Non c'è testata di qualità globale che non dedichi il dovuto spazio all'anniversario del 6 gennaio: quando una folla di facinorosi repubblicani prese d’assalto il Campidoglio di Washington per impedire l’elezione di Joe Biden; quando la democrazia americana visse il suo momento più drammatico dai tempi della Guerra Civile.
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A un anno dall’assalto di Capitol Hill, la commissione d’inchiesta sembra incastrare l’ex presidente Trump. Nel frattempo, anche le sue attività private sono sotto accusa per frode al fisco. Che ne sarà del partito repubblicano?
Humans are incredibly adept at learning new skills and adapting to different situations as circumstances change. However, we are also prone to adhering to deeply held beliefs long after the evidence has suggested we should have changed our world view.
COVID-19 containment measures and 2020 low oil prices exposed the vulnerability of MENA petroleum producing economies to external shocks. The heavy reliance on oil exports means that volatility in oil prices has significant impact on the economy. In times of sinking oil demand, this translates into fiscal deterioration and public expenditures cuts.
Europe is at the centre of an economic and geopolitical storm. Since last September, the prices of electricity and natural gas have steadily increased. EU natural gas prices soared to a new record high of €180 per megawatt-hour on the 21st of December, underpinned by a double-whammy of cold weather forecasts in late December and fears of supply disruptions. If compared to an average of €20 per megawatt-hour in mid-June, the December figures represent a 900% increase.
While the outcomes and legacy of COP26 are still up to debate, the lead up to the climate summit—co-hosted by the UK and Italy—marked an unmistakeable shift in global climate ambitions. Numerous countries pledged long-term targets to reach net zero emissions and put forth a patchwork of near-term commitments to get emissions on the right track.
The severe power outages that plagued China since September 2021 have highlighted the clash between efforts to limit environmental degradation and short-term economic realities. Lower supplies of coal—due to tighter environmental and safety inspections—combined with soaring power demand on the back of an infrastructure-heavy economic recovery, led to severe power cuts in over 20 Chinese provinces. The power rationing has weighed on the country’s economic growth and impacted global supply chains.
The increase of the world’s electricity need is approaching a quick surge due to the spread of mobility electrification, the increase in the global population, and the growing use of air conditioning and electronic systems.
Contemporary energy dynamics suggest we are heading towards years of likely price volatility, with a strong necessity for governmental support schemes to channel the investments required to achieve the green transition. The final destination of this journey, as well as the travelling speed, will ultimately depend on available resources, technology, and consensus. This consensus, in turn, relies on the capability to distribute in a non-regressive way the costs of the transition.