Eight cross-cutting topics.
Topics index the firm's work along the questions clients actually ask. Each topic page aggregates the relevant insights, frameworks, practices, industries, and platforms in one view.
AI and energy
Hyperscaler training and inference build-outs are now the binding load on transmission planning, water rights, and PPA pricing in every major market. The work spans GPU TCO decomposition, jurisdiction...
Open topic → The supply-chain backbone of decarbonization and AI.Critical minerals
Lithium, copper, nickel, cobalt, graphite, and rare earths sit upstream of every EV, every battery, every grid build, and every advanced semiconductor. The work covers FEOC compliance under IRA Sectio...
Open topic → The post-2024 trade architecture.Trade and tariffs
Section 301 escalations, Section 232 metals overlays, IEEPA reciprocal regimes, and IRA sourcing rules together produce a tariff stack that no single HS6 line fully captures. The work decomposes pass-...
Open topic → The new debt cycle.Sovereign credit
IMF program math, Common Framework restructurings, and the creditor coordination problem (especially the China bilateral position) define the sovereign credit surface that EM funds, multilaterals, and...
Open topic → The messy economics of decarbonization.Energy transition
Renewables build, gas-peaker reliance, LNG export queues, hydrogen offtake, SAF feedstock, and CCUS subsidies do not resolve into a single trajectory. The work covers grid interconnection backlogs, ca...
Open topic → Commodity volatility meets food security.Food and agriculture
Wheat, rice, cocoa, coffee, edible oils, and fertilizer prices feed directly into current-account stress, social safety-net design, and political stability in import-dependent economies. The work cove...
Open topic → Frontier and EM macro.Emerging markets
EM macro in 2026 is dominated by IMF program design, LDC graduation transitions, FX management under Fed-cycle pressure, and industrial-policy bets that have to clear five-year disbursement tests. The...
Open topic → The new industrial-defense complex.Defense and geopolitics
Ukraine reconstruction, NATO 2 percent floors, AUKUS submarine timelines, and the antitrust and export-control overlay on dual-use technology have rewired the industrial-policy and trade architecture ...
Open topic →