Renewable energy here to stay – and grow

Renewable energy here to stay – and grow

The twin economic shocks triggered by low oil prices and COVID-19 containment measures will have a disruptive impact on renewable energy in 2020 and 2021. Further down the line, however, it will galvanise sector growth, as investors increasingly seek to diversify away from risky portfolios. Prospects will improve further if governments maintain their commitments to sustainable energy and improve their investment climates.  

Central Europe’s low-cost carriers take off

Central Europe’s low-cost carriers take off

By launching a subsidiary in Abu Dhabi, Hungary’s Wizz Air has made a statement of intent. Until recently, it was the Gulf airlines looking to invest in Central and Eastern Europe (CEE), rather than vice-versa. But Wizz Air has been able to leverage its success on the growing CEE market to look globally. Within CEE, the rise of low-cost carriers like Wizz Air is helping spur consolidation, with more successful flag carriers seeking inorganic growth and economies of scale.

Now everyone has the big boy’s toys:  The democratization of air power

Now everyone has the big boy’s toys:  The democratization of air power

Technological advances and increased globalization are calling into question long-held assumptions about the use of air power. Non-state actors capable of leveraging new technology – such as cheap precision guided missiles and drones – present a new challenge for air forces of advanced industrial states. Traditional powers must understand these emerging capabilities and the momentary advantages they create if they are to take steps to nullify them.