Vessel in the Strait of Hormuz
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As tensions rise in the Strait of Hormuz, Ilan Goldenberg, Jessica Schwed, and Kaleigh Thomas examine three scenarios for military conflict between Iran and the United States and assess the potential impacts on global oil prices—as one specific representation of the immediate economic impact of conflict—as well as broader strategic implications.

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Climate change is undermining the foundations of good health; threatening the food we eat, the air we breathe, and the hospitals and clinics we depend on.

Graphic depicting emissions taxes
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Dr. Noah Kaufman, John Larsen, Peter Marsters, Hannah Kolus, and Shashank Mohan analyze the Energy Innovation and Carbon Dividend Act (EICDA), introduced in February 2019 by lead sponsor Ted Deutch (D-FL). 

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Daniel Raimi, Ronald Minsk, Jake Higdon and Alan Krupnick explore whether the federal government can and should intervene to reduce the challenges associated with economic volatility and offer recommendations for intervention.

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China has emerged as a truly global actor, impacting every region and every major issue area. Writing as part of the new Global China project at Brookings, Richard Nephew examines China's shift from being on the receiving end of sanctions to using sanctions itself.

Image of an industrial furnace
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Heavy industry produces roughly 22 percent of global CO₂ emissions. Of these, roughly 40 percent (about 10 percent of total emissions) is the direct consequence of combustion to produce high-quality heat, almost entirely from the combustion of fossil fuels.

Image of Belt and Road project in Pakistan
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CGEP Senior Research Scholar Dr. Erica Downs examines the environmental and debt sustainability of China’s Belt and Road Initiative through the lens of the China-Pakistan Economic Corridor (CPEC) power sector projects. 

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China is the world’s leading emitter of heat-trapping gases by a wide margin. In his Guide to Chinese Climate Policy, David Sandalow examines China's emissions, explores the impacts of climate change in China, provides a short history of China's climate policies and discusses China’s principal climate policies today. This up-to-date Guide is an invaluable resource for anyone interested in China, climate change or both.

View of the Three Gorges Dam on the Yangtze River in China in misty ambiance
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Philippe Benoit explores the role of state-owned enterprises in climate change, examines the effectiveness of market-oriented solutions such as carbon taxes in changing SOE behavior, and evaluates some other potential strategies for reducing their emissions.

Photo of the Camp Fire wildfire
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John MacWilliams, Sarah La Monaca and James Kobus analyze the PG&E bankruptcy, assess how capital markets have reacted to the bankruptcy through the lens of valuations in the US utility sector, and discuss the policy implications of California’s recent legislative response to wildfire risk.

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