Europe

This paper was originally published on iai.it Europe’s natural gas system experienced unprecedented stress following Russia’s invasion of Ukraine. Since the outbreak of the war, the European Union has strived to secure alternative supplies, fill its gas storage facilities and reduce consumption. Success on these fronts was enabled by fundamental market changes that the bloc unlocked during a long period of low gas prices over the past two decades, in addition to emergency and diplo ...

This paper was originally published on ecdpm.org   COP27 reached a breakthrough agreement on a new loss and damage fund for vulnerable countries and opened the door for a review of the international financial architecture. Ahead of COP28 at the end of 2023, the AU-EU partnership can help drive global climate change and energy transition agendas forward. A fruitful collaboration between the two continents starts with the following: • Africa and Europe must find common ground to ma ...

At the August 22-24 BRICS summit in Johannesburg, the leaders of Brazil, Russia, India, China and South Africa said they wanted to use more of their national currencies for cross-border payments, which are currently dominated by the U.S. dollar and other global convertible currencies. Like China and the other BRICS, several other countries have also sought to develop alternative external payment mechanisms. Pairs of countries have agreed to settle commercial and financial transactio ...

Twice in the past decade the term “largest refugee movement since the Second World War” was coined in Germany and Europe. First in 2015 with many refugees from Syria, Iraq, Afghanistan, and Iran arriving and seven years later in 2022 when the war against Ukraine led millions to flee towards the West. Now, Germany has grown to become the fourth largest refugee hosting nation, having welcomed 2.1 million, of the world. Refugees and migrants arriving in any new country face a signifi ...

Twenty-Four Hours June 23-24, 2023. Over those days, Russia, the sanctioned world power, was not destabilized by the nuclear enemy in Washington, but by one man, who made his wealth serving food to school children and soldiers. A caterer who attempted a revolution. A bald man, who apparently wore wigs during his days off, as the Russian secret police claimed to have discovered when they searched his home in St Petersburg. The photos of the wig-wearing Yevgeny Prigozhin were shown o ...

The Carbon Border Adjustment Mechanism (CBAM) has emerged as an important policy tool in the European Union's (EU) efforts to combat climate change and prevent carbon leakage. By putting a price on carbon emissions embedded in certain goods imported into the EU, the CBAM has the potential to impact economies worldwide, including Morocco. This policy brief examines recent CBAM developments and assesses their implications for Morocco's economy and climate change efforts. It analyzes t ...