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America Needs to Take Better Care of Its Military

America Needs to Take Better Care of Its Military

New York Times2 days ago
For 12 days in June, the United States teetered on the edge of yet another war in the Middle East. We seem to have avoided the worst for now, but there is a chance that fighting between Israel and Iran could resume — especially if diplomatic efforts to restrain Iran's nuclear ambitions fail. And pressure on President Trump from prominent interventionist Republican policymakers remains to support a regime change operation against Iran, which also risks reigniting the conflict.
At the same time, the threat of war with China looms large. China continues to rapidly expand its Navy and build capabilities that would enable it to seize Taiwan if it so chooses. We are now less than 18 months away from 2027, the year that Admiral Phil Davidson, a former commander of the military Indo-Pacific Command, once said China could be able to seize Taiwan through force. A war with nuclear-armed China would be several orders of magnitude more dangerous than a war with Iran.
Regardless, the United States still must be prepared to wage a major conflict. And while there is no doubt that the U.S. military remains the most powerful and capable fighting force in the world, it is suffering from systemic challenges in a critical component of warfighting success: personnel readiness.
Even on the modern high-tech battlefield, war is still a people business. For the Department of Defense, this means it must care for its people along with developing its weapons in order to maintain lethality while also creating an environment that incentivizes Americans to continue to serve. When service members and their families cannot rely on the programs that are intended to ensure their quality of life, it distracts them from their duties, which inevitably limits their effectiveness in combat.
A critical challenge the second Trump administration inherited is the state of the Military Health System. The system is responsible for caring for over nine million uniformed service members, military families, retirees and contractors around the world, while also providing care for wounded service members at home. But the system has been declining, and budgets for military hospitals have fallen by nearly 12 percent since 2015. As a result, its ability to provide adequate care to these groups and support the Defense Department in a major military conflict has become severely compromised.
Military treatment facilities currently face a global maintenance backlog exceeding $10 billion, which has led many M.H.S. hospitals to fall into disrepair. The Walter Reed National Military Medical Center outside of Washington, D.C., which routinely treats presidents and members of Congress, had to evacuate several clinics earlier this year, owing to burst pipes that resulted from delayed maintenance.
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Trump tariffs live updates: No immediate tariff pause after US-China talks; Trump says Aug. 1 deadline will stay
Trump tariffs live updates: No immediate tariff pause after US-China talks; Trump says Aug. 1 deadline will stay

Yahoo

time13 minutes ago

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Trump tariffs live updates: No immediate tariff pause after US-China talks; Trump says Aug. 1 deadline will stay

President Trump said Tuesday that India may be hit with a tariff rate of 20% to 25%. The country is one of the largest US trade partners seeking an agreement ahead of Trump's Aug. 1 deadline, when nations who have not yet reached a deal will face higher tariffs. 'India has been a good friend, but India has charged basically more tariffs than almost any other country," he said. Trump on Wednesday again said he would not extend Friday's deadline for tariffs to kick in to levels outlined by deals or letters Trump has sent to country leaders. "THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE — IT STANDS STRONG, AND WILL NOT BE EXTENDED. A BIG DAY FOR AMERICA!!!" Trump said. Trump confirmed this week that 15% represents the new tariff "floor" for countries, whose rates he has been dictating to leaders in the absence of trade deals. Meanwhile, the US and China concluded their latest round of tariff and trade talks in Sweden on Tuesday, with both sides touting progress but without an immediate announcement of a further tariff delay. Treasury Secretary Scott Bessent said President Trump would make the final call on extending the trade truce between the world's two largest economies. This week's talks were the third round for the countries, which have slowly deescalated trade tensions since Trump imposed gargantuan tariffs in April, and China reciprocated. The countries suspended those tariffs for 90 days — a suspension that is set to end on Aug. 12. Bessent said another 90-day extension is possible. Also, the US and EU are racing to lock in the final details of their major new trade deal before Friday. Top EU critics say it's a rushed fix. German Chancellor Friedrich Merz called the outcome unsatisfying and France's Bayrou dubbed the EU's "submission" a "dark day." The agreement includes a baseline tariff rate of 15% on most EU goods imported into the US. Trump called the deal 'the biggest of them all." Read more: What Trump's tariffs mean for the economy and your wallet Here are the latest updates as the policy reverberates around the world. Trump says Aug. 1 deadline will not be extended Two posts from Truth Social this morning: And: Harley-Davidson misses second-quarter profit estimates as tariffs weigh Motorcycle maker Harley Davidson (HOG) reported lower second-quarter profit and did not provide an annual forecast on Wednesday, as US President Trump's tariffs continued to weigh on the motorcycle maker. Reuters reports: Read more here. India eyes fall deadline for US deal amid Trump threats India has said that it will continue its negotiations with the US for a trade deal and hope one can be established by fall of 2025, despite President Trump's Aug. 1 deadline, where trading partners will face higher tariffs. Bloomberg News reports: Read more here. Luxury car brands Aston Martin and Porsche report tariff hit President Trump's tariffs have caused two automakers to either issue warnings on Wednesday or trim outlooks. British luxury carmaker Aston Martin (AML.L, ARGGY) issued a profit warning on Wednesday, citing the impact of US import tariffs and prolonged suppressed Asian demand linked to China's economic slowdown. While Volkswagen's ( VWAGY) luxury brand Porsche cut its full-year profitability target on Wednesday after the EU's trade deal with the US and reported a $462-million hit from tariffs in the first half. Reuters reports: Read more here. Trump: India may get 20% to 25% tariff but not yet final President Trump said India could face tariffs of 20% to 25%, but added the final rate isn't set yet as both countries work on a trade deal before the August 1 deadline. 'I think so,' Trump told reporters Tuesday when asked if that was a possible tariff rate for New Delhi. 'India has been a good friend, but India has charged basically more tariffs than almost any other country,' Trump said aboard Air Force One as he returned to Washington from a five-day visit to Scotland. 'You just can't do that.' The US Trade Representative Jamieson Greer said "more negotiations" are needed between the US and India in order to secure a trade deal, Greer's statement was made just days before the Aug. 1 deadline for higher tariffs. Bloomberg News reports: Read more here. Brazil asks US to spare key food products, planes from tariffs Brazil has asked the US to spare key sectors from sky-high tariffs that will take effect on Friday. Specifically, it has asked for exemptions for food products and aircraft from Embraer, the world's third-largest planemaker. More from Reuters: Brazil is facing 50% tariffs on its exports to the US from Friday. That is among the highest rates Trump has threatened in his new round of sweeping tariffs. Those levies are coming in part because of what Trump alleges is the country's unfair treatment of its former president, who is currently on trial in the country. Read more here. US-China talks end without further pause, with Trump to make 'final call' US and Chinese negotiators wrapped up two days of talks Tuesday without an immediate announcement of a further tariff delay between the world's two largest economies as markets watch closely for an offramp to avert additional duties that could be in the offing in about two weeks' time. "We're going to head back to Washington, D.C., and we're going to talk to the president about whether that's something that he wants to do," said Trade Representative Jamieson Greer after the talks concluded in Stockholm, Sweden. "The president can make a final call," he added. Treasury Secretary Scott Bessent added Tuesday that it was "a very fulsome two days" of talks and that another 90-day pause remains on the table with the overall tone of talks being "very constructive." Trump himself was asked later in the afternoon about the chances of approval, telling reporters on Air Force One he had just spoken to Bessent and that he would decide after a briefing but that Bessent felt good about Tuesday's meeting. Read more here. US goods trade deficit hits nearly 2-year low as imports tumble The US trade deficit in goods narrowed in June to its lowest in nearly two years as imports dropped sharply. Reuters reports: Read more here. IMF edges 2025 growth forecast slightly higher, warns tariff risks still dog outlook Reuters reports: Read more here. India braces for higher US tariffs, eyes broader trade deal: Sources India is bracing itself for higher US tariffs, which will likely be between 20-25% on some exports, according to people familiar with the matter. This will be a temporary measure as it holds off on a fresh trade concession ahead of President Trump's August 1 deadline. Reuters reports: Read more here. Why markets are shrugging off lack of details in Trump trade deals The simplest reason, as explained by Siebert Financial CIO Mark Malek, is that overall progress in various trade talks suggests that worst case scenarios are being avoided "so I think for the most part we're happy." More from Yahoo Finance's Ben Werschkul: Read more here. Tariffs bleed into profits A few tariff mentions on earnings releases this morning that have caught my attention: P&G beats on earnings, warns of $1 billion tariff hit The consumer goods giant, Proctor and Gamble (PG) said on Tuesday that it will see a $1 billion hit to profits in its new fiscal year as a result of tariffs. Yahoo Finance's executive editor Brian Sozzi looks into the latest earnings report from makers of Tide and Pampers. Read more here. EU, US rush to clinch final details and lock in trade deal The EU and the US are rushing to finish a trade deal before the August 1 deadline. They want to agree on a joint statement that will allow the US to start cutting tariffs on some goods, like cars and car parts. After that, they will work on a final, legally binding deal. This will need approval from EU countries and maybe the European Parliament. The exact details are still being worked out. Some European leaders worry the deal might hurt their economies. But both sides are focused on finishing the deal soon to avoid more trade problems. Bloomberg News reports: Read more here. Trump official: More talks needed to clinch India deal The US Trade Representative Jamieson Greer said "more negotiations" are needed between the US and India in order to secure a trade deal, Greer's statement was made just days before the Aug. 1 deadline for higher tariffs. Bloomberg News reports: Read more here. Rating firms say US tariffs alone will not trigger EU sovereign downgrades Reuters reports: Read more here. US trade deal eases tariff uncertainties, but risks remain: Japan Japan said on Tuesday that its trade deal with the US has removed uncertainties on but attention must be given to the risks these policies are putting on the Japanese economy. Reuters reports: Read more here. Philips soars after lifting margin outlook on softer tariff hit Royal Philips NV (PHG) stock rose 9% before the bell on Tuesday after it increased its profitability outlook as the impact of the trade war was not as severe as it feared. Bloomberg News reports: Read more here. Stellantis warns of $1.7B US tariff impact in 2025 Stellantis (STLA) shared updated first-half results after giving early numbers last week. The company said that President Trump's tariffs will cost it $1.73 billion in 2025. Yahoo Finance's senior reporter Pras Subramanian looks into the automakers earnings further and its anticipated tariff hit: Read more here. Germany's Merz says he did not expect better EU-US trade deal, German economy will suffer Germany's Chancellor released a statement saying he's not "satisfied" with the new EU-US trade deal and expressed concerns about how it'll affect his country's economy. Reuters reports: Read more here. Trump says Aug. 1 deadline will not be extended Two posts from Truth Social this morning: And: Two posts from Truth Social this morning: And: Harley-Davidson misses second-quarter profit estimates as tariffs weigh Motorcycle maker Harley Davidson (HOG) reported lower second-quarter profit and did not provide an annual forecast on Wednesday, as US President Trump's tariffs continued to weigh on the motorcycle maker. Reuters reports: Read more here. Motorcycle maker Harley Davidson (HOG) reported lower second-quarter profit and did not provide an annual forecast on Wednesday, as US President Trump's tariffs continued to weigh on the motorcycle maker. Reuters reports: Read more here. India eyes fall deadline for US deal amid Trump threats India has said that it will continue its negotiations with the US for a trade deal and hope one can be established by fall of 2025, despite President Trump's Aug. 1 deadline, where trading partners will face higher tariffs. Bloomberg News reports: Read more here. India has said that it will continue its negotiations with the US for a trade deal and hope one can be established by fall of 2025, despite President Trump's Aug. 1 deadline, where trading partners will face higher tariffs. Bloomberg News reports: Read more here. Luxury car brands Aston Martin and Porsche report tariff hit President Trump's tariffs have caused two automakers to either issue warnings on Wednesday or trim outlooks. British luxury carmaker Aston Martin (AML.L, ARGGY) issued a profit warning on Wednesday, citing the impact of US import tariffs and prolonged suppressed Asian demand linked to China's economic slowdown. While Volkswagen's ( VWAGY) luxury brand Porsche cut its full-year profitability target on Wednesday after the EU's trade deal with the US and reported a $462-million hit from tariffs in the first half. Reuters reports: Read more here. President Trump's tariffs have caused two automakers to either issue warnings on Wednesday or trim outlooks. British luxury carmaker Aston Martin (AML.L, ARGGY) issued a profit warning on Wednesday, citing the impact of US import tariffs and prolonged suppressed Asian demand linked to China's economic slowdown. While Volkswagen's ( VWAGY) luxury brand Porsche cut its full-year profitability target on Wednesday after the EU's trade deal with the US and reported a $462-million hit from tariffs in the first half. Reuters reports: Read more here. Trump: India may get 20% to 25% tariff but not yet final President Trump said India could face tariffs of 20% to 25%, but added the final rate isn't set yet as both countries work on a trade deal before the August 1 deadline. 'I think so,' Trump told reporters Tuesday when asked if that was a possible tariff rate for New Delhi. 'India has been a good friend, but India has charged basically more tariffs than almost any other country,' Trump said aboard Air Force One as he returned to Washington from a five-day visit to Scotland. 'You just can't do that.' The US Trade Representative Jamieson Greer said "more negotiations" are needed between the US and India in order to secure a trade deal, Greer's statement was made just days before the Aug. 1 deadline for higher tariffs. Bloomberg News reports: Read more here. President Trump said India could face tariffs of 20% to 25%, but added the final rate isn't set yet as both countries work on a trade deal before the August 1 deadline. 'I think so,' Trump told reporters Tuesday when asked if that was a possible tariff rate for New Delhi. 'India has been a good friend, but India has charged basically more tariffs than almost any other country,' Trump said aboard Air Force One as he returned to Washington from a five-day visit to Scotland. 'You just can't do that.' The US Trade Representative Jamieson Greer said "more negotiations" are needed between the US and India in order to secure a trade deal, Greer's statement was made just days before the Aug. 1 deadline for higher tariffs. Bloomberg News reports: Read more here. Brazil asks US to spare key food products, planes from tariffs Brazil has asked the US to spare key sectors from sky-high tariffs that will take effect on Friday. Specifically, it has asked for exemptions for food products and aircraft from Embraer, the world's third-largest planemaker. More from Reuters: Brazil is facing 50% tariffs on its exports to the US from Friday. That is among the highest rates Trump has threatened in his new round of sweeping tariffs. Those levies are coming in part because of what Trump alleges is the country's unfair treatment of its former president, who is currently on trial in the country. Read more here. Brazil has asked the US to spare key sectors from sky-high tariffs that will take effect on Friday. Specifically, it has asked for exemptions for food products and aircraft from Embraer, the world's third-largest planemaker. More from Reuters: Brazil is facing 50% tariffs on its exports to the US from Friday. That is among the highest rates Trump has threatened in his new round of sweeping tariffs. Those levies are coming in part because of what Trump alleges is the country's unfair treatment of its former president, who is currently on trial in the country. Read more here. US-China talks end without further pause, with Trump to make 'final call' US and Chinese negotiators wrapped up two days of talks Tuesday without an immediate announcement of a further tariff delay between the world's two largest economies as markets watch closely for an offramp to avert additional duties that could be in the offing in about two weeks' time. "We're going to head back to Washington, D.C., and we're going to talk to the president about whether that's something that he wants to do," said Trade Representative Jamieson Greer after the talks concluded in Stockholm, Sweden. "The president can make a final call," he added. Treasury Secretary Scott Bessent added Tuesday that it was "a very fulsome two days" of talks and that another 90-day pause remains on the table with the overall tone of talks being "very constructive." Trump himself was asked later in the afternoon about the chances of approval, telling reporters on Air Force One he had just spoken to Bessent and that he would decide after a briefing but that Bessent felt good about Tuesday's meeting. Read more here. US and Chinese negotiators wrapped up two days of talks Tuesday without an immediate announcement of a further tariff delay between the world's two largest economies as markets watch closely for an offramp to avert additional duties that could be in the offing in about two weeks' time. "We're going to head back to Washington, D.C., and we're going to talk to the president about whether that's something that he wants to do," said Trade Representative Jamieson Greer after the talks concluded in Stockholm, Sweden. "The president can make a final call," he added. Treasury Secretary Scott Bessent added Tuesday that it was "a very fulsome two days" of talks and that another 90-day pause remains on the table with the overall tone of talks being "very constructive." Trump himself was asked later in the afternoon about the chances of approval, telling reporters on Air Force One he had just spoken to Bessent and that he would decide after a briefing but that Bessent felt good about Tuesday's meeting. Read more here. US goods trade deficit hits nearly 2-year low as imports tumble The US trade deficit in goods narrowed in June to its lowest in nearly two years as imports dropped sharply. Reuters reports: Read more here. The US trade deficit in goods narrowed in June to its lowest in nearly two years as imports dropped sharply. Reuters reports: Read more here. IMF edges 2025 growth forecast slightly higher, warns tariff risks still dog outlook Reuters reports: Read more here. Reuters reports: Read more here. India braces for higher US tariffs, eyes broader trade deal: Sources India is bracing itself for higher US tariffs, which will likely be between 20-25% on some exports, according to people familiar with the matter. This will be a temporary measure as it holds off on a fresh trade concession ahead of President Trump's August 1 deadline. Reuters reports: Read more here. India is bracing itself for higher US tariffs, which will likely be between 20-25% on some exports, according to people familiar with the matter. This will be a temporary measure as it holds off on a fresh trade concession ahead of President Trump's August 1 deadline. Reuters reports: Read more here. Why markets are shrugging off lack of details in Trump trade deals The simplest reason, as explained by Siebert Financial CIO Mark Malek, is that overall progress in various trade talks suggests that worst case scenarios are being avoided "so I think for the most part we're happy." More from Yahoo Finance's Ben Werschkul: Read more here. The simplest reason, as explained by Siebert Financial CIO Mark Malek, is that overall progress in various trade talks suggests that worst case scenarios are being avoided "so I think for the most part we're happy." More from Yahoo Finance's Ben Werschkul: Read more here. Tariffs bleed into profits A few tariff mentions on earnings releases this morning that have caught my attention: A few tariff mentions on earnings releases this morning that have caught my attention: P&G beats on earnings, warns of $1 billion tariff hit The consumer goods giant, Proctor and Gamble (PG) said on Tuesday that it will see a $1 billion hit to profits in its new fiscal year as a result of tariffs. Yahoo Finance's executive editor Brian Sozzi looks into the latest earnings report from makers of Tide and Pampers. Read more here. The consumer goods giant, Proctor and Gamble (PG) said on Tuesday that it will see a $1 billion hit to profits in its new fiscal year as a result of tariffs. Yahoo Finance's executive editor Brian Sozzi looks into the latest earnings report from makers of Tide and Pampers. Read more here. EU, US rush to clinch final details and lock in trade deal The EU and the US are rushing to finish a trade deal before the August 1 deadline. They want to agree on a joint statement that will allow the US to start cutting tariffs on some goods, like cars and car parts. After that, they will work on a final, legally binding deal. This will need approval from EU countries and maybe the European Parliament. The exact details are still being worked out. Some European leaders worry the deal might hurt their economies. But both sides are focused on finishing the deal soon to avoid more trade problems. Bloomberg News reports: Read more here. The EU and the US are rushing to finish a trade deal before the August 1 deadline. They want to agree on a joint statement that will allow the US to start cutting tariffs on some goods, like cars and car parts. After that, they will work on a final, legally binding deal. This will need approval from EU countries and maybe the European Parliament. The exact details are still being worked out. Some European leaders worry the deal might hurt their economies. But both sides are focused on finishing the deal soon to avoid more trade problems. Bloomberg News reports: Read more here. Trump official: More talks needed to clinch India deal The US Trade Representative Jamieson Greer said "more negotiations" are needed between the US and India in order to secure a trade deal, Greer's statement was made just days before the Aug. 1 deadline for higher tariffs. Bloomberg News reports: Read more here. The US Trade Representative Jamieson Greer said "more negotiations" are needed between the US and India in order to secure a trade deal, Greer's statement was made just days before the Aug. 1 deadline for higher tariffs. Bloomberg News reports: Read more here. Rating firms say US tariffs alone will not trigger EU sovereign downgrades Reuters reports: Read more here. Reuters reports: Read more here. US trade deal eases tariff uncertainties, but risks remain: Japan Japan said on Tuesday that its trade deal with the US has removed uncertainties on but attention must be given to the risks these policies are putting on the Japanese economy. Reuters reports: Read more here. Japan said on Tuesday that its trade deal with the US has removed uncertainties on but attention must be given to the risks these policies are putting on the Japanese economy. Reuters reports: Read more here. Philips soars after lifting margin outlook on softer tariff hit Royal Philips NV (PHG) stock rose 9% before the bell on Tuesday after it increased its profitability outlook as the impact of the trade war was not as severe as it feared. Bloomberg News reports: Read more here. Royal Philips NV (PHG) stock rose 9% before the bell on Tuesday after it increased its profitability outlook as the impact of the trade war was not as severe as it feared. Bloomberg News reports: Read more here. Stellantis warns of $1.7B US tariff impact in 2025 Stellantis (STLA) shared updated first-half results after giving early numbers last week. The company said that President Trump's tariffs will cost it $1.73 billion in 2025. Yahoo Finance's senior reporter Pras Subramanian looks into the automakers earnings further and its anticipated tariff hit: Read more here. Stellantis (STLA) shared updated first-half results after giving early numbers last week. The company said that President Trump's tariffs will cost it $1.73 billion in 2025. Yahoo Finance's senior reporter Pras Subramanian looks into the automakers earnings further and its anticipated tariff hit: Read more here. Germany's Merz says he did not expect better EU-US trade deal, German economy will suffer Germany's Chancellor released a statement saying he's not "satisfied" with the new EU-US trade deal and expressed concerns about how it'll affect his country's economy. Reuters reports: Read more here. Germany's Chancellor released a statement saying he's not "satisfied" with the new EU-US trade deal and expressed concerns about how it'll affect his country's economy. Reuters reports: Read more here.

National University of Singapore's Energy Studies Institute and FutureScaleX Release New Policy Brief on U.S. Climate Policy Reversal and Asia's Growing CCS Opportunity
National University of Singapore's Energy Studies Institute and FutureScaleX Release New Policy Brief on U.S. Climate Policy Reversal and Asia's Growing CCS Opportunity

Business Wire

time14 minutes ago

  • Business Wire

National University of Singapore's Energy Studies Institute and FutureScaleX Release New Policy Brief on U.S. Climate Policy Reversal and Asia's Growing CCS Opportunity

SINGAPORE & BOSTON--(BUSINESS WIRE)--The Energy Studies Institute (ESI) at the National University of Singapore (NUS), in collaboration with FutureScaleX, has released a new policy brief examining how shifts under the second Trump administration are disrupting carbon capture and storage (CCS) momentum in the United States—and what this means for Asia's growing role in global decarbonization. If U.S. policy incentives roll back, only the highest-purity emitters can achieve viable payback while Asia's stable regulations and maturing innovation ecosystem create a more attractive environment for CCS investment. Share Titled 'What the Trump Presidency Means for CCS: Policy Shifts and Opportunities for Asia,' the brief provides new analysis of stalled U.S. project pipelines, modeling on the economic impact of new import tariffs, and a growing innovation gap that now favors East Asia. 'This policy brief sheds light on how consistent long-term policy frameworks and regional collaboration can enhance Asia's position in global carbon management,' said Dr. Sita Rahmani, Research Fellow at NUS ESI. 'The commitment to low-carbon industry development in Asia should remain unwavering, despite policy changes in other regions.' Key insights include: Policy Withdrawal: Executive Order 14154 and proposed repeal of the 45Q tax credit have placed over 75 U.S. CCS projects under review or delay. Executive Order 14154 and proposed repeal of the 45Q tax credit have placed over 75 U.S. CCS projects under review or delay. Tariff Impact: Modeling shows a significant cost increase for CCS projects in the U.S. due to rising input tariffs—particularly for steel and cement-based infrastructure. Modeling shows a significant cost increase for CCS projects in the U.S. due to rising input tariffs—particularly for steel and cement-based infrastructure. Innovation Shift: Asia now accounts for 74% of global CCS patents as of 2024, with China, Korea, and Japan accelerating R&D and deployment. Asia now accounts for 74% of global CCS patents as of 2024, with China, Korea, and Japan accelerating R&D and deployment. Strategic Outlook: Asia's consistent policy direction, innovation capacity, and growing cross-border CCS cooperation signal its rising influence on the global stage. 'If U.S. policy incentives are rolled back, Asia won't just fill the void, it will accelerate past,' said Kevin Pang, Senior Vice President at FutureScaleX and co-author of the brief. 'Our modeling shows that without predictable U.S. support, only the highest-purity emitters can achieve viable payback while Asia's stable regulations and maturing innovation ecosystem create a more attractive environment for CCS investment.' The policy brief was co-authored by Dr. Sita Rahmani and Shee Jia Chew of NUS ESI and Kevin Pang and Pardeep Pal of FutureScaleX, with contributions from additional technical analysts. The full brief is available at: About NUS ESI The Energy Studies Institute (ESI) is a multi-disciplinary energy policy research institute within the National University of Singapore (NUS). We conduct research on energy policies maintaining focus on national, regional and global implications. We promote discussion and advance collective understanding on issues related to energy policy development. About FutureScaleX FutureScaleX is a global research and advisory firm specializing in the commercial viability of emerging opportunities amid uncertainties and disruptive innovation. In a world navigating multiple transitions, we help organizations make informed investment and innovation decisions that drive sustainable, scalable growth.

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