GENEVA/LONDON—This year may be remembered as the one when climate change could no longer be ignored. Rich economies are now suffering the devastating effects of global warming that have long plagued other countries. Wildfires, droughts, heat waves, and floods dominate the news, forcing political engagement and serious policy responses and business decisions.

Stringer/Feature China/Future Publishing via Getty Images Economics 0 Are China’s Rare Earths Really a Potent Weapon? Daniel Gros The available evidence indicates that Chinese rare-earth export restrictions would cost the West far less than often feared, though this cost is impossible to estimate precisely in advance. This is forcing prudence on both sides, to the disappointment of geopolitical hawks and the benefit of the global economy. argues that export restrictions can do only limited harm, though prudence is still in everyone’s interest.

Are China’s Rare Earths Really a Potent Weapon?

The available evidence indicates that Chinese rare-earth export restrictions would cost the West far less than often feared, though this cost is impossible to estimate precisely in advance. This is forcing prudence on both sides, to the disappointment of geopolitical hawks and the benefit of the global economy.

AFP/Getty Images Longer Reads 0 War and Climate Robert Muggah, et al. The war in Iran has underscored the dangers of relying on oil and gas imports. While it may revive demand for dirty fuels in the short term, over time it could also strengthen the case for clean-energy sources that reduce countries’ exposure to regional conflicts and maritime chokepoints. show why sacrificing rainforests and climate goals to strengthen energy security is no solution.

The war in Iran has underscored the dangers of relying on oil and gas imports. While it may revive demand for dirty fuels in the short term, over time it could also strengthen the case for clean-energy sources that reduce countries’ exposure to regional conflicts and maritime........

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