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32. Armed Clash in the South China Sea
- Author:
- Bonnie S. Glaser
- Publication Date:
- 04-2012
- Content Type:
- Policy Brief
- Institution:
- Council on Foreign Relations
- Abstract:
- The risk of conflict in the South China Sea is significant. China, Taiwan, Vietnam, Malaysia, Brunei, and the Philippines have competing territorial and jurisdictional claims, particularly over rights to exploit the region's possibly extensive reserves of oil and gas. Freedom of navigation in the region is also a contentious issue, especially between the United States and China over the right of U.S. military vessels to operate in China's two-hundred-mile exclusive economic zone (EEZ). These tensions are shaping—and being shaped by—rising apprehensions about the growth of China's military power and its regional intentions. China has embarked on a substantial modernization of its maritime paramilitary forces as well as naval capabilities to enforce its sovereignty and jurisdiction claims by force if necessary. At the same time, it is developing capabilities that would put U.S. forces in the region at risk in a conflict, thus potentially denying access to the U.S. Navy in the western Pacific.
- Topic:
- Conflict Prevention, Security, Arms Control and Proliferation, Oil, Natural Resources, and Territorial Disputes
- Political Geography:
- United States, China, Malaysia, Israel, Taiwan, Vietnam, Southeast Asia, and Brunei
33. China and India: More Cooperation than competition in Energy and Climate Change
- Author:
- Tofiq Siddiqi
- Publication Date:
- 05-2011
- Content Type:
- Journal Article
- Journal:
- Journal of International Affairs
- Institution:
- School of International and Public Affairs, Columbia University
- Abstract:
- Energy and climate change are two important areas in which there is much more cooperation than competition between China and India. After a few years of trying to outbid each other for oil and gas exploration and production licenses, both have found it more productive to bid jointly for many such contracts. Even though neither China nor India has agreed to limits on their emissions of greenhouse gases, both are committed to reducing the carbon intensity of their development, by 40 to 45 percent from 2005 levels by 2020 for China, and 20 to 25 percent over the same time period for India. To achieve these goals, the two countries have launched major programs to install power plants using renewable energy sources and nuclear energy, and to increase the efficiency of energy use. It is unlikely that either China or India will agree to absolute reductions in greenhouse gas emissions from their present levels soon, but they may be willing to cap them at future levels that still permit their future per capita income to become comparable to that of countries in Western Europe. At the recently concluded United Nations Climate Change Conference in Cancun, China was strongly supportive of a continuation of the Kyoto Protocol for a second commitment period, but India indicated that it may be willing to explore other approaches suggested by the United States, the EU and small island nations. Though their paths to addressing climate change may begin to differ, it is highly likely that China and India will continue to share the same strategic goal of achieving parity with the West in terms of standard of living of their populations, even if it means higher emissions for another decade or two.
- Topic:
- Climate Change and Oil
- Political Geography:
- China, India, and Western Europe
34. Going Global: Chinese Oil and Mining Companies and the Governance of Resource Wealth
- Author:
- Jill Shankleman
- Publication Date:
- 11-2011
- Content Type:
- Working Paper
- Institution:
- The Wilson Center
- Abstract:
- This report is the result of a six-month research project undertaken at the Woodrow Wilson International Center for Scholars in Washington, D.C. The focus of the work is on the impact of China's oil and mining companies' recent overseas expansion on the governance of resource wealth. The paper covers four topics: The structure of the Chinese oil and mining industries, focusing on overseas operations; the emergence over the last ten years within the large-scale, OECD-based extractive industry, of a “new model” for resource extraction focusing on minimizing negative social and environmental impacts and on resource revenue transparency; the development of corporate social responsibility concepts in China, and the extent to which this is leading Chinese oil and mining companies to apply the “new model” for resource extraction, and the role of Chinese infrastructure loans to resource-rich developing countries in resource wealth governance.
- Topic:
- Economics, Government, Industrial Policy, and Oil
- Political Geography:
- China and Washington
35. China's Energy and Security Relations with Russia: Hopes, Frustrations and Uncertainties
- Author:
- Linda Jakobson, Paul Holtom, Dean Knox, and Jingchao Peng
- Publication Date:
- 10-2011
- Content Type:
- Working Paper
- Institution:
- Stockholm International Peace Research Institute
- Abstract:
- Fifteen years have passed since China and Russia formed a 'strategic cooperative partnership' in 1996, and 2011 marks the 10th anniversary of their 2001 Treaty of Good-Neighbourliness and Friendly Cooperation. Considering the significant changes that have taken place in China and Russia over this period, it is well worth assessing the meaning of the China–Russia 'strategic partnership' and their declared 'good-neighbourly' relations.
- Topic:
- Arms Control and Proliferation, Energy Policy, Oil, and Bilateral Relations
- Political Geography:
- Russia and China
36. An Evaluation of Overseas Oil Investment Projects Under Uncertainty Using a Real Options Based Simulation Model
- Author:
- ZhongXiang Zhang, Lei Zhu, and Ying Fan
- Publication Date:
- 11-2011
- Content Type:
- Working Paper
- Institution:
- East-West Center
- Abstract:
- This paper applies real options theory to establish an overseas oil investment evaluation model that is based on Monte Carlo simulation and is solved by the Least Squares Monte-Carlo method. To better reflect the reality of overseas oil investment, the model has incorporated not only the uncertainties of oil price and investment cost but also the uncertainties of exchange rate and investment environment. These unique features have enabled the model to be best equipped to evaluate the value of oil overseas investment projects of three oil field sizes (large, medium, small) and under different resource tax systems (royalty tax and production sharing contracts). In the empirical setting, China was selected as an investor country and Indonesia as an investee country as a case study. The results show that the investment risks and project values of small sized oil fields are more sensitive to changes in the uncertainty factors than the large and medium sized oil fields. Furthermore, among the uncertainty factors considered in the model, the investment risk of overseas oil investment may be underestimated if no consideration is given of the impacts of exchange rate and investment environment. Finally, as there is an important tradeoff between oil resource investee country and overseas oil investor, in medium and small sized oil investment negotiation the oil company should try to increase the cost oil limit in production sharing contract and avoid the term of a windfall profits tax to reduce the investment risk of overseas oil fields.
- Topic:
- Development, Economics, Energy Policy, International Trade and Finance, and Oil
- Political Geography:
- China, Indonesia, and Israel
37. La seguridad energética en la política exterior de
- Author:
- María Florencia Rubiolo
- Publication Date:
- 02-2010
- Content Type:
- Working Paper
- Institution:
- CONfines de Relaciones Internacionales y Ciencia Política
- Abstract:
- The growing pace of the People's Republic of China,which between the years 1999 and 2008 kept an averageannual rate over 9%, has caused an increasing need ofnatural resources. Since 1993, when the country turnsinto a distinct oil importer, Beijing's worries regardingenergetic dependence and supply instability deepened.In tune with the domestic energy context, Beijing startsto redefine its foreign policy strategies based on a newconcept of energy security. The aim of this article is toanalyze how this concept influences the contemporaryChinese foreign policy.
- Topic:
- Foreign Policy, Energy Policy, Oil, and Natural Resources
- Political Geography:
- China and Beijing
38. China-Russia Relations
- Author:
- Yu Bin
- Publication Date:
- 03-2010
- Content Type:
- Journal Article
- Journal:
- Comparative Connections
- Institution:
- Center for Strategic and International Studies
- Abstract:
- For most of the first quarter, “uneventful” was the best description for bilateral relations between Russia and China. This is especially true when contrasted with the high-profile events in 2009 when bilateral trade declined 31 percent from $56.8 billion to $38.8 billion, Russia sank a Chinese cargo ship in February, the energy “deal of the century” was concluded in April, Moscow's Cherkizov Market was abruptly closed in June, the 60th anniversary of diplomatic relations was celebrated in October, and the China-Central Asian gas line and Russia's Eastern Siberia-Pacific Ocean oil pipeline were opened in December. Only in late March, with the five-day visit by Chinese Vice President Xi Jinping to Russia, was there a return from mutual “hibernation” and an “obsession” with the Obama administration's policies, though for different reasons. Prime Minister Vladimir Putin's invitation was also seen as a “back-to-the-future” effort to size up Xi, who is poised to assume the leadership spot in China by 2012. For Putin, 2012 is also the time to retake the Russian presidency, if he desires to do so.
- Topic:
- Oil and Bilateral Relations
- Political Geography:
- Russia, China, Central Asia, and Moscow
39. The Taiwan Dilemma: China, Japan, and the Strait Dynamic
- Author:
- Jason J. Blazevic
- Publication Date:
- 09-2010
- Content Type:
- Journal Article
- Institution:
- German Institute of Global and Area Studies
- Abstract:
- Many Chinese and Japanese authorities believe Taiwan is essential to their respective states' national security due to the island's geographic centrality and beneficial proximity to nearby and distant sea lanes. Of further importance is Taiwan's immediacy to territorial and resource disputes between China and Japan. This article focuses on the security concerns and strategies of both states and applies realism, its tenets of defensive and offensive realism, and neoliberalism in order to better comprehend those concerns and strategies and also provide probable solutions.
- Topic:
- Oil
- Political Geography:
- Japan, China, and Taiwan
40. Energy Innovation Policy in Major Emerging Countries
- Author:
- Ruud Kempener
- Publication Date:
- 12-2010
- Content Type:
- Policy Brief
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- Over the past decade, the six BRIMCS countries— Brazil, Russia, India, Mexico, China, and South Africa—have become important global players in political and economic domains. In 2007, they were collectively responsible for a third of the world's energy consumption, driven by China's growing energy use. Despite their increasing significance in the world's energy sector, very little systematic analysis of their energy investments, innovation institutions, and energy innovation policies has taken place. The International Energy Agency (IEA) is one of the few agencies that have been collecting data on ERD investments, but none of the BRIMCS countries are members.
- Topic:
- Emerging Markets, Energy Policy, Oil, and Natural Resources
- Political Geography:
- Russia, China, India, South Africa, Brazil, and Mexico