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Climate negotiators are celebrating the deal reached over the weekend at the conference in South Africa. But the agreement only validates an approach to climate change that has failed to reverse global warming for more than 20 years now.
China's appetite for energy and jobs has made it a global hub for green innovation. Washington and the West will have to change their strategies to catch up.
The world cannot let the March disaster at Japan’s Fukushima power plant scare it into forgoing the benefits of nuclear energy -- a cheap, reliable, and safe source of electricity. Still, writes a former U.S. undersecretary of energy, the United States does need to update its safety standards and reform its handling of nuclear waste.
Even as many energy plants across the world have implemented carbon capture and sequestration technologies, hundreds more heavily polluting facilities have come online. At current rates, green carbon technologies just can't keep up.
Bringing Libyan crude oil back to market will ease world prices and provide much-needed funding for Libya's new government. But getting the pumps flowing again will not be easy.
No state with serious oil wealth has ever transformed into a democracy. Oil lets dictators buy off citizens, keep their finances secret, and spend wildly on arms. To prevent the “resource curse” from dashing the hopes of the Arab Spring, Washington should push for more transparent oil markets -- and curb its own oil addiction.
Clean energy was supposed to create jobs while reducing energy insecurity, global warming, and the U.S. trade deficit. But Washington's policies have encouraged quick and easy projects that cannot compete with conventional carbon-based sources.
Saudi Arabia and other OPEC members have long maintained large oil reserves to limit volatility in oil prices. But with key states now refusing to maintain such expensive buffers, the world must learn how to cope with big price swings in the years ahead.
As Japan's ongoing nuclear crisis shows, older reactors are the most vulnerable to failure. Aging nuclear plants pose a risk in the United States as well, and the Nuclear Regulatory Commission must enforce up-to-date safety standards more forcefully -- or risk the possibility of a disaster.
As political upheaval spreads across North Africa and into the Persian Gulf, 2011 may turn out to be as momentous a year for global oil markets as 1971, the year when the nature of the region's petro-states first took shape.
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