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231. Sustainable Energy through Green bonds in India

Author:
Olaf Weber and Vasundhara Saravade
Publication Date:
07-2020
Content Type:
Working Paper
Institution:
Gateway House: Indian Council on Global Relations
Abstract:
India’s energy future needs to be low-carbon, climate-resilient and protected against price fluctuation. It can meet these needs by investing in Canadian oil companies, given the country’s political stability and rule of law. India can also attract greater foreign direct investment at home through the issuance of green bonds, a climate finance debt instrument that addresses environmental and climate-related challenges. This paper explores the regulatory perspective of the green bond market.
Topic:
Climate Change, Energy Policy, Foreign Direct Investment, Rule of Law, and Renewable Energy
Political Geography:
South Asia, Canada, India, and North America

232. A Defence Industrial Agenda for India

Author:
Sameer Patil
Publication Date:
07-2020
Content Type:
Working Paper
Institution:
Gateway House: Indian Council on Global Relations
Abstract:
The delivery of five Rafale fighter jets this week demonstrates the continued upgrading of India’s military capabilities. A key part of this process has been the building of a domestic defence-industrial base by promoting participation of the private sector. Bringing certainty to defence procurement, monitoring emerging technologies and joining hands with like-minded countries, will play a critical role in taking this forward.
Topic:
Science and Technology, Military Affairs, and Defense Industry
Political Geography:
South Asia and India

233. India and the SCO in the 21st Century

Author:
Rajiv Bhatia, Sifra Lentin, and Ambika Khanna
Publication Date:
11-2020
Content Type:
Working Paper
Institution:
Gateway House: Indian Council on Global Relations
Abstract:
The 20th meeting of the Council of the Shanghai Cooperation Organization (SCO) Heads of States was held virtually on 10th November, 2020. The meeting precedes the SCO Summit to be hosted by India at the end of this month, and for which preparations have been on through the year. In this compendium of three essays, Gateway House assesses the potential for deepening economic cooperation between India & SCO, asks whether the SCO Charter needs dynamism and revision, and traces the roots of the regions's Buddhist presence, back to India.
Topic:
Foreign Policy, International Trade and Finance, Investment, and Economic Cooperation
Political Geography:
South Asia and India

234. Hard security dynamics in the Baltic Sea region: From turbulence to tense stability

Author:
Matti Pesu
Publication Date:
01-2020
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
This Briefing Paper looks into the fundamentals of the Baltic Sea security landscape in the early 2020s. It argues that three interconnected security dynamics shape the present, ‘post-2014’ security environment in Northeastern Europe. That is to say, Russia’s assertive behaviour in the region and in Europe more broadly, NATO’s reassurance and deterrence measures in the area, and Finland’s and Sweden’s closer integration into the Western defence network all affect hard se- curity dynamics in the Baltic Sea region. These three dynamics underlie the tense regional stability that emerged after a period of alarmism and turbulence in the immediate aftermath of Russia’s ac- tions in Ukraine. Fundamentally, the stability is the product of the interplay between the three dynamics. In other words, NATO’s reassurance and deterrence measures accompanied by Finland’s and Sweden’s in- tegration into the Western security and defence system act as a counterweight to Russia’s actions in the region, creating a balance of power holding Russia’s ambitions in check. Investigating the sources of regional balance is rele- vant for multiple reasons. The region remains a poten- tial hotspot between Russia and the West and, thus, it merits close and continuous attention. Moreover, the word ‘stability’ frequently features in foreign policy parlance in Northern Europe, particularly in Finland and Sweden. Given this rhetorical proclivity, attention needs to be paid to the factors that actually constitute stability and the state of hard security in the Baltic Sea area. The paper consists of three analytical parts. First, it provides a brief historical overview of the twists and turns in the regional security landscape from the early post-Cold War era to today. The second part introduces the three dynamics in detail, followed by an analysis of how they are interconnected. The paper concludes by contemplating how regional stability could best be preserved in the 2020s.
Topic:
Security, Defense Policy, NATO, International Cooperation, and Military Strategy
Political Geography:
Russia, Europe, and Baltic Sea

235. EU sanctions and Brexit: Losing the hard edge of European foreign policy?

Author:
Juha Jokela and Ilari Aula
Publication Date:
01-2020
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
The EU needs to assume more responsibility in defending its interests and security. Brexit will constitute an additional challenge for the EU in this respect, and has led to calls to strengthen the efficiency of the the Common Foreign and Security Policy, including EU sanctions, which currently form one of the toughest and most increasingly used tools in the EU’s foreign policy toolbox. The UK has been the most active and influential member state in formulating the EU’s sanctions policy. The EU could largely replace the technical expertise provided by the UK, yet the level of ambition of the EU’s sanctions policy is likely to decrease. Even though the UK has taken measures to maintain the sanctions regimes it agreed to as an EU member state, an independent UK sanctions policy could result in divergence. The envisaged coordination mechanisms between EU and UK sanctions policies can mitigate some of the negative implications of Brexit, but they cannot replace the UK’s EU membership.
Topic:
Regional Cooperation, Sanctions, European Union, and Brexit
Political Geography:
United Kingdom and Europe

236. Managed leadership succession in Kazakhstan: A model for gradual departure?

Author:
Kristiina Silvan
Publication Date:
03-2020
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
In March 2019, Kazakhstan’s authoritarian leader, Nursultan Nazarbayev, stepped down after three decades of rule and yielded power to his nominated successor, Kassym-Zhomart Tokayev. However, Nazarbayev has paradoxically remained the most powerful political actor in Kazakhstan. Kazakhstan’s model of gradual leadership succession could serve as an example to authoritarian states around the world, but it is particularly significant in the post-Soviet context. Institutional and constitutional changes that took place in the 1990s were aimed at concentrating power in the presidency. However, modifications initiated by Nazarbayev in the 2000s and 2010s sought to weaken the Kazakh presidency while strengthening power vested in himself personally, in order to ensure the continuation of a political status quo and his family’s well-being after the transfer of power. Despite the careful preparation and Tokayev’s relatively smooth ascension to power, it is still too early to evaluate the success of the transfer due to the vast powers retained by Nazarbayev. The transition of power in Kazakhstan remains an ongoing process and, as such, unpredictable.
Topic:
Power Politics, Authoritarianism, Leadership, and Transition
Political Geography:
Central Asia and Kazakhstan

237. Covid-19 – a trigger for global transformation? Political distancing, global decoupling and growing distrust in health governance

Author:
Mika Aaltola
Publication Date:
04-2020
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
Since late 2019, the world has sought – frantically at times – to appropriate policies for responding to the coronavirus pandemic (Covid-19). This Working Paper reviews the political significance of Covid-19 in order to understand the ways in which it challenges the existing domestic order, international health governance actors and, more fundamentally, the circulation-based modus operandi of the present world order. The analysis begins with the argument that contagious diseases should be regarded as complex open-ended phenomena with various features; they are not reducible to biology and epidemiology alone. In particular, politics and social reactions – in the form of panic and blamecasting, for example – are prominent features with clear historical patterns, and should not, for the sake of efficient health governance, be treated as aspects extraneous to the disease itself. The Working Paper further highlights that when a serious infectious disease spreads, a “threat” is very often externalized into a culturally meaningful “foreign” entity. Pandemics tend to be territorialized, nationalized, ethnicized, and racialized. This has also been the case with Covid-19.
Topic:
Governance, Public Health, Pandemic, and COVID-19
Political Geography:
Global Focus

238. Finland’s response to the Covid-19 epidemic: Long-term preparation and specific plans

Author:
Charly Salonius-Pasternak
Publication Date:
03-2020
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
To address Covid-19, Finland has activated its Emergency Powers Act for the first time ever. While the outcome remains uncertain, Finland’s plan for how to protect its citizens and vital functions of society has withstood its initial confrontation with reality. The authorities are cooperating with private and third-sector actors to ensure that implementation is effective and to anticipate further steps.
Topic:
Public Health, Pandemic, COVID-19, and Medicine
Political Geography:
Europe and Finland

239. China after the pandemic: Insecurity spills over to contradictory foreign policy actions

Author:
Jyrki Kallio
Publication Date:
03-2020
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
China has garnered international goodwill by aiding countries hardest hit by the Covid-19 pandemic. China is in a position to show that it takes its ideal of creating a global community with a shared future seriously. However, the country’s other actions undermine its soft-power dissemination efforts.
Topic:
International Cooperation, Public Health, Pandemic, and COVID-19
Political Geography:
China and Asia

240. Italy and the Covid-19 emergency: Tackling an unprecedented crisis, with limited EU solidarity

Author:
Marco Siddi
Publication Date:
03-2020
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
Thus far, Italy has been the EU member most affected by the Covid-19 pandemic, as well as the first one to take drastic measures to fight contagion. The country is now a reference for lessons learned and a test case for solidarity in the EU.
Topic:
European Union, Public Health, Pandemic, and COVID-19
Political Geography:
Europe and Italy