourage such generation. They also differ in significant ways, and this report, part of the Carbon Tax Research Initiative at Columbia University’s Center on Global Energy Policy, uses energy system modeling to zero in on those differences to enable policy makers to better understand the advantages and drawbacks of each policy tool. A variety of constructions even within a single tool—particularly a CES—can be employed. What type of generation is eligible for credit in a CES and how much credit each resource receives, for example, are in part products of political and policy trade-offs. For comparison purposes with an economy-wide carbon tax, this report primarily focuses on a single crediting approach that most closely resembles the incentives new and existing electric power generators could receive under a carbon tax (and is similar to the CES included in the Clean Energy Innovation and Deployment Act of 2020). And for CES comparison purposes, the authors construct a carbon tax pathway that closely approximates the annual and cumulative electric power CO2 emissions of the CES. Given the equal emissions-reduction ambitions of the two policies modeled in this report, the greatest trade-offs come down to price increases and revenues. The carbon tax raises consumers’ electricity price more than the CES does, but also raises significant revenues that could be used, among other purposes, to offset increases in consumers’ energy-related bills.
Topic:
Green Technology, Tax Systems, Electricity, Renewable Energy, Carbon Tax, and Carbon Emissions
Political Geography:
North America and United States of America

14693. Commemorating 50 Years of 'Outcast London'

Publication Date:
12-2021
Content Type:
Video
Institution:
Mile End Institute, Queen Mary University of London
Abstract:
This event from the Mile End Institute, Raphael Samuel History Centre, and Modern British History Seminar will commemorate fifty years since the publication of Gareth Stedman Jones’ Outcast London. The webinar celebrates the book and featured a panel of experts whose research interests speak to the book’s themes, methods and politics.
Topic:
Development, Labor Issues, Urban, and Industrialization
Political Geography:
United Kingdom, Europe, and London

14694. Forty Years On New Perspectives on the 1981 Budget

Publication Date:
12-2021
Content Type:
Video
Institution:
Mile End Institute, Queen Mary University of London
Abstract:
This year is the fortieth anniversary of the 1981 UK Budget Statement, one of the most controversial in British history. Geoffrey Howe, the Conservative Chancellor in Margaret Thatcher's first government, deliberately increased taxes during a vicious world recession after two years of tight monetary policy and punishingly high-interest rates, to tame high inflation. Inflation dropped, but the Budget also accelerated deindustrialization and spiralling unemployment, and turbocharged inequality. It has since indelibly shaped memories of ‘Thatcherism’. Forty years on, the current Conservative government is at a new fork in the road in its economic policy, grappling with pandemic spending legacies, the fallout from Brexit, and post-2008 economics, and with electoral pledges both to fiscal probity and to 'level up' the UK.
Topic:
Economics, Labor Issues, Governance, Budget, Unemployment, and Deindustrialization
Political Geography:
United Kingdom and Europe

14695. The Civic University

Publication Date:
12-2021
Content Type:
Video
Institution:
Mile End Institute, Queen Mary University of London
Abstract:
In 2018, the UPP Foundation established a commission to investigate the civic work of universities. The commission published its findings in February 2019 and recommended that universities set out to co-create Civic University Agreements with other key civic partners in order to beyond traditional civic engagement and become truly civic universities, embedded into their areas.
Topic:
Education, Social Policy, Higher Education, and Civic Engagement
Political Geography:
United Kingdom and Europe

14696. After the Virus: Lessons from The Past For A Better Future

Publication Date:
11-2021
Content Type:
Video
Institution:
Mile End Institute, Queen Mary University of London
Abstract:
Hilary Cooper and Simon Szreter have published a powerful manifesto for change post-Covid-19. It argues that the world needs ‘a new morality’ to recover from the pandemic and to prepare for future crises - and that Britain’s own history points the way. In 'After the Virus', they show how decades of neoliberalism and austerity left us vulnerable to the effects of Covid-19; they show how important history is for British and global public policy today, going back 400 years to look at Elizabeth I’s innovative Poor Laws, the world’s first universal welfare system; and they present practical proposals, inspired by our own history, that will promote a morality of nurturing, not exploiting, people and the planet.
Topic:
Governance, Neoliberalism, Pandemic, and COVID-19
Political Geography:
United Kingdom and Europe

14697. Celebrating 20 Years of The Living Wage at Queen Mary University of London

Publication Date:
11-2021
Content Type:
Video
Institution:
Mile End Institute, Queen Mary University of London
Abstract:
The Living Wage Campaign was launched by London Citizens in Walthamstow, East London, in 2001. Since then, it spread across the country and became a nationwide campaign led by the Living Wage Foundation. In 2006, Queen Mary became the first accredited university in the UK to pay all staff a real Living Wage, based on the cost of living, not just the government minimum. Queen Mary also improved working conditions so that every staff member at the university – regardless of rank or role – received a minimum of 30 days’ annual leave, access to sick pay, an annually negotiated pay increase, and an employer contribution pension scheme. In 2011, the University became a founding partner of the Living Wage Foundation. At this event to mark twenty years of the Living Wage Campaign, the Mile End Institute hosted a conversation with Matthew Bolton, the Executive Director of Citizens UK, to revisit the history of the Living Wage and the campaign to establish the living wage at Queen Mary. The event reflected on how the Living Wage is a vital strategy in the fight to end poverty in London and the important role of higher educational institutions in creating a fairer society.
Topic:
Economics, Poverty, Labor Issues, and Standard of Living
Political Geography:
United Kingdom and Europe

14698. Structural and Institutional Racism in the UK - Contemporary Perspectives

Publication Date:
10-2021
Content Type:
Video
Institution:
Mile End Institute, Queen Mary University of London
Abstract:
The Commission on Race and Ethnic Disparities in Britain published its controversial and widely criticised report on structural inequalities earlier this year. The Institute for Public Policy Research (IPPR) think-tank in conjunction with Race on the Agenda (ROTA) and the Race Equality Foundation (REF) also recently published a collection of papers in the journal Progressive Review that offer an alternative analysis of structural and institutional racism in the UK. This event explored different perspectives and contributions to the debate about structural and institutional racism in the UK, using the IPPR/ROTA/REF collection as a starting point to consider the limitations of the Commission on Race and Ethnic Disparities and the analysis it promoted.
Topic:
Race, Ethnicity, Discrimination, and Structuralism
Political Geography:
United Kingdom and Europe

14699. Riding the Populist Wave – Europe’s Mainstream Right in Crisis

Publication Date:
10-2021
Content Type:
Video
Institution:
Mile End Institute, Queen Mary University of London
Abstract:
Whilst Conservative, Christian democratic and Liberal parties continue to play a crucial role in the democratic politics and governance of every Western European country, they are rarely paid the attention they deserve. This book reveals a mainstream right squeezed by the need to adapt to both 'the silent revolution' that has seen the spread of postmaterialist, liberal and cosmopolitan values and the backlash against those values - the 'silent counter-revolution' that has brought with it the rise of several far-right parties offering populist answers to many of Europe’s most contentious political problems.
Topic:
Politics, Social Movement, Populism, and Conservatism
Political Geography:
Europe

14700. Banking Bailout Law: A Comparative Study of the United States, United Kingdom and the European Union

Publication Date:
10-2021
Content Type:
Video
Institution:
Mile End Institute, Queen Mary University of London
Abstract:
Our expert panellists discussed Virág Blazsek’s book, Banking Bailout Law: A Comparative Study of the United States, United Kingdom and the European Union, which examines the different bank bailout and resolution techniques and tools through carefully selected case studies. The panel explored the pros and cons of the different legal and regulatory options identified by the book to reconstruct a regulatory framework that might better serve countries in future financial crises.
Topic:
Economics, European Union, Finance, Banking, and Bailout
Political Geography:
United Kingdom, Europe, North America, and United States of America