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61. Global Oil Supplies: The Impact of Resource Nationalism and Political Instability

Author:
Giacomo Luciani
Publication Date:
05-2011
Content Type:
Working Paper
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
This paper looks at resource nationalism and political instability as potential causes of disruption to global oil supplies. It points to depletion preferences and strategies as one form of resource nationalism. In most cases, resource nationalism appears to be motivated by rent maximisation. Hence, we see the adoption of more restrictive policies when prices rise. Conversely, when oil prices are low, increasing export volumes becomes more important. Restrictions on exports are common, especially for natural gas, which is sometimes reserved for national consumption. Export taxes are a tool used by some countries to extract revenue from oil producers. Domestic prices of gas and petroleum products are frequently much lower than international prices, also in some sense reducing availability for export. Political instability has a much more elusive impact on oil and gas exports, and historical experience points to contradictory potential outcomes. This paper concludes that political instability and resource nationalism are rarely associated with acute supply crises or shortfalls. Their effect is rather gradual and normally compensated by action in other parts of the system.
Topic:
Energy Policy, Nationalism, Oil, Politics, and Natural Resources
Political Geography:
United States

62. America's Energy Security Options

Author:
Trevor Houser
Publication Date:
06-2011
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics (PIIE)
Abstract:
Like clock-work, as US gasoline prices approached $4 a gallon in spring 2011, energy security moved to the forefront of the American political debate. Global oil prices have recovered from their collapse during the financial crisis more quickly than expected due to resilient developing-country demand and political instability throughout the Middle East and North Africa. As with past oil price spikes, politicians have been quick to offer silver bullet solutions to lower gas prices and make America more energy secure. But given the complexity of the US energy system and global energy markets, it is difficult for even informed observers to evaluate how far current proposals go in solving the country's energy security challenge.
Topic:
Energy Policy, Oil, Natural Resources, and Biofuels
Political Geography:
United States, America, Middle East, and North Africa

63. US Climate Change Policy Efforts

Author:
Dallas Burtraw
Publication Date:
09-2011
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
Until recently, most of the attention in US climate policy was focused on legislative efforts to introduce a price on carbon through cap and trade. Since that policy has stalled, at least at the national level, the Clean Air Act has assumed the central role in the development of regulations that will reduce greenhouse gas (GHG) emissions in the US. The modern Clean Air Act (CAA) was passed in 1970 and conveys broad authority to the Environmental Protection Agency (EPA) to develop regulations to mitigate harm from air pollution. In 2007 the Supreme Court confirmed that this authority applied to the regulation of GHGs ( Massachusetts v. EPA). Subsequently, the agency made a formal, science-based determination that GHGs were dangerous to human health and the environment, which compels the agency to mitigate the harm and forms the basis for the agency's regulation of GHG emissions.
Topic:
Climate Change, Energy Policy, and Environment
Political Geography:
United States

64. Proposed Liability Framework for Geological Sequestration of Carbon Dioxide

Author:
Wendy B. Jacobs
Publication Date:
10-2011
Content Type:
Working Paper
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
Harvard Law School's Emmett Environmental Law and Policy Clinic* supports immediate large-scale carbon capture and sequestration ("CCS") demonstration projects as part of a larger national and global effort to address climate change. Large-scale CCS projects (those that sequester at least 1.5 million tons of captured carbon dioxide ("CO2") annually) must be demonstrated soon to confirm CCS as a viable strategy to combat climate change and to show the commitment of the United States to achieving meaningful reductions in domestic CO2 emissions.
Topic:
Climate Change, Energy Policy, Environment, and Treaties and Agreements
Political Geography:
United States

65. Delivering on US Climate Finance Commitments

Author:
Trevor Houser and Jason Selfe
Publication Date:
11-2011
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics (PIIE)
Abstract:
At the United Nations climate change conference in Copenhagen in 2009 and Cancun in 2010, the United States joined other developed countries in pledging to mobilize $100 billion in public and private sector funding to help developing countries reduce greenhouse gas emissions and adapt to a warmer world. With a challenging US fiscal outlook and the failure of cap-and-trade legislation in the US Congress, America's ability to meet this pledge is increasingly in doubt. This paper identifies, quantifies, and assesses the politics of a range of potential US sources of climate finance. It finds that raising new public funds for climate finance will be extremely challenging in the current fiscal environment and that many of the politically attractive alternatives are not realistically available absent a domestic cap-and-trade program or other regime for pricing carbon. Washington's best hope is to use limited public funds to leverage private sector investment through bilateral credit agencies and multilateral development banks.
Topic:
Climate Change, Development, Economics, Energy Policy, Politics, and Foreign Direct Investment
Political Geography:
United States, America, Washington, and United Nations

66. Transforming U.S. Energy Innovation

Author:
Matthew Bunn, Charles Jones, Venkatesh Narayanamurti, Ruud Kempener, Laura Diaz Anadon, Gabriel Chan, Melissa Chan, Audrey Lee, and Nathaniel Logar
Publication Date:
11-2011
Content Type:
Policy Brief
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
The United States needs a revolution in energy technology innovation to meet the profound economic, environmental, and national security challenges that energy poses in the 21st century. If the U.S. government does not act now to improve the conditions for innovation in energy, even in times of budget stringency, it risks losing leadership in one of the key global industries of the future, and the world risks being unable to safely mitigate climate change and to reduce vulnerability to disruptions and conflicts—both domestic and international. Waiting is not an option.
Topic:
Defense Policy, Climate Change, and Energy Policy
Political Geography:
United States

67. Changing Currents: Turbulence for the Electricity Industry?

Author:
Phil Sharp
Publication Date:
10-2011
Content Type:
Working Paper
Institution:
Aspen Institute
Abstract:
The question is never whether the United States has an energy policy. It has dozens. They come with various decision-makers at overlapping levels of authority, ample numbers of stakeholders, and generally lots of confusing and often contradictory signals.
Topic:
Climate Change, Economics, Energy Policy, and Environment
Political Geography:
United States

68. Global Energy Markets in a Time of Political Change

Author:
Bill White
Publication Date:
10-2011
Content Type:
Working Paper
Institution:
Aspen Institute
Abstract:
A shift in relative energy consumption among regions and the development of new, unconventional supplies will be the most significant changes over the next twenty years. The dominant fuels in the world energy market until 2030 will continue to be hydrocarbons — oil, coal, and natural gas. Major shifts will occur, however, among the three fuels, among regions and in their supply. Globally, oil will continue to be the most widely used fuel as it supplies more than 90 percent of the energy for transportation. Coal, now the dominant fuel used for electric power generation, will lose ground to natural gas, a less carbon-intensive hydrocarbon. Natural gas will become the second largest overall supplier and well positioned to replace coal as the leading supplier for electric power. Developing countries will lead the way in overall energy growth, with Chinese and Indian energy demand growing fastest. Energy demand in developed countries will remain flat. For the United States, growth in gas shale and oil shale are likely to be “game changers,” altering the supply picture dramatically.
Topic:
Climate Change, Energy Policy, Environment, Markets, Political Economy, and Natural Resources
Political Geography:
United States, China, and India

69. Primary Energy and Transportation Fuels and the Energy and Water Nexus: Ten Challenges

Author:
Blythe Lyons
Publication Date:
11-2011
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
A substantive dialogue has emerged in the United States under the rubric of "the energy and water nexus," representing the deepening understanding of the circular relationship between water and energy. Both are essential building blocks of US economic and physical security, and interface with efforts to improve health and prosperity. On a national level, the criticality of this relationship to economic and public prosperity is often ignored, as energy and water impacts are largely specific to a watershed or a local surface water source. The United States today needs new policies and significant infrastructure investment in order to meet the increasing demand for water and energy, while dealing with the constraints of growing water scarcity and potential threats to water quality.
Topic:
Energy Policy, Environment, Oil, Natural Resources, Water, and Biofuels
Political Geography:
United States

70. Less Smoke, More Mirrors: Where India Really Stands on Solar Power and Other Renewables

Author:
David Wheelter and Saurabh Shome
Publication Date:
03-2010
Content Type:
Working Paper
Institution:
Center for Global Development (CGD)
Abstract:
Until recently, India's intransigent negotiating posture has conveyed the impression that it will not accept any carbon emissions limits without full compensation and more stringent carbon limitation from rich countries. However, our assessment of India's proposed renewable energy standard (RES) indicates that this impression is simply wrong. India is seriously considering a goal of 15 percent renewable energy in its power mix by 2020, despite the absence of any meaningful international pressure to cut emissions, no guarantees of compensatory financing, and a continuing American failure to adopt stringent emissions limits. If India moves ahead with this plan, it will promote a massive shift of new power capacity toward renewables within a decade. We estimate the incremental cost of this change from coal-fired to renewable power to be about $50 billion-an enormous sum for a society that must still cope with widespread extreme poverty. If India moves ahead with its current plan, it should give serious pause to those who have resisted U.S. carbon regulation on the grounds on that it will confer a cost advantage on "intransigent" countries such as India.
Topic:
Energy Policy and Environment
Political Geography:
United States, America, and India