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China is racing ahead in electrification, while the US turns its back on green energy in favour of a new era of fossil fuel machismo. An alignment between the three major petrostates – the US, Saudi Arabia and Russia – no longer looks implausible. The outlines of a new Cold War are becoming visible, one which will be determined by a novel mixture of ideology, critical technologies, supply chains and control of energy flows. How will these geopolitical dynamics play out – and what will it mean for global warming? Adam Tooze is the Kathryn and Shelby Cullom Davis Professor of History and director of the European Institute at Columbia University. A columnist at Foreign Policy and a regular contributor to the LRB, he also writes Chartbook, a newsletter on economics, geopolitics and history. His books include ‘Crashed: How a Decade of Financial Crises Changed the World’ and ‘Shutdown: How Covid Shook the World’s Economy’. Adam Tooze's LRB Autumn Lecture was delivered at the New School, NYC on 27 October 2025 From the LRB Subscribe to the LRB: [https://lrb.me/pod]https://lrb.me/subslrbpod [https://lrb.me/subslrbpod] Close Readings podcast: https://lrb.me/crlrbpod [https://lrb.me/crlrbpod] LRB Audiobooks: https://lrb.me/audiobookslrbpod [https://lrb.me/audiobookslrbpod] Bags, binders and more at the LRB Store: https://lrb.me/storelrbpod [https://lrb.me/storelrbpod] Get in touch: podcasts@lrb.co.uk Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]
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