Good morning, and welcome to the summer edition ' longer than the usual Sunday note, because the question underneath it deserves the room. For most of the postwar era, international governance ran on an unspoken bargain: nations gave up a measure of sovereignty in exchange for predictability. Treaties, courts, and multilateral bodies weren't just moral commitments ' they were supposed to be cheaper than the alternative, because breaking them cost you diplomatically and economically. That bargain is unwinding in real time, on every continent, and climate governance ran on exactly the same bargain. This edition exists to answer one question straight: with that bargain gone, does the sustainable transition still happen' Start with what 'the bargain is gone' looks like in practice this year, and it isn't confined to one country or one bloc. The U.S. captured Venezuela's Maduro in January without Security Council authorization; five weeks later the U.S. and Israel struck Iran...
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