MenuThe United States recently reaffirmed its intent to support Ukrainian energy security amidst the near-certain completion of Nord Stream 2 (NS2) – Russia’s controversial pipeline, which will pump 55 billion cubic meters (bcm) of natural gas into Germany while increasing Europe’s dependence on Gazprom and entirely circumventing Ukraine. The $11bn project was completed in September and is now awaiting final approval
Category Archives: Energy Security
The COP26 Postmortem: No Progress Without Buy-In From The World’s Top Polluters US And China
The 26th United Nations Climate Change Conference ended with hope and skepticism around the globe. Negotiators and national leaders have made pledges and proclamations aplenty — among them a vow to reverse deforestation within the decade — but it is undeniable that no pledge is set in stone, particularly when the signatories can hide behind
OPEC Says To Biden: If You Want More Oil, Pump It Yourself
OPEC and its oil-producing partners have rebuffed President Joe Biden’s calls for increased production amidst rising fuel prices, retorting that if the United States believes the world’s economy needs more energy, then it has the capability to increase production itself. The OPEC+ alliance, made up of OPEC members led by Saudi Arabia and non-member top producers guided by Russia,
Biden’s Good COP/Bad COP on Climate is Not Enough
President Joe Biden is in Glasgow, on the second phase of a trip abroad which began with the 2021 G20 summit in Rome. Joining him in Scotland is an outsized American delegation for the 26th UN Climate Change Conference (COP26), including not only Climate Advisor Gina McCarthy and Climate Envoy John Kerry, but six members of cabinet.
COP26 And WTO Ministerial Bring Tough Questions For Emerging Economies
Ministers from twenty-four developing nations – including China, India, Vietnam, and Pakistan – released a statement ahead of the United Nations Climate Change summit (COP26) denouncing new net-zero standards as discriminatory. The plan asks for all countries to reach net-zero carbon emissions by 2050. Climate negotiations have long been shaped by equity concerns; this makes sense.
China’s Space Mining Industry Is Prepping For Launch – But What About The US?
A slew of activities amongst China’s private and state-owned aerospace companies this year are a testament to China’s growing ambitions for economic and military domination of space. On October 19, the Academy of Aerospace Solid Propulsion Technology (AASPT) – which belongs to the China Aerospace Science and Technology Corporation (CASC) – test fired “the most powerful solid rocket
Europe’s Self-Inflicted Energy Crisis
Europe is in the throes of an unprecedented energy crunch. Some call it a crisis, which, if not addressed, may be comparable to the Arab oil embargo of the 1970s – with dire economic, social and political consequences. Brent crude is at a 5 year high of $84 per barrel while spot natural gas prices are up more than 500% year-over-year,
FinTech Can Help Fill Climate Resilience Gaps In Emerging Markets
The fuel crisis spreading across Europe and Asia highlights the weather-related vulnerabilities faced by global energy systems. As wind and solar falter under intermittency, power generation has defaulted to gas, where demand is being squeezed by early-autumn heating and late-summer electric cooling needs across Eurasia. The reverberations of February’s polar vortex in Texas—which froze gas output—continue to be felt
AUKUS Sub Deal Could Sink Relations With France, Buoy Nuclear Tech Advances
As an exhausted, internally divided America proclaims its return and promises a new era of diplomatic leadership, its global partners are rightfully skeptical. Year one of the Biden era has seen the botched withdrawal from Afghanistan, casting doubts about the president’s foreign policy judgment. So long as the disgraced President Donald J. Trump remains the Republicans’ current frontrunner for
Tesla Flexes Innovative Muscle By Manufacturing Own Chips During Supply Crunch
COVID-19’s impact on the global economy introduced major supply chain shortages, hitting silicon wafer manufacturers particularly hard. Silicon wafers chips are a small slice of semi-conductors, a vital tech component inside all complex electronics from cell phones to cruise missiles. They also require critical minerals and advanced processing techniques to produce, two areas where the United