Climate change poses grave risks to humanity in the 21st century; confronting it will require a massive transformation of the world’s energy systems. For now, fossil fuels like oil and gas still shape global geopolitics, though breakthrough innovation could speed the transition toward clean energy. The program on Energy Security and Climate Change at the Council on Foreign Relations informs scientists, business leaders, policymakers, and the public about how to navigate tomorrow’s energy landscape.
Over the last hundred years, many experts have fallen prey to fears that the world’s oil is dwindling and prices are doomed to rise, yet such predictions have repeatedly proven wrong, writes Blake C. Clayton in a new CFR book. Market Madness: A Century of Oil Panics, Crises, and Crashes offers important lessons for Washington and Wall Street about energy policy and financial markets. Buy the book »