India now faces many of the same environmental challenges that China does. But there are striking differences in how the two countries are confronting environmental issues, says Elizabeth Economy, and both countries have much to learn from one another.
The new House budget sets a deadline of October 1 to “cut waste, eliminate redundancies and end the abuse or misuse of taxpayer dollars,” and it specifically targets the Department of Defense (DOD) for spending “part of their budget studying climate change.” Varun Sivaram highlights how the military’s broad portfolio of climate change adaptation efforts should not be considered redundant or wasteful because it bolsters American national security interests.
Michael A. Levi, CFR’s David M. Rubenstein senior fellow for energy and the environment, and director of the Maurice R. Greenberg Center for geoeconomic studies, discusses climate change and the evolving global response.
Prime Minister Narendra Modi’s government recently set a target of 100 GW of solar panels in India by 2022, a target that would leapfrog India over all developed countries. Varun Sivaram critically examines how realistic the Modi Government’s ambition is for India to become the “renewable energy capital of the world.”
In Market Madness: A Century of Oil Panics, Crises, and Crashes, stock analyst Blake C. Clayton tempers the craze surrounding oil exhaustion through a combination of historical investigation and sober, persuasive analysis. His book is a lucid, credible riposte to apocalyptic ravings about “peak oil.” Clayton examines how such panics have persisted through the decades, all unfounded, yet devastating to the market. Market Madness enjoins consumers, policymakers, and brokers to abstain from hysteria and remain informed about what the future of energy truly holds.
After three years of unusual stability around $100 a barrel, oil prices fell steeply in the second half of 2014, dropping from $115 a barrel in June to around $60 by December. With oil critical to national economies, international security and climate change, what does the apparent new world of oil mean?
China is cleaning up its act at home, but will leaders be willing to tackle illegal environmental depredations abroad? Elizabeth Economy looks at what more China can do to protect the world’s natural resources.
Solar power has been declared a winner before, only to flounder. But these days it is expanding faster than any other power source, with momentum that has become unstoppable. The potential benefits—both economic and environmental—could be profound.
When it comes to energy, new technologies can upend the status quo almost overnight, surprising everyone. And just as the shale revolution, unleashed by fracking, has largely triggered the current oil upheaval, so progress in improving batteries could roil geopolitics and business in major ways.
The U.S. electrical grid has hardly changed since the 1880s, and its reliability, effectiveness, and affordability are increasingly being brought into question. To prevent disaster, regulators must abandon outdated electrical architecture and redesign the grid.
International donors have many compelling causes to choose from, but reducing energy poverty—a plight afflicting over two billion people—should rank among the very top. The poor need energy to alleviating all their other problems, from poor health to unemployment to instability.