DECISION TIME FOR EUROPE

DECISION TIME FOR EUROPE

Faced with an onslaught from the US president, EU leaders made a conscious effort this week to find common cause with friends new and old in another part of the world—Asia. Yesterday, the EU and Japan finalized a long-awaited trade deal that will further knit together two economies that account for around a quarter of global GDP. That just a day after the leaders of the EU and China met to discuss trade and security relations.


As Trump openly questions the continued value of NATO, calls the EU a “foe,” and ingratiates himself with a Vladimir Putin – whose government has worked diligently to stoke divisions and support Euroskeptic parties throughout the continent – it’s no surprise that Europe has started to seek out new friends.

But will this strategy work?

So far Europe's pivot toward Asia has been done reluctantly and with a certain amount of trepidation. The EU is hesitant to form a common front with China to hit back against US tariffs, for example, and many European countries remain wary of Chinese investment that could leave them beholden to Beijing. The EU-Japan trade deal is a good symbolic vote against the protectionism favored by the US administration. But its economic benefits will take decades to materialize and leaders in Europe will struggle to spin it as a political victory back home.

Nor is there much in the offing from Asia on the most pressing security issues raised by President Trump. Russia will continue to support its preferred political parties across Europe. Putin may well be emboldened by the US president’s obsequious display in Helsinki. On NATO, the Europeans face no choice but to pay up or continue to face further US threats. And the Iran deal is on life support, despite extensive efforts from Russia and China to prop it up.

Why it matters: But Trump’s behavior over the past week may finally force European leaders to decide whether they can simply wait out his term in the hope of a better alternative or if it’s time to start reevaluating long-term assumptions about American power, credibility, and loyalty. That could well produce a more coherent and sustained European strategy to leave the US behind.

We pay little attention to the waves of the sea, yet they are the greatest unused source of renewable energy in the world. Meet ISWEC and Power Buoy, two interesting new technologies used to harness this energy. Learn more about the extraordinary power of waves in this episode of Eni's Energy Shot series, where we investigate interesting facts and trends about energy.

Ukraine is once again in a tough spot.

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2.8 billion: Chinese regulators fined e-commerce giant Alibaba a record $2.8 billion — about four percent of its 2019 revenue — for abusing its dominant market position and forcing merchants to operate exclusively on its platform. Alibaba founder Jack Ma has fallen out with Beijing in recent months after the billionaire publicly criticized China's regulators for stifling innovation in technology.

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Vaccine nationalism, where countries prioritize their own citizens before the rest of the world, has been effective for rich nations like the United States and Israel. But leaving behind so much of the global population isn't just a humanitarian issue. It could prolong the pandemic, according to the World Health Organization's Chief Scientist, Dr. Soumya Swaminathan, who argues that what the global vaccination effort most urgently lacks are doses, not dollars. In a wide-ranging interview with Ian Bremmer on GZERO World, she calls for a large increase in the global vaccine supply in order to prevent the rise of more dangerous and vaccine-evading super-variants. She also weighs in on a controversial new WHO report investigating the origins of COVID-19 and suggests we may be seeing alternative vaccine forms, like nasal sprays, sooner than we think.

Listen: Soumya Swaminathan calls for a massive increase in the global vaccine supply in order to prevent the rise of more dangerous and vaccine-evading super-variants, in a wide-ranging interview with Ian Bremmer on the GZERO World podcast. Dr. Swaminathan, Chief Scientist at the World Health Organization, argues that vaccine nationalism, where countries prioritize their own citizens ahead of the rest of the world, will only prolong the pandemic because a virus does not stop at any national border. She also weighs in on a controversial new WHO report investigating the origins of COVID-19 and discusses when she thinks the world's children should get vaccinated. In addition, she suggests we may see alternative vaccine forms, like nasal sprays, sooner than we think.

Subscribe to the GZERO World Podcast on Apple Podcasts, Spotify, Stitcher, or your preferred podcast platform to receive new episodes as soon as they're published.

India, the world's third largest emitter of carbon dioxide, is one of the countries worst affected by climate change. But it takes issue with those now asking it to clean up its act. Why, the Indians ask, should we give up our right to get rich by burning fossil fuels like you developed economies have done for generations?

That's precisely the message that India's energy minister had for the US and other wealthy nations at a recent Zoom summit after they pressured Delhi to set a future deadline for net zero emissions. For India, he explained, such targets are "pie in the sky" aspirations that do little to address the climate crisis the country faces right now.

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The Beijing 2022 Winter Olympics are nearly a year away, but discussion of a potential boycott is already stoking tensions on both sides of the US-China relationship. Officials in Washington and other Western capitals are coming under mounting pressure from activists to respond to human rights abuses in China. An increasingly assertive Beijing, meanwhile, vigorously rejects any foreign criticism of what it regards as internal issues.

The last time the US boycotted an Olympics was in 1980, when it withdrew from the Summer Olympics in Moscow to protest the Soviet Union's invasion of Afghanistan. Four years later, the Soviet Union repaid in kind by skipping the Games in Los Angeles. Would the US and its allies do something like that again? And how might China respond? Eurasia Group analysts Neil Thomas and Allison Sherlock explain the drivers of the boycott movement and its possible fallout.

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In two weeks, US President Joe Biden will be hosting an online "climate summit" to mark Earth Day. He'll ask China and India to sign up to America's ambitious new plan to slow down climate change. Will they go for it? China is the world's largest polluter, but Beijing is rolling out solar and wind power as fast as it's burning coal. India, meanwhile, is loathe to pick up the slack for rich countries that polluted their way to wealth and now want everyone else to agree to emissions cuts. No matter what happens, any successful plan to reduce global emissions will require buy-in from these three nations which, along with the European Union, account for almost 60 percent of global carbon dioxide emissions nowadays. Here's a look at emissions by the world's top polluters compared to everyone else over the last two decades.

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