Commentary

COMMENTARY: Power Shifts as Powers Shift: Energy Realignment After Russia’s Invasion

Eliana Svilik, Stanford University -- Global energy markets have transformed since Russia’s full-scale invasion of Ukraine shifted key resource flows, creating new winners and losers. Prior to Russia’s invasion of Ukraine, the former was the world’s second largest producer of natural gas and third largest producer of crude oil. EU member states relied on this supply for the majority of its oil and gas as part of a developed, seemingly mutual partnership. As the third anniversary of Russia’s invasion nears, changes in energy supply chains demonstrate that the U.S. and EU have largely won the concurrent energy war.

Commentary, Environment

COMMENTARY: AI and the Green Transition

Sriman Thangaraj, American University -- The world sits at a critical juncture, facing unprecedented environmental challenges such as climate change and resource depletion. Amidst these pressing concerns, artificial intelligence (AI) has emerged as a powerful ally. This transformative technology holds immense potential to drive sustainability across various sectors, paving the way for a greener future. 

Commentary

COMMENTARY: Carbon Bigfoot: The Future of Voluntary Carbon Offset Markets

Sam Jonker, Stanford University -- When buying a plane ticket in 2024, most customers are presented with a puzzling option: to “offset” the carbon footprint of their flight for the low cost of around $20. As pressures to decarbonize continue to grow, airlines—and heavy industries alike—have been embracing novel solutions to reduce their carbon footprint. One solution—carbon offsetting—has grown to be a $5.5 billion industry, with shared support from both petroleum companies and environmental activists.

Uncategorized

BLOG: Cap-and-Trade and Environmental Justice: A Study of California’s RECLAIM Program

By Aidan Acosta, Middlebury College -- Cap-and-trade has been shown by previous studies to be at least as effective as prescriptive regulation at reducing air pollution. However, regulators must ensure that the dispersion of emissions that is dictated by the market is environmentally just in order for cap-and-trade to be a viable solution.