Global demand for copper has climbed dramatically in recent years, a trend that is likely to continue apace. Peru is the world’s second largest producer of copper. Yet the clamor for copper is an opportunity that the nation is unable to seize upon at present. Peru is now undergoing severe political upheaval and protests that have brought new attention to the underlying risks in extractive industries and supply chains. Production cuts stemming from protests and blockades could amount to 3 percent of global copper output.

 

During the 2010s, the United States was on the verge of permanently losing competitiveness in global nuclear energy markets. This weakness threatened American geopolitical goals, with Russia further extending its nuclear market dominance and China eyeing reactor exports across the Belt and Road.

As COP27 draws to a close, the conference is proving to be a disappointment for environmental advocates focused on eliminating the planet’s number one emitter: coal-fired power.

Yet only a year ago, at the UN climate talks in Glasgow, it felt different. At that time, one could be forgiven for getting excited about the prospects for phasing out coal fired power. Countries had committed to ending its use. Tantalizingly, coalitions of international partners and multilateral development institutions also introduced mechanisms that could help finance closures at scale.