The impacts of climate change are advancing faster than experts had previously predicted, and they are increasingly irreversible. But persistent climate skepticism from key global figures, motivated in part by national economic interests, is slowing diplomatic efforts to systematically address the drivers of climate change.
Efforts by the Biden administration to accelerate its quiet diplomacy with Venezuela have already produced some breakthroughs. But the greater challenge comes next, as Washington tries to leverage sanctions to incentivize Caracas to allow greater space for the opposition to compete in the 2024 presidential election.
The struggling global economy has led some to wonder if the U.S. dollar may lose its status as the world’s “reserve currency,” meaning its position as the currency most widely held by foreign governments. But for several reasons, we are more likely to see so-called dollar hegemony continue for some time into the future.