Almost all of the progress the U.S. has made toward its Paris Agreement target for 2025 has come from falling CO2 emissions from energy use. But greater declines in other greenhouse gas emissions are needed to reach our goal, writes fellow Mark Finley.
As China appears ever closer to attempting a coercive annexation of Taiwan, this report explores how such a move could trigger a chain of nuclear proliferation — potentially adding thousands more warheads to stockpiles globally.
Gabriel Collins, Andrew S. EricksonOctober 25, 2023
The Russian invasion of Ukraine unleashed the use of energy resources as geopolitical “weapons.” But oil and natural gas have followed markedly different paths over the past year, with unexpected results. Why? And what lessons can policymakers learn from these experiences?
This policy report explains how specific tools of economic statecraft can be applied to reduce risks caused by dependence on People’s Republic of China-dominated supply chains for critical goods. It offers foundational building blocks for the formulation and implementation of a larger strategy to reduce American vulnerabilities to China.
Using a framework based on vulnerability, risk and offsets provides valuable insights for evaluating the security of an energy system in transition, writes energy fellow Mark Finley.
Fossil fuel subsidies have allowed energy exporting countries to distribute resource revenue, bolstering legitimacy for governments, many of which are not democratically elected. But subsidy benefits are dwarfed by the harmful consequences of encouraging uneconomic use of energy. Now, with consumption posing a threat to long-term exports, governments face a heightened need to raise prices that have come to be viewed as entitlements. While reforms of state benefits are notoriously politically dangerous, previous experience shows that subsidies can be rolled back without undermining government legitimacy — even in autocratic settings — given proper preparation.