Washington and the EU have targeted Russian financial institutions. However targeting the energy sector has brought hard decisions for Western governments as sanctioning energy and gas will drive the short term price up by a noticeable amount. Russia's main export in the international free market. For countries reliant on Russia for natural gas for example the Nord stream 2, a sanction in the energy sector will be costly.
- Sep 2023
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www.ianfeinhandler.com www.ianfeinhandler.com
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a key component of thetest kits that laboratories use to detect viral RNA, are either running low or out of stock in manycountries.
This article showcases how not only did test kits surge in demand due to the coronavirus but also masks, although masks are in essence simple to manufacture, the varied parts of the mask make it a sophisticated product that requires imported material to manufacture, The temporary halt in global trade due to the virus caused a massive bottleneck in the production quantity as countries such as China purchased all the masks. Leaving other countries who don't have the resources void of any protection gear.
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Companies embracedglobal supply chains,
Due to globalization and the complexity of modern supply chains, many components and substitute materials can be sourced from different parts of the world. However this level of interdependency on trade to source material has led to unseen fragility in the modern world of trade and specialization.
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- Aug 2023
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www.core-econ.org www.core-econ.org
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owners and employees of companies
This paragraph deeply resonates with our inquiry question since it directly addresses the incentives as to why companies and politicians continue to disregard the notion of climate change. Many oil and gas companies will lose substantial amounts of profit if government restrict the amount of fossil fuels they can harvest. Therefore companies will try to sway public opinion on climate change to continue profiting off of consumers.
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game theory
ArticleThe article linked provides 3 different methods of using game theory to provoke companies to reduce their carbon emissions. One of which is carbon pricing.
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documents1.worldbank.org documents1.worldbank.org
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this [article] (https://drive.google.com/drive/folders/1f7jDwgdyTvqs-AMIUDLWXJxLwdBXPBs0) covers a new energy efficiency strategy being implemented in kenya with the help of international stakeholders. This intervention is a important pillar as kenya transitions towards through a sustainable development period.
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