Courtesy: Lifeforex
Basing the global oil trade on the Yuan instead of the U.S. Dollar is one leg of China’s bid to convert its currency into the international reserve currency, replacing the dollar-dominated global financial architecture. But many factors impede the Yuan from reaching the maturity required for its global adoption.
Courtesy: Global Environment Facility
Since Independence, India has been consumed by its domestic priorities. Now, with increasing integration with the world and a huge stake in global stability, it is time to focus on the global commons. India has a seat on the hightable to design and shape the rules for the governance of the global commons. In this special Independence Day Briefing, Gateway House examines India’s engagement with four global commons – technology, outer space, cyber and the oceans – and makes recommendations on how best they can be governed for our collective future.
Courtesy: Gateway House
China’s ostensible intentions are to turn Gwadar port into a focal point of the China Pakistan Economic Corridor. But the geography of the region is a major stumbling block in the realisation of these ambitions and raises questions about the project’s underlying motives
Courtesy: Gateway House
India has benefited from three years of low petroleum prices. The tide is now turning, with oil moving from a benign $50 to $70 a barrel. This is a good time for it to start using financial instruments and asset purchases, as other countries do, to protect itself against further price rises
Courtesy: New York Times
Three epoch-making events in 2016 are continuing to have global repercussions. They were: Brexit, China’s rubbishing of the July verdict of the Permanent Court of Arbitration after it rejected its claims on disputed islands in the South China Sea, and Trump’s election. This article, the prologue to a book-in-progress, The Hinge Year – Geopolitical Dislocations and Dispersals, outlines how these events intersect with transformed geoeconomic realities
Courtesy: Wikimedia Commons
The first ever summit of the Indian Ocean Rim Association, to be held in Indonesia in March 2017, will cast light on how India and other like-minded nations can develop oceanic resources sustainably. This event offers scope for India to mould outcomes
Courtesy: Wikimedia Commons
India’s gas consumption is lower than the EU’s, but it too, like the EU, relies heavily on imports. With LNG likely to remain a key part of India’s gas supplies in the future, and given recent changes in the global market, what is the future potential of LNG imports for the EU and India? What are the best energy policies for the two regions?
Courtesy: bdnews24
India imports 80% of its oil and 80% of the imports are from vulnerable regions. This high-cost, high-risk approach is not sustainable, and the current low price of oil offers India an opportunity to secure its long-term energy needs by taking three concurrent steps: diversifying supply sources, investing in oil fields, and using financial instruments
Courtesy: ItzaFineDay/Flickr
Making the climate change transition involves an unprecedented reallocation of capital – and the task is to build the financial architecture that can deliver these flows within deadline. COP-22 has to raise more, cheaper and better quality finance for climate action.
Courtesy: Yahoo
The sheen is coming off China’s state-owned oil companies, which have been hit by the country’s political churning and by their own excesses of buying assets at the peak of the cycle. Now with oil prices low, India has the chance to make well-priced acquisitions without Chinese competition.