New drilling techniques for oil and natural gas are propelling an energy production renaissance in the United States. As the US economy struggles to emerge from the Great Recession, many see the boom as a possible source of economic salvation that could reduce unemployment and revitalize American manufacturing. Until now, however, there has been little objective analysis of the energy boom’s economic consequences. In this major study, Trevor Houser and Shashank Mohan fill that gap. Houser and Mohan assess the impact of the recent and projected increase in domestic energy production on US GDP, employment growth, manufacturing competitiveness, household expenditures, and international trade balance. Alongside its economic impact, they also explore the consequences for the environment and global warming, providing guidance for policymakers to navigate these issues.
Moving beyond most conventional thinking about energy security in Europe which revolves around stability of supplies and the reliability of suppliers, this book presents the history of European policy-making regarding energy resources, including recent controversies about shale gas and fracking. Using the United States as a benchmark, the author tests the hypothesis that EU energy security is at risk primarily because of a lack of market integration and cooperation between member states. This lack of integration still prohibits natural gas to flow freely throughout the continent, which makes parts of Europe vulnerable in case of supply disruptions. The book demonstrates that the EU gas market has been developing at different speeds, leaving the Northwest of the continent reasonably well integrated, with sufficient trade and liquidity and different supplies, whereas other parts are less developed. In these parts of Europe there is a structural lack of investments in infrastructure, interconnectors, reverse flow options and storage facilities. Thus, even though substantial progress has been made in parts of the EU, single source dependency often prevails, leaving the relevant member states vulnerable to market power abuse. Detailed comparisons are made of the situations in the Netherlands and Poland, and of energy policy in the USA. The book dismantles some of the existing assumptions about the concept of energy security, and touches upon the level of rhetoric that features in most energy security and policy debates in Europe.
This book explores in detail the challenges which the European gas markets currently face, and the opportunities they present. Bringing together some of the most prominent gas experts on Europe from both academia and industry, this edited volume provides a comprehensive analysis of the various economic, political and technological factors that interact in this sector. Featuring a Foreword by Maroš Šefčovič, Vice-President of the European Commission in charge of the Energy Union, contributions explore a wide range of issues, such as the role of gas in decarbonizing Europe, the outlook of Europe’s gas demand, supply and pricing, and global LNG dynamics. Country specific studies include Russia, Norway, the Netherlands, and Germany, with regional studies including North Africa and the Eastern Mediterranean. Alongside detailed analysis of this complex sector it also puts forward a set of policy recommendations for the sector’s key stakeholders. This volume will be of interest to researchers and academics, as well as practitioners and professionals within European gas markets.
Energy, and access to energy, are essential to human life, civilisation and development. A number of energy issues - including energy security, energy prices and the polluting emissions for energy use - now have high prominence on global agendas of policy and diplomacy. In addressing these and other global energy issues, the purpose of this book is to lay out the broad global energy landscape, exploring how these issues might develop in coming decades, and the implications of such developments for energy policy. There are great uncertainties, which will be identified, in respect of some of these issues, but many of the defining characteristics of the landscape are clear, and the energy policies of all countries will need to be broadly consistent with these if they are to be feasible and achieve their objectives. The book therefore provides information about and analysis of energy and related resources, and the technologies that have been and are being developed to exploit them that is essential to understanding how the global energy system is developing, and how it might develop in the future. But its main focus is the critical economic, social, political and cultural issues that will determine how energy systems will develop and which technologies are deployed, why, by whom, and who will benefit from them. The book has three Parts. Part I sets out the current global context for energy system developments, outlining the essential trends of global energy supply and demand, and atmospheric emissions, from the past and going forward, and their driving forces. Part II explores the options and choices, covering both energy demand and energy supply, facing national and international policymakers as they confront the challenges of the global context outlined in Part I. Part III of the book brings together the discussion in Parts I and II with consideration of possible global energy and environmental futures, and of the energy policy choices which will determine which future actually comes to pass.
The Russian coal sector today faces challenges in the form of global decarbonization, sanctions, and difficulties in retaining market access and competitiveness. This new market environment warrants an examination of what lessons can be drawn from the past tribulations of one of Russia’s most iconic and strategically important industries. This book analyzes the Russian coal industry developments in historical and political contexts, including those of energy transition. The key tenets of contemporary dialogue between Russia and those who advocate for a speedy energy transition to phase out coal are presented. The book addresses the question of the coal industry as a sacrifice for the sake of Russia’s rapprochement with the West. The contribution of this book, therefore, is filling the gap between two large research inquiries – climate change mitigation and energy transition on the one hand, and the existing large coal industry of a given country on the other.
The last decade has seen a revolution in global energy. First, we saw explosive growth in demand from Asia's rising powers, which fueled fears about scarcity and conflict. But we've also seen an American revolution in technology and markets, resulting in a dramatic increase in sup-ply. This is strengthening America's hand in the world—but it's not without complications. There are major security consequences of these shifts. Among the most consequential are China and India, Asia's emerging giants, which are increasingly exposed to political risks associated with energy risks, as well as the energy flows, pivoting to Asia. Meanwhile the great powers struggle to balance their need for fossil fuels with a mounting effort to tackle climate change. The top powers, and the United States above all, face a stra-tegic choice: whether to use energy as a weapon of geopolitics, or as a tool of a stable order. CONTENTS Introduction 1. The President and the King—Key Messages of the Book 2. The Energy Revolutions—A Primer Geopolitics in Flux—The Players 3. Choices—Scenarios, and the Choice the Powers Confront 4. Rough Seas Ahead—The Great Powers' Search for Energy Security Globalization and Complexity—The Problems 5. Transition in the Gulf 6. The Turbulent Middle 7. Fragile States 8. The Russian Problem 9. Connections—from Pipelines to Politics Governance—The Partners 10. An Emerging System of Global Energy Governance 11. Leadership Choices
This book is open access under a CC BY 4.0 license. This book examines how China can increase the share of natural gas in its energy system. China’s energy strategy has global ramifications and impact, and central to this strategy is the country’s transition from coal to gas. The book presents the culmination of a two-year collaboration between the Development Research Center of the State Council (DRC) and Shell. With the Chinese government’s strategic aim to increase the share of gas in the energy mix from 5.8% in 2014 to 10% and 15% in 2020 and 2030 respectively, the book outlines how China can achieve its gas targets. Providing both quantifiable metrics and policy measures for the transition, it is a much needed addition to the literature on Chinese energy policy. The research and the resulting recommendations of this study have fed directly into the Chinese government’s 13th Five-Year Plan, and provide unique insights into the Chinese government and policy-making. Due to its global impact, the book is a valuable resource for policy makers in both China and the rest of the world.
OECD Factbook 2014 is a comprehensive and dynamic statistical annual publication. It includes more than 100 indicators covering a wide range of topics.
The EU, Turkey, and their common neighborhood are changing rapidly and deeply, exposing the European-Turkish relationship to new challenges and opportunities in diverse policy areas such as energy, migration, citizenship and civil society. This collective volume explores how the EU and Turkey can enhance their cooperation in these policy domains and so aims to contribute to a comprehensive discussion on shaping a common Turkish-European future in the world.
