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You searched for: Publishing Institution Council on Foreign Relations Remove constraint Publishing Institution: Council on Foreign Relations Publication Year within 10 Years Remove constraint Publication Year: within 10 Years Topic Energy Policy Remove constraint Topic: Energy Policy
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  • Author: Sagatom Saha, Ilya Zaslavskiy
  • Publication Date: 12-2018
  • Content Type: Working Paper
  • Institution: Council on Foreign Relations
  • Abstract: A prerequisite for Ukraine’s economic and political success is reform of its energy sector. Enduring corruption and mismanagement in the energy sector have generated pernicious budget deficits, eroded sovereignty, jeopardized energy security, and limited economic potential. Although all post-Soviet states have encountered obstacles in transitioning to market economies, Ukraine has been remarkably slow to introduce market reforms, and its sclerotic energy sector is at the center of its economic dys- function. Even after the fall of the Soviet Union, the Orange Revolution, and nine International Mon- etary Fund (IMF) loans conditional on reform, Ukraine’s energy sector remains a drain on taxpayers, a playground for corrupt oligarchs, and an unattractive destination for international investment. However, Ukraine now has a small but important window of opportunity. The 2014 Euromaidan Revolution—the series of pro-European demonstrations that culminated in Ukrainian President Viktor Yanukovych’s removal—provided a mandate and framework for energy reform. Beginning in 2015, Ukraine moved to cut implicit subsidies on natural gas, adopted laws to restructure the state-owned oil and gas company Naftogaz, and halted imports of Russian gas. These advances are welcome news not only for Ukraine, but also for the United States. A prosper- ous and energy-secure Ukraine, capable of standing up to Russian interventionism, would advance U.S. foreign policy objectives in the region. Recognizing this, Washington already provides technical, financial, and military assistance to Kiev.1 The United States has focused particularly on encouraging Ukraine’s energy-sector reforms, last year tasking the State Department with promoting the country’s energy security with the Countering America’s Adversaries Through Sanctions Act. Unfortunately, Ukraine’s energy-sector reforms to date do not go far enough. To achieve lasting reform, Ukraine must curtail its population-wide subsidies, reinforce the independence of its energy regulator, and dismantle the monopolies that exist in every segment of the natural gas sector. The benefits that would result from these steps are manifold. End consumers would enjoy better energy services and lower prices; the domestic energy sector would create high-skilled jobs and boost eco- nomic output; and the government would secure new revenue streams that could bolster national priorities such as defense and social services. Further reforms in Ukraine’s energy sector could mean the difference between economic growth at the current sluggish rate of 2 percent and reaching 6 percent or more, which some experts suggest is possible.2 Ultimately, Ukraine will be the arbiter of its own success in energy-sector reform. But the United States can and should do more to help it achieve politically and technically complex reforms. Apply- ing greater diplomatic pressure, providing technical assistance, and offering targeted financial in- centives—and disincentives—could speed the pace of Ukraine’s reform efforts. The Donald J. Trump administration, which has not yet articulated a clear strategy toward the country, should place energy-sector reform at the center of its relationship with Ukraine. Doing so would constitute a low-risk, high-reward strategy for Washington to counter Moscow’s influence at the North Atlan- tic Treaty Organization (NATO) border without overcommitting to military options and antagoniz- ing Russia. Moreover, by helping Ukraine reform its energy sector, the Trump administration may create opportunities for trade in energy equipment and services, advancing its strategy of U.S. en- ergy dominance.
  • Topic: Energy Policy, Natural Resources, Reform, Gas
  • Political Geography: Europe, Ukraine, Eastern Europe
  • Author: Council on Foreign Relations
  • Publication Date: 05-2017
  • Content Type: Special Report
  • Institution: Council on Foreign Relations
  • Abstract: On March 29 and 30, the Council on Foreign Relations convened a workshop in New York to explore how international cooperation can accelerate energy innovation. The workshop, hosted by Douglas Dillon Fellow and Acting Director of the Energy Security and Climate Change Program Varun Sivaram, was made possible by the support of the Alfred P. Sloan Foundation. The views described here are those of workshop participants only and are not CFR or Sloan Foundation positions. CFR takes no institutional positions on policy issues and has no affiliation with the U.S. government.
  • Topic: Energy Policy
  • Political Geography: Global Focus
  • Author: Ian Cronshaw
  • Publication Date: 05-2017
  • Content Type: Special Report
  • Institution: Council on Foreign Relations
  • Abstract: Increased use of natural gas in the Asia-Pacific region could bring substantial local and global benefits. Countries in the region could take advantage of newly abundant global gas supplies to diversify their energy mix; the United States, awash in gas supplies thanks to the fracking revolution, could expand its exports; and climate change could slow as a result of gas displacing coal in rapidly growing economies.
  • Topic: Energy Policy
  • Political Geography: Asia-Pacific
  • Author: Shannon K. O'Neil
  • Publication Date: 10-2014
  • Content Type: Working Paper
  • Institution: Council on Foreign Relations
  • Abstract: North America was once called the New World. The people, their ideas, and the resources of the continent shaped the histories of the Old World—East and West. Today, North America is home to almost five hundred million people living in three vibrant democracies. If the three North American countries deepen their integration and cooperation, they have the potential to again shape world affairs for gen-erations to come.
  • Topic: Security, Economics, Energy Policy, International Trade and Finance
  • Political Geography: United States, America
  • Author: Blake Clayton
  • Publication Date: 09-2012
  • Content Type: Working Paper
  • Institution: Council on Foreign Relations
  • Abstract: On June 23, 2011, the International Energy Agency (IEA) announced plans to coordinate the release of emergency oil stockpiles in an attempt to offset an ongoing loss of crude oil production in Libya. In the six months prior, oil prices had jumped more than 20 percent, as political upheaval in Libya had prevented an estimated 132 million barrels of oil from reaching the market. IEA member country policymakers feared that high oil prices risked undermining a nascent global economic recovery. To combat that threat, twelve IEA member countries made roughly sixty million barrels of crude oil and refined oil products, such as diesel and gasoline, available to the market. The release, which the IEA referred to as the “Libya collective action,” lasted from July 23, 2011, until September 15, 2011. It was only the third time in its nearly thirty-year history that the IEA, which was founded after the 1973 oil crisis, has undertaken a coordinated release, though the United States has unilaterally released strategic stocks on several occasions for reasons that include raising revenue and countering rising heating oil prices.
  • Topic: Climate Change, Energy Policy, International Cooperation, International Organization, Oil, Natural Resources
  • Political Geography: Libya
  • Author: Sheila Smith
  • Publication Date: 03-2011
  • Content Type: Video
  • Institution: Council on Foreign Relations
  • Abstract: The earthquake and tsunami that hit Japan will have a severe, lasting impact on the Japanese economy, says CFR's Sheila Smith, Senior Fellow for Japan Studies.
  • Topic: Economics, Energy Policy, Natural Disasters
  • Political Geography: Japan, East Asia
  • Author: Michael A. Levi
  • Publication Date: 03-2011
  • Content Type: Video
  • Institution: Council on Foreign Relations
  • Abstract: A week after Japan's catastrophic earthquake and tsunami, Japanese officials struggle to contain a widening crisis at the Fukushima Daiichi nuclear plant. CFR's Senior Fellow for Energy and the Environment, Michael A. Levi, discusses the global responses to Japan's nuclear crisis, and what it means for the future of nuclear energy.
  • Topic: Energy Policy, Natural Disasters
  • Political Geography: Japan