By Julianne Smith and Lindsey Ford
American allies are rapidly transforming their relationships whether Washington likes it or not; these networks can either serve or undermine U.S. interests depending on how Washington engages with them. If the United States fails to reset ties with Asian and European partners, it risks being left on the sidelines of a rapidly changing world order.
By Udaibir Das
What began as a spread on a bond has become a spread across the sovereign balance sheet. The 2025 annual meetings have made clear that incremental adjustments will not suffice. Until new institutions and norms emerge, sovereigns will continue to pay in basis points and in ownership and discover that what the premium buys is not sovereignty, but postponement.
Background Paper No. 35
By Udaibir Das and Hansika Nath
By Shayak Sengupta
Without concerted policy efforts to incorporate the eastern states into India’s renewable fold, the region risks being left behind in reaping the benefits of transition.
By Shayak Sengupta and Sagatom Saha
The Inflation Reduction Act is Washington’s boldest climate policy ever—but still woefully insufficient.
By Shayak Sengupta, Neha Khanna, Casper Sonesson, Daniel Suryadarma, Aanandita Sikka, Edoardo Tancioni, Sagatom Saha, Budy Resosudarmo
Economywide decarbonization is essential for achieving the climate goals set in the Paris Agreement.
By Shayak Sengupta, and Sagatom Saha
The era of green subsidies is shaping the transition to a cleaner future, but, absent global cooperation, developing countries risk being left behind.
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