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No matter what one thinks should be done about global warming, the fact is, it’s happening. And its effects are not all bad. In the Arctic, it is turning an impassible region into an emerging epicenter of industry and trade.
When U.S. President Barack Obama took office, the country’s energy future would have been listed among its liabilities. That is no longer the case.
Beijing can start to solve its environmental and economic troubles by ending one of the most stubborn legacies of the planned economy: highly regulated energy prices. If recent reports are any indication, that is exactly what it plans to do.
The U.S. energy revolution is not confined to a single fuel or technology: oil and gas production, renewable energy, and fuel-efficient automobile technologies all show great promise. To best position the country for the future, U.S. leaders should capitalize on all these opportunities rather than pick a favorite; the answer lies in ‘most of the above.’
Exploratory drilling near the coasts of Cyprus, Egypt, Israel, Lebanon, Syria, and Turkey has unearthed vast reserves of natural gas. Competition over the rights to tap those resources is compounding existing tensions over sovereignty and maritime borders. The eastern Mediterranean is quickly becoming as volatile as its eastern cousin, the South China Sea.
The warnings of The Limits to Growth were far more prescient than Bjørn Lomborg suggests, argue several critics, including two of the book’s authors. No they weren’t, Lomborg insists.
Bjørn Lomborg’s recent essay on environmental alarmism overlooked a number of grave threats to the planet, most notably overconsumption. As poorer countries grow out of poverty, the developed world must scale back how rapidly it devours natural resources.
Coal combustion is the largest source of carbon dioxide emissions on the planet. But the fuel isn’t going away anytime soon, since demand for it is ballooning in the developing world. So instead of indulging in quixotic visions of a coal-free world, policymakers should focus on supporting new technologies that can reduce how much carbon coal emits.
In the coming years, Gazprom won’t be able to rely on high profit margins to stay at the top of the energy business. And Putin won’t be able to rely on Gazprom as a source of power.
In the last few decades, China has become the world's top producer of rare earths, a group of elements key to manufacturing high-tech products. Now Beijing has started to institute price controls and export quotas to drive up prices, but that plan will likely backfire.
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