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661. The Coming Oil Supply Crunch

Author:
Paul Stevens
Publication Date:
08-2008
Content Type:
Working Paper
Institution:
Chatham House
Abstract:
This report argues that unless there is a collapse in oil demand within the next five to ten years, there will be serious oil 'supply crunch'–not because of below-ground resource constraints but because of inadequate investment by international oil companies (IOCs) and national oil companies (NOCs). An oil supply crunch is where excess crude producing capacity falls to low levels and is followed by a crude 'outage' leading to a price spike. If this happens then the resulting price spike will carry serious policy implications with long-lasting effects on the global energy picture.
Topic:
Security, Economics, Energy Policy, Markets, and International Security

662. Clean Coal: U.S.-China Cooperation in Energy Security

Author:
David Wendt
Publication Date:
05-2008
Content Type:
Policy Brief
Institution:
EastWest Institute
Abstract:
As major consumers of the world's energy resources, the United States and China are in dire need of secure energy solutions that can keep pace with their large appetites for energy. Enter coal. Both countries possess abundant coal reserves measured in the hundreds of billions of tons. But the approach to coal policy has been one of favoring cheap extraction rather than taking into serious consideration the societal costs of coal. For the United States, coal represents a major source of electrical power—and a major source of pollution. In China, the accessibility of coal has overtaken the environmental and health arguments against its widespread use. China uses more coal than the United States and European Union combined. The damaging side effects of coal mining and consumption have been overlooked in the face of easy availability and undeveloped or less accessible alternatives. In the current context of global energy uncertainty, coal has been forgiven much.
Topic:
Climate Change, Energy Policy, Environment, Treaties and Agreements, and International Affairs
Political Geography:
United States and China

663. Energy Interests and Alliances: China, America and Africa

Author:
Danila Bochkarev, Angelica Austin, and Willem van der Geest
Publication Date:
08-2008
Content Type:
Policy Brief
Institution:
EastWest Institute
Abstract:
In the strategic policy communities of both the United States and China, there has been a knee-jerk blurring between competition in commerce between U.S. and Chinese energy firms and the potential for strategic competition by one country to deny resources to the other. A senior State Department official has described this sort of reaction as “exaggerated”. But the suspicion is there and it is ill-founded. It serves the interests of neither country. On the contrary, as this EWI Policy Paper suggests, energy security can become a rallying point in an otherwise difficult relationship. The two countries are now intensifying their interest and activities not just in each other's domestic energy sector but also in each other's role in a system of global energy security.
Topic:
Emerging Markets, Energy Policy, Political Economy, and Treaties and Agreements
Political Geography:
Africa, United States, and China

664. Energy Research: Grasping Transatlantic Opportunities

Author:
Phyllis Yoshida
Publication Date:
09-2008
Content Type:
Journal Article
Journal:
European Affairs
Institution:
The European Institute
Abstract:
The U.S. and EU are tackling many of the same challenges in energy technology, ranging from renewables to nuclear. Strong emphasis is needed on coal and the potential of carbon capture and sequestration systems to enable countries to use this abundant resource cleanly.
Topic:
Energy Policy and Environment
Political Geography:
United States

665. Non-Nuclear Energy Cooperation Needs a New Push

Author:
Raffaele Liberali
Publication Date:
09-2008
Content Type:
Journal Article
Journal:
European Affairs
Institution:
The European Institute
Abstract:
The current priority for the European Union is to link up efficiently the various stages and platforms of its ambitious, multi-faceted blueprint for using research and investment to transform the energy economy in the coming decade. It is time to move ahead energetically with concrete actions.
Topic:
Energy Policy and Environment

666. Oil in Asia and the Pacific: Production, Consumption, Imports, and Policy Options

Author:
Kang Wu, Fereidun Fesharaki, Sidney B. Westley, and Widhyawan Prawiraatmadja
Publication Date:
08-2008
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
Concerns about energy security affect economic performance and political stability all over the world, but nowhere are these issues more critical than in Asia and the Pacific. Oil is at the heart of the region's energy challenge. Oil consumption is increasing nearly twice as fast in the region as in the world as a whole, while options for increasing production are severely limited. The result is a steadily growing dependence on imported oil, largely from the volatile Middle East. Apart from efforts to increase domestic production and slow consumption growth, recommendations for policymakers include initiating joint ventures with oil producers, improving the efficiency of domestic markets, building up strategic stocks, strengthening regional cooperation, reducing transportation bottlenecks, and establishing a regional market for oil futures. In the long run, policymakers need to devise new strategies for economic growth based on more efficient use of oil and natural gas, continuing dependence on coal, and ultimately, the development of alternative sources of energy.
Topic:
Security, Energy Policy, and Oil
Political Geography:
Asia

667. Expecting the Unexpected: Macroeconomic Volatility and Climate Policy

Author:
Warwick J. McKibbin, Adele Morris, and Peter J. Wilcoxen
Publication Date:
11-2008
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
To estimate the emissions reductions and costs of a climate policy, analysts usually compare a policy scenario with a baseline scenario of future economic conditions without the policy. Both scenarios require assumptions about the future course of numerous factors such as population growth, technical change, and non-climate policies like taxes. The results are only reliable to the extent that the future turns out to be reasonably close to the assumptions that went into the model.
Topic:
Climate Change, Development, Economics, and Energy Policy

668. What do we know about the economics of adaptation?

Author:
Asbjørn Aaheim and Marianne Aasen
Publication Date:
02-2008
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
An attempt to summarise the state of knowledge about social and economic challenges related to climate change, for example based on the latest IPCC reports, would probably give the impression that impacts, adaptation and vulnerability are a question of interactions between people and institutions within small local communities (IPCC, 2007a), whereas mitigation can be addressed by political analyses and economics (IPCC, 2007b). In most economic studies, the motivation behind mitigation is presented as that of limiting greenhouse gas emissions to a given target
Topic:
Climate Change, Economics, and Energy Policy
Political Geography:
Europe

669. Adaptation and Mainstreaming of EU Climate Change Policy: An Actor-Based Perspective

Author:
Darryn McEvoy, Kate Lonsdale, and Piotr Matczak
Publication Date:
02-2008
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
Adaptation to climate change (in comparison to the mitigation agenda) is a relatively new focus for both research and policy communities. Drawing from ongoing 'actor-based' research being carried out for the ADAM project, this briefing paper reports on the knowledge base being developed through a process of engagement with experts and key stakeholders across a variety of countries, landscape types, sectors, institutions and actors. The concluding discussion then focuses on some of the implications of these early findings for both EU policy and decision-making more generally.
Topic:
Climate Change, Energy Policy, and Environment
Political Geography:
Europe

670. The Future of European Electricity: Choices before 2020

Author:
Arno Behrens, Henry Neufeldt, Gunnar Eskeland, Eberhard Jochem, Thure Traber, and Nathan Rive
Publication Date:
07-2008
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The electricity sector plays a central role in the European Union's efforts to achieve greenhouse gas (GHG) reductions of at least 20% by 2020 compared to 1990 levels. While the electricity sector is currently responsible for about one-third of Europe's total energy-related GHG emissions, there are large potentials for reducing emissions. Mitigation strategies will need to focus on more efficient electricity use, but also on improved conversion rates and new technologies such as renewables and carbon capture and storage (CCS). Apart from mitigation of climate change, the sector will also have to adapt to climate change. Global warming will have a significant impact on the ability to generate electricity and to deliver it without interruption. This ADAM-CEPS Policy Brief focuses on four issues relevant to the nexus between climate change and the electricity sector.
Topic:
Energy Policy and Markets
Political Geography:
Europe