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Current Access Level “I” – ID Only: CUID holders and approved guests only. Building Access: Normal building operating hours with exceptions. Read more about the campus status level system and campus access information. See the latest updates to the community regarding campus planning.

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New Initiative to Help Unlock $3 Trillion Needed a Year for Climate and Nature

Davos, Switzerland, 17 January 2023 – The World Economic Forum, supported by more than 45 partners today launched the Giving to Amplify Earth Action (GAEA), a global initiative to fund and grow new and existing public, private and philanthropic partnerships (PPPPs) to help unlock the $3 trillion of financing needed each year to reach net zero, reverse nature loss and restore biodiversity by 2050.

News and Publications World Economic Forum • December 23, 2024

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January 30, 2025 • 12:00 pm - 1:30 pm est

Can AI Help Reduce Emissions of Greenhouse Gases?

Please join the Center on Global Energy Policy (CGEP) at Columbia University's School of International and Public Affairs for a special webinar "Can AI Help Reduce Emissions of...

Webinar • Zoom Webinar
Can AI Help Reduce Emissions of Greenhouse Gases?
Energy Markets

Energy Sanctions and the Global Economy: Mandated vs Unilateral Sanctions

External Publications by Christof Rühl • May 02, 2022

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Abstract

The world is witnessing an unprecedented episode of ‘economic warfare’, with more than 30% of global GDP (the G7’s share) pitched against 11% of global energy production (Russia’s share). This paper analyzes oil sanctions against Russia. It shows that the risk of tighter sanctions backfiring, and harming the economies of the sanctioning countries, is manageable. In terms of sanction design, sanctions and embargo announcements have so far been decentralized and voluntary. In previous episodes, sanctions have been enforced, and breaching them was punished. The paper asks whether the unilateral or the mandated model will be more successful in maximizing damage to Russia’s energy revenues, while minimizing economic damage to the sanctioning alliance. Given the scale of Russia’s supplies, a gradual approach is called for. The optimal strategy uses unilateral sanction picking as long as Russian energy exports are large enough to pose a systemic threat; and sanction enforcement thereafter.

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Energy Markets

Energy Sanctions and the Global Economy: Mandated vs Unilateral Sanctions

External Publications by Christof Rühl • May 02, 2022

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