Since the first Industrial Revolution, goods and technologies have reached the farthest corners of the world, but the ability to design, build, market, and extract value from them has remained highly concentrated. Unless humanity can break this pattern, a sufficient response to climate change will remain out of reach. Oleh Pedro Ivo Ferraz da Silva

For the first time, a great power has moved to price transboundary climate-driven harms–massive wildfires–and extract compensation unilaterally. What was previously a development, insurance, or emissions-accounting issue is now a security and trade dispute between two G7 economies, setting a precedent that others may try to follow. Oleh Vera Songwe