The global spread of the corona virus is a massive challenge for countries in the Global South. Beyond the health crisis, many countries face economic turmoil linked to their dependence on commodities. Commodity markets have reacted strongly to the COVID-19 crisis with drastic price movements...

"No major economy is more dependent on fossil fuel exports than Russia, yet it is unprepared for the global transition away from hydrocarbons. Thane Gustafson shows that as Russia's income shrinks, its economy will stagnate, even as global warming imposes growing costs on society. By mid-century...