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Today, the United States, its P5+1 partners, and Iran announced that the formal Implementation Day described in the Joint Comprehensive Plan of Action (JCPOA) had been reached. This announcement followed on the report by the Director General of the International Atomic Energy Agency (IAEA), Yukiya Amano, that Iran had fulfilled all of its nuclear obligations under the JCPOA and that the agency was in a position to verify this situation going forward.

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The likely decision by the United States to impose new sanctions on Iran’s ballistic missile program and those individuals supporting it follows multiple tests of its prohibited missile systems over the past few months.

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Following the historic Paris Agreement, CGEP collected commentary on the agreement from several of our scholars and Faculty Affiliates across Columbia University.

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Fellow Bob McNally explains how OPEC abdicated the role of market manager over ten years ago--not just in the last year--and that we have already seen the results in a boom (2004–2008) and two busts (2008, 2014–2015) in oil prices. Given oil’s vital role in the global economy, financial markets, and policymaking, coping with elevated price volatility will require the sustained and smart attention of business and government leaders.

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US Energy Secretary Ernest Moniz sat down with David Sandalow at COP21 in Paris to discuss climate change and energy innovation. Secretary Moniz highlights the recent announcements of Mission Innovation and the Breakthrough Energy Coalition in the transcript below.

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A year after its decision not to cut production in the face of low prices, there is no question that OPEC is feeling the pinch of continued market weakness.

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The Paris climate conference opened yesterday and will continue for two more weeks. At the end, with a small miracle, the 194 nations participating may reach unanimous agreement on some aspects of the world’s response to climate change. But a big part of the legacy of this conference is already written. As the first day of the conference draws to a close, the Paris conference has already delivered important results.

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Last week, the Turkish air force shot down a Russian warplane Ankara claims violated its airspace, setting of warning bells that Russia would respond aggressively in turn.

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The International Atomic Energy Agency issued its latest quarterly report on Iran’s nuclear program on Wednesday, November 18.

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November 24, 2015

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