The One Belt One Road (OBOR) Initiative reflects China’s growing need for deeper engagement with the regions to its west and south – through intensified trade, investment, telecommunication, and infrastructure – as well as a grander vision for Chinese foreign policy. Encompassing over 60 countries, in an area covering mainly Asia and Europe, but also Oceania and East Africa, OBOR faces immense challenges, not only from a political and operational perspective, but also from a financial standpoint.
The EU is struggling to cope with the so-called “migration crisis” that has emerged over the past few years. Designing the right policies to address immigration requires a deep understanding of its root causes. Why do Africans decide to leave their home countries? While the dream of a better life in Europe is likely part of the explanation, one also needs to examine the prevailing living conditions in the large and heterogeneous sub-Saharan region.
The next 1st of October will be a pivotal moment in Spanish constitutional history in light of the Catalan "Llei del referèndum d'autodeterminació", which regulates the holding of a binding self-determination referendum on the independence of Catalonia.
Recent political events – from Trump’s election to the outcome of the Brexit Referendum - have somehow caught the world by surprise, and are contributing to a growing sense of concern or even alarm about the future of the Western world and, particularly, Western democracies as we know them.
Figure 1. Access to electricity and non-solid fuels in Africa (Source: AEEP Status Report Update 2016)
In a moment of geopolitical uncertainties, fluid changes on an international level, and increase fo-cus on terroristic threats, this article wants to discuss the possible risks for energy infrastructure and examine how grave they are. Speaking with representative of the industry, think tanks, and academia, we try to shed special light on the infrastructures in Turkey and in the nearby region.
In the last few months, lots of discussions have revolved around the economics and politics of the proposed Nord Stream II project. Nord Stream is a gas pipeline bringing Russian natural gas directly to Germany through the Baltic Sea, allowing Moscow to bypass European transit countries such as Poland, Belarus, and crisis-hit Ukraine. Nord Stream II would double the pipeline’s current capacity, from 55 to 110 billion cubic metres per year (bcm/y).
Last month, ISPI Energy Watch analysed opposite interests around Nord Stream 2 and the reasons why Nord Stream 2 could face hurdles. European laws were defined as the “main weapons” of those countries opposing the project.
What’s going on in the European arena? Regulators, trading venues, market participants, financial and commodity analysts and data reporting agencies are all debating on the legal and operational implications of the various recent financial and energy regulations in the EU, whose implementations are already in effect either fully or partly. The three burdensome regulations flapping commodity firms are REMIT (Regulation on Energy Market Integrity and Transparency), EMIR (European Market Infrastructure Regulation), and MiFID II (Markets in Financial Instruments Directive ).