In his latest article in Foreign Affairs, Jason Bordoff, Founding Director of Columbia University SIPA’s Center on Global Energy Policy, examines the meaning of the Trump Administration’s new policy goal of “energy dominance.” Bordoff argues that dominance as a goal sends the wrong signal to our partners around the world and ignores that the U.S. benefits from global energy cooperation and interconnectedness. Ramping up domestic production and exports, key to the administration’s definition of dominance, brings economic and geopolitical benefits to the U.S. But, Bordoff argues, dominance is about more than increasing supply. U.S. energy strength also depends on investing in tomorrow’s new energy technologies, maintaining its leadership role in global energy cooperation, increasing its resilience to market swings, and protecting the environment.
This report examines the prospects of supplying gas from the Eastern Mediterranean to Europe from a technical, geopolitical, and economic perspective.
Achieving the goal of net-zero greenhouse gas emissions by 2050 requires a substantial reduction in the share of high-emitting fossil fuels in primary energy consumption.
It has been over two months since the European Union (EU) ban on Russian crude oil entered into force, triggering friction in oil markets and petroleum supply chains.