Current Affairs

analysis of world events

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  • Snapshot of Ukraine’s economy

    Just before the war in Ukraine, I pointed out that after Russia’s invasion of Crimea, the Russian economy grew by 4%, which meant that there had been growth in the Russian economy from 2014-2020, even after the sanctions placed on the Russian economy by Europe and the United States. A growth of 4% in an…

  • COP 27

    This article explores the concerns, events and questions that should be on the agenda at COP 27

  • Green movement into climate resilience and EVs’

    A Bloomberg NEF annual report of global investment in low carbon energy transition totalled US$755 billion. The report reviews a range of diverse industries from investment in projects, such as renewables, hydrogen production, nuclear, charging infrastructure, recycling and other projects, such as solar and zero emission vehicles. According to Bloomberg, the largest sector in 2021 was…

  • Gas fields coming onto stream

    Within reach of Europe are four massive gas fields, one that is yet to be developed because of internal squabbling by the Lebanese state, but in reality all these gas fields are coming on stream just at the right time. Zohr, is Egypt’s massive gas field, then there is Israel’s Leviathan field off the coast of…

  • IMF argument for resilience

    Pakistan has been hit by an unusually early monsoon, flooding has led to a third of the country being underwater with millions of homes destroyed. A BBC interview with the environment minister Senator Sherry Rahman, argued that successive governments had channelled rain water from the north of Pakistan, where there is more rain, to the…

  • The Bond Market and Climate Resilience

    There is a question whether COP 27, will move on from the question of mitigation because it is so important to the question of climate change. The bond markets are determined by adaptation and mitigation, because the question of resilience is so important. A report by the IMF (International Monetary Fund) believes that mitigation and…