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631. Financing energy innovation: internal finance and the direction of technical change

Author:
Joëlle Noailly and Roger Smeets
Publication Date:
09-2021
Content Type:
Working Paper
Institution:
Centre for International Environmental Studies, The Graduate Institute (IHEID)
Abstract:
Achieving the goals of the Paris Agreement and of climate neutrality by 2050 in the European Union will require mobilizing financial investments towards clean energy innovation. This study examines the role of internal finance (cash flows and cash holdings) and financing constraints for innovation in energy technologies. We construct a dataset for 1,300 Europeans combining balance-sheet information and patenting activities in renewable (REN) and fossil-fuel (FF) technologies and estimate the sensitivity of patenting activities to's internal finance. We use count estimation techniques and control for a large set of-specific characteristics and market developments in REN and FF technologies. We find that patenting activities ofs specialized in REN innovation are significantly more sensitive to a shock in cash flows thans specializing in FF innovation. Hence, our results emphasize that innovatives in clean energy may be particularly vulnerable to financing constraints. We discuss the implications of these results for energy transition policies aiming to redirect finance towards clean energy R&D.
Topic:
Environment, Science and Technology, European Union, Finance, Sustainable Development Goals, Innovation, and Energy
Political Geography:
Europe

632. More Ethical Political Communication in the 21st Century

Author:
Benjamin Voth
Publication Date:
12-2021
Content Type:
Journal Article
Journal:
Turkish Policy Quarterly (TPQ)
Institution:
Transatlantic Policy Quarterly (TPQ)
Abstract:
Ethics as a matter of political communication vexes the human experiment in politics since its inception. A proper and grounded sense of ethics in political communication is a necessary ongoing consideration in all expert analysis of political communication in order to avoid important excesses of politics ranging from injustice to genocide. The key antidote to achieving ethical rather than unethical conduct in political communication is a careful praxis of discursive complexity. As the 21st century intensifies its attachments to vehicles of communication rooted in artificial intelligence, we as expert practitioners must intensify our pedagogy and research toward the encouragement of human dissent. The potential mismanagement of public opinion could through technological savvy unleash nightmares comparable or suprassing the Third Reich in the 1940s.
Topic:
Politics, Science and Technology, Communications, Ethics, and Artificial Intelligence
Political Geography:
Global Focus

633. Access and Use of ICT in Budget Transparency and Accountability in Local Governments

Author:
Florence Kuteesa, Susan Namirembe Kavuma, and Richard Ayesigwa
Publication Date:
07-2021
Content Type:
Working Paper
Institution:
Advocates Coalition for Development and Environment (ACODE)
Abstract:
This study examined the levels of awareness, access and capacities of local Government administration to use ICT tools and e-government services in the budgeting process in the advent of the COVID-19 pandemic. The pursuit of improved e-government services for budget transparency and accountability became the norm in Uganda. The Public Finance Management Act 2015, Section 12(2) mandates all stakeholders to promote and enforce transparent, efficient, and effective management of public expenditure.The findings of the study showed the potential of ICT to significantly enhance Budget Transparency and Accountability.
Topic:
Government, Science and Technology, Communications, Budget, Accountability, and Transparency
Political Geography:
Uganda and Africa

634. Simultaneous estimation and modeling of nonlinear, non- Gaussian state-space systems

Author:
Josiah Steckenrider and Furukawa Tomonari
Publication Date:
07-2021
Content Type:
Research Paper
Institution:
Department of Social Sciences at West Point, United States Military Academy
Abstract:
This paper presents a framework for simultaneous estimation and modeling of nonlinear, non-Gaussian state-space systems. In the proposed approach, uncertainty in motion model parameters is incorporated to avoid overconfidence in state prediction and better account for modeling inaccuracies. The additional original contribution of a model correction stage improves nonlinear model parameter estimates in order to enhance the accuracy of state estimation. The presented nonlinear/non-Gaussian Simultaneous Estimation And Modeling (SEAM) approach was compared with contemporary estimation techniques using a Monte-Carlo simulation study. This study showed that the proposed method successfully reduces estimation error relative to existing approaches even when substantial model parameter uncertainty and multi-modal sensor noise are present. The framework has potential use in a wide range of applications where state-space estimation is employed, including robotics, signal processing, and controls.
Topic:
Science and Technology, Space, Artificial Intelligence, and Models
Political Geography:
Global Focus

635. Corrosion Evaluation of a Navy MK50 Weapon Station Friction Brake Assembly

Author:
Ruby L. Romsland and Kenneth McDonald
Publication Date:
02-2021
Content Type:
Research Paper
Institution:
Department of Social Sciences at West Point, United States Military Academy
Abstract:
The presence of corrosion on or within structures is of major concern as corrosion reduces the integrity of the materials which could potentially result in large-scale failures of structures and equipment. The United States Navy is an organization that actively works to prevent large equipment failure due to corrosion. One such problem is the corrosion of the friction brake assembly on the MK50 Weapon Station, which has recently been experiencing corrosion between the friction brake and its set screw preventing it from operating correctly. The friction brake was known to be stainless steel; however, the set screw was of unknown composition. Through elemental analysis it was determined that the MK50 Weapons Station friction brake set screw was similar in composition to commonly available black oxide coated steel screws. Electrochemical polarization measurements of the friction brake assembly components revealed that the set screw and the friction brake were electrochemically dissimilar metals which resulted in the galvanic corrosion of the assembly when out at sea. The electrochemical polarization measurements of a stainless steel screw showed a corrosion potential similar to that of the friction brake; therefore, replacing the current set screw with a stainless steel screw would decrease the galvanic potential difference between the set screw and the friction brake. This proposed solution is expected to slow or prevent further corrosion of the MK50 Weapon Station ensuring the combat readiness of the equipment.
Topic:
Science and Technology, Military Strategy, Navy, and Engineering
Political Geography:
North America and United States of America

636. The Sydney Dialogue: Playbook

Author:
Fergus Hanson, Danielle Cave, and Madeleine Nyst
Publication Date:
11-2021
Content Type:
Special Report
Institution:
Australian Strategic Policy Institute (ASPI)
Abstract:
Major advances in technology have always been disruptive. But when they occur against a backdrop of great power competition, the stable development and deployment of these technologies becomes fraught. Few have grasped the enormity of the disruption coming our way as more and more new technologies – from increasingly sophisticated surveillance to quantum and biotechnologies – are deployed across the world. While governments grapple with foreseeing the full impacts and setting policy direction, there’s a growing realisation that emerging and critical technologies will be extraordinarily important for societies, economies and national security. We launched The Sydney Dialogue to support a more stable roll-out of the next wave of transformational technologies. It is a forum allowing for frank debate about the rapidly changing strategic landscape, and a space for governments, business and civil society to come together to focus on solutions, cooperation and policy options. The Sydney Dialogue came about because we saw big gaps in forums on technology, especially in the Indo-Pacific. There were industry events that showcased the latest technical advances and products, but they tended to eschew policy debates, and did not encompass government and civil society. There were important government multilateral discussion and policymaking forums, but these usually lagged well behind technological advances, and because they were primarily for governments, key global players – including those making the technology – weren’t part of the discussion. And there were excellent civil society initiatives, but these often focused on individual topics that were only one piece of a larger puzzle. Few of these initiatives focused on or resonated in the Indo-Pacific – the region that incubates much of the world’s technological innovation and has become a hotbed of strategic technological competition. These gaps drove us towards a dynamic where all the key actors were speaking past one another, while rarely all being in the same room. Tech companies are developing and deploying products that are revolutionary and hugely disruptive. A decade later, governments are scrambling to retrospectively legislate to address issues they did not foresee, and civil society is critiquing from the sidelines. Right now, three major problems must be addressed to ensure the stable development of advanced technologies. First, there’s the large lag between the deployment of new technologies and regulation governing them. With social media, this lag was about a decade. As we’ve seen, this doesn’t lead to good outcomes for individuals, or for societies. Second, there’s a delay between states’ use of new technologies and their consideration of the ethical questions raised by its use. Examples of this can be seen in the global surveillance industry, which has allowed its products to support some of the most egregious human rights abuses of our times. Third, a tense relationship between governments and technology companies is playing out around the world. The negative dynamic that has taken hold is hindering progress and genuine cooperation, leaving democracies at risk of being left behind. The Sydney Dialogue seeks to fill a gap and contribute towards these big challenges. By bringing world leaders, tech company CEOs and the world’s top civil society voices together for an annual dialogue, we hope the roll-out of the next wave of revolutionary technologies over the coming decade can be better managed. This collection of striking essays from some of the world’s top strategic thinkers from across business, government and civil society is a fitting way to start this dialogue. It explores timely debates at the forefront of technology and examines points of crisis and tension in the nexus of society, government and technology. Crucially, it offers innovative ideas to solve these challenges and bring about a brighter, fairer Indo-Pacific. The following pieces bring us all a much-needed dose of optimism and show that in many cases, the solutions already exist – we just need to work together to bring them to life.
Topic:
National Security, Science and Technology, Economy, Surveillance, and Society
Political Geography:
Australia and Global Focus

637. Benchmarking critical technologies: Building an evidence base for an informed critical technologies strategy

Author:
Kitsch Liao, Samantha Hoffman, Karly Winkler, Baani Grewal, and Cheryl Yu
Publication Date:
11-2021
Content Type:
Policy Brief
Institution:
Australian Strategic Policy Institute (ASPI)
Abstract:
Technology policy formulation has recently gained a renewed importance for governments in the era of strategic competition, but contextual understanding and expertise in deciding where to focus efforts are lacking. As a result, decision-makers might not understand their own national strengths and weaknesses. It’s difficult to judge whether a country’s R&D outputs, no matter how advanced, and its development of production capacity, no matter how significant, align with the country’s intended strategic objectives or can be used effectively to achieve them. The ability to measure the relative strengths and weaknesses of a country by weighing specific strategic objectives against technical achievements is of paramount importance for countries. This is especially true as nations seek to resolve supply-chain resilience problems underscored by the Covid-19 pandemic. China’s rejection of the Quad’s vision of a free and open Indo-Pacific, willingness to use economic coercion and the resulting strategic competition, call further attention to multiple technology sectors’ heavy reliance on a single source. A solution must be found that can exploit synergy across multiple technology sectors among collaborating countries while ensuring supply-chain resilience.
Topic:
Science and Technology, Strategic Competition, COVID-19, Supply Chains, and Research and Development
Political Geography:
China and Indo-Pacific

638. The Role of Blockchain in Green Hydrogen Value Chains

Author:
Nicola De Blasio and Charles Hua
Publication Date:
11-2021
Content Type:
Policy Brief
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
A rainbow of colors currently dominates almost every conversation on the transition to a low-carbon economy: green, grey, blue, turquoise, pink, yellow[1] - an ever-increasing palette to describe the same colorless, odorless, and highly combustible molecule, hydrogen. The only difference is the chemical process used to produce it. The colors of hydrogen are crucial for the energy transition because each production pathway generates different amounts of greenhouse gas emissions. For example, while grey hydrogen, produced from fossil fuels, yields up to 20 tons of carbon dioxide per ton of hydrogen, green hydrogen, produced from renewable energy sources like solar and wind, yields no emissions. Furthermore, although these colors all refer to the same molecule, production costs differ: green hydrogen remains substantially more costly today. With aggressive development and deployment of electrolyzers and other hydrogen technologies at scale, green hydrogen could become cost-competitive with blue hydrogen, produced from natural gas with carbon capture, by 2030 in many countries.[2] Overall, the rate at which green hydrogen costs decrease will also depend on government policies and incentives, such as carbon pricing and tax credits. Therein lies a critical challenge for the successful transition to a low-carbon economy. As energy systems increasingly evolve from centralized to decentralized, from “grey” to “green,” stakeholders will need to efficiently account for and track emissions and green molecules in a transparent, secure, and standardized way, and must be able to do so along value chains from production to consumption.
Topic:
Environment, Science and Technology, Natural Resources, Innovation, Renewable Energy, Hydrogen, and Energy
Political Geography:
Global Focus

639. The European Union at a Crossroads: Unlocking Renewable Hydrogen’s Potential

Author:
Nicola De Blasio and Alejandro Nuñez-Jimenez
Publication Date:
11-2021
Content Type:
Policy Brief
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
European countries are at a crossroads on their path to carbon neutrality. Today, they are at the forefront of the global clean hydrogen race but going forward they would be better served by collaborating instead of working alone. Overall, the European Union (EU) is highly competitive in clean technologies manufacturing and thus well-positioned to benefit from the emergence of global hydrogen markets. But a narrow focus on short-term cost considerations could drive member states to implement national roadmaps with little or no coordination among themselves and hence little or no chance of competing globally. As a bloc, the EU has pledged to reach carbon neutrality by 2050. Clean hydrogen is a cornerstone of this transformational effort; accordingly, in July 2020, the EU adopted its hydrogen strategy with the ambition of deploying open and competitive clean hydrogen markets for all energy sectors and segments by 2050.1 Success hinges around implementing a cohesive long-term strategy to address a fundamental ques- tion and its associated challenges: where could the EU source competitive and secure renewable hydrogen supplies? As our previous research shows, all countries have access to renewable resources (such as solar or wind), to different degrees, and could produce some renewable hydrogen locally. However, while resource-rich countries, such as Spain, could evolve into regional exporters, no EU member state has the potential to become a global export champion. At the same time, North African countries, such as Morocco, are well-situated to act as key suppliers to the EU. Furthermore, imports from resource-rich regions like North America could help to address security of supply concerns.2 Today, EU hydrogen demand stands at 7.8 million tons per year (Mt/yr), equivalent to about 10% of global demand. Germany and the Netherlands are the largest consumers, accounting for over a third of EU demand, followed by Poland, Spain, Italy, Belgium, and France, which consume about 0.5 Mt/yr each.3 According to available projections, as hydrogen use grows across all economic sectors, EU hydrogen demand could reach 76 Mt/yr by 2050. But while the EU strategy sets clear targets on electrolyzer deployment by 2030, it provides very few details on how the bloc could meet demand—and at what cost—by 2050.
Topic:
Economics, Environment, Science and Technology, Natural Resources, European Union, Innovation, Hydrogen, and Energy
Political Geography:
Europe

640. A New Era of US Policy Toward the Korean Peninsula

Author:
Joshua Nezam
Publication Date:
02-2021
Content Type:
Special Report
Institution:
Pacific Forum
Abstract:
This paper offers concrete policy recommendations and institutional tools for the incoming Biden administration and Congress to revise policy toward the Korean Peninsula. Deterring North Korea will remain a focus of the alliance, but prioritizing denuclearization must no longer monopolize the alliance’s political capital nor paralyze its global potential. The US and South Korea must clarify how shared values translate into policy convergence in security, economy, and technology domains to rediscover relevance in an era of multidimensional structural competition with China. Even without a comprehensive nuclear agreement with North Korea, the near-term priority must be to revitalize the regional security architecture to uphold extended deterrence to South Korea and Japan while institutionalizing a process of managing tensions and capping North Korea’s most destabilizing capabilities. Lastly, Congress must deliberate a viable path toward risk reduction and peace with Pyongyang while advocating for transformational change through advocacy for human rights and freedom of information.
Topic:
Security, Foreign Policy, Science and Technology, Economy, and Alliance
Political Geography:
North America, Korean Peninsula, and United States of America