This week, U.S. President Joe Biden signed the Inflation Reduction Act, or IRA, into law. The act, which aims to transition the U.S. power sector to using 100 percent renewables by 2035, represents the biggest commitment to climate policy in U.S. history. But the IRA is a game-changer not just in size, but also in scope.
As inflation rates spike and interest rates rise, many countries are facing looming sovereign debt crises. A mechanism like the G-20’s Common Framework for Debt Treatments, aimed at addressing what could become a global debt crisis, is becoming more important than ever—but to be effective it needs to address major shortcomings.
In these early days of the global monkeypox outbreak, it appears as though we have failed to take any lessons from earlier disease outbreaks, including the ongoing coronavirus pandemic. This apparent inability or unwillingness to learn is startling, and runs the risk of weakening global health governance.