News Highlights
New PESD working paper assesses energy, India's foreign policy
PESD researchers Jeremy Carl, Varun Rai, and David Victor analyze the role of energy in India's foreign policy and show that fickle domestic political coalitions leave India's foreign policy apparatus incapable of making credible commitments in the energy sector. 
BusinessWeek cites Pemex study, quotes Victor
Recent PESD working paper on Pemex, Mexico's national oil company, is cited in BusinessWeek. PESD Director David Victor is also quoted.
- » The Void of Governance: An Assessment of Pemex's Performance and Strategy
- » BusinessWeek: Mexico's oil dilemma
Does the president really matter on greenery?
David Victor takes on that question in his latest column for Newsweek.com, arguing that the president's powers are much more constrained than is widely thought in the rest of the world. Presidents matter, but don't expect the next president alone to turn around America's foreign environmental policy. 
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Substantial part of carbon offset market doesn't mean reduction, Wara and Victor say
PESD scholars Michael Wara and David Victor suggest that a substantial fraction of the $12b market for international carbon offsets does not represent real reductions and that the market is unlikely to provide reliable cost-control for a domestic carbon market. Instead, they suggest that a broader array of strategies will be needed to make a real dent in developing world emissions and that more explicit cost control mechanisms be considered for a U.S. cap-and- trade market for greenhouse gases.
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