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Germany

Brexit, The End Of European "Soft Power"

Europe has seen its relative economic and military power decline for decades, but its "soft power" has held strong. But even that is now at risk.

Eager to leave
Eager to leave
Nando Sommerfeldt and Holger Zschäpitz

BERLIN — We would probably have been content with the status quo here in the Old World. The U.S. and China are by now, economically speaking, significantly superior to us. They also play in a different league on the military front.

All of this could be borne with magnanimity, seeing as the Old World has something in abundance that no other region on the planet has to offer, namely its good reputation. Even as the hard numbers, such as GDP, may be trending in the wrong direction, Europe is still a force to be reckoned with in "soft power."

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Economy

The Bogus Concept Of "Carbon-Neutral" Oil

The Colombian president recently said that the country had exported one million barrels of carbon-neutral or offset oil. But in an unregulated carbon market, such a claim is pure greenwashing.

People walk in the streets of Bogotá

María Mónica Monsalve Sánchez

-OpEd-

BOGOTÁ - In March this year, various national and corporate leaders met in Houston, Texas, for CERAWeek, an annual conference to discuss the world's energy challenges. Colombia's President Iván Duque took the opportunity to remind participants that his country produced just 0.6% of the world's carbon emissions even as it had raised crude production to one million barrels a day.

He said oil should not be seen as an enemy, since the fight was really against greenhouse gas emissions. He also revealed at the event that the country's national oil firm, Ecopetrol, had sold the Asian market its first million barrels of carbon-neutral or offset crude, consisting of the entire extraction, production and exportation chain.

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