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

Consumption demand, which has long powered America’s formidable economy, rests on the promise of cheap energy. But the Trump administration has conflated that with fossil fuels, confusing historic correlation with causation and, in the process, jeopardizing long-term prosperity. Oleh Daniel Driscoll

Southeast Asian countries face two dilemmas in the Sino-US AI chip war: aligning their technology stacks with either of the great powers and preventing the illegal diversion of restricted chips. Oleh Gerald Mako

Despite being vital to health, security, and economic prosperity, water is often taken for granted. As supplies come under growing strain, water-related considerations will shape economic policy and political decision-making, as well as firms’ investment decisions, risk assessments, and corporate strategies. Oleh Bertrand Badré dan Esther Crauser-Delbourg