Climate Change

Despite being in the midst of its rainy season, Panama is experiencing one of its driest periods on record. The lack of rainfall means that the Panama Canal—a vital conduit for global maritime trade—is facing severe challenges, with the implications extending beyond Panama’s borders to affect international trade and global supply chains.

The first Africa Climate Summit concluded with significant momentum for the continent’s approach to climate diplomacy. For many observers, though, these achievements were overshadowed by concerns over the endorsement of market-based schemes like carbon credits as a way out of the continent’s climate finance quandary.

Even as regular climate diplomacy has resumed between the U.S. and China, officials and observers of both countries have become markedly more pessimistic about the feasibility of carving out a separate lane for climate progress amid rising tensions. That may imperil our chances of a timely energy transition.