Without so much as a farewell tip of the hat, President Barack Obama has pulled the plug on his Dan Morganmuch-promoted goal of comprehensive climate-change legislation. In his agenda-setting State of the Union address, he dropped any U.S. move toward EU-style cap and trade. Significantly, the word “climate” was never uttered. 

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Pelicans and marsh grass were not the only victims of the BP oil spill in the Gulf of Mexico. Another casualty was in Britain among some people there who felt aggrieved that their country seemed to get no specially gentle handling from the White House in the name of the “special relationship” between the U.S. and UK. That longstanding concept of a special bilateral tie has only slowly faded in London, even under the new government. But decision-makers in Washington have been saying privately for years that it no longer exists, except in special circumstances such as the wars in the Falklands and the Gulf.

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During this seminar, experts from both sides of the Atlantic discussed and debated key ideas and mechanisms for reducing global carbon emissions and containing costs. Panelists addressed the debate between the cap and trade system and carbon tax as well as internationalizing efforts to reduce carbon emissions. The speakers noted that effective market measures are critical to making real progress and that the continuing debate between cap and trade and carbon tax measures is crucial for driving innovation and investment.

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Nathalie Kosciusko-Morizet, French Minister of State for Forward Planning and Development of the Digital Economy, discussed how the ICT sector can facilitate the switch to a low-carbon economy and also promote sustainable growth. The digital industry, known for innovation and the rapid deployment of new technologies, is in a position to play an important role in the transition to a green economy as it impacts on all sectors of activities.
This meeting focused on Europe’s increasingly troubled energy relationship with Russia, with particular emphasis on Northern Europe. Against the backdrop of the Ukrainian gas crisis and renewed pledges on the Nord Stream gas pipeline project, participants assessed Russia's influence in European energy markets and the critical interplay between Russia's economic downturn and energy export policies, as well as the attendant implications for the transatlantic relationship. Participants included Pekka Sutela, Head of the Bank of Finland's Institute for Economies in Transition; Anders Åslund, Senior Fellow, Peterson Institute for International Economics; Jaroslav Kurfürst, Deputy Chief of Mission, Embassy of the Czech Republic; Dr. Phyllis Yoshida, Deputy Assistant Secretary for International Energy Cooperation, U.S. Department of Energy; Tomas Gulbinas, Deputy Chief of Mission, Embassy of the Republic of Lithuania and J. Robinson West, Chairman, Founder and CEO, PFC Energy. Ambassador C. Boyden Gray, former U.S. Special Envoy for European Union Affairs and Special Envoy for Eurasian Energy presented keynote luncheon remarks.