Syndicate content

Energy

The Global Energy Challenge

Ioannis N Kessides's picture

This entry is the first of a series of posts written by members of the World Bank's Development Research group's Environment and Energy team on economic and policy issues involving energy and climate change mitigation.

Issues relating to energy are among the most important and difficult challenges confronting the world today.  Providing sufficient energy to meet the requirements of a growing world population with rising living standards will require major advances in energy supply and efficiency. Doing this while mitigating the risks of climate disruption will be an even more challenging undertaking.  It will require a significant shift in the historic pattern of fossil-fuel use and a major transformation of the global energy system.  Especially in the developing countries, the choice of technology, policy, and economic levers that will be used to transform and expand their energy systems will have profound implications for their growth, international competitiveness, and economic security and prosperity.   This overview focuses on the challenges related to electricity supply; subsequent blogs will address other parts of the energy system.

How Might Japan’s Natural Disaster Affect the Energy Sector?

Ioannis N Kessides's picture

Photo: istockphoto.comIt is still too early to estimate with much precision the quantitative impacts of the devastating events in Japan on the global energy sector, as well as the effects on energy and economic activity in Japan. Nevertheless, some qualitative conclusions can be drawn about the near and medium effects on Japanese and global energy balances. Much more difficult and speculative are judgments about the effect of the nuclear accident that resulted from the natural disaster on the longer-term energy picture.

China, the US and clean energy cooperation

Justin Yifu Lin's picture
 Photo: istockphoto.com

Presidents Hu and Obama created buzz earlier this week in Washington when they met on pressing bilateral issues, including US-China business and investment regulation, trade, currency imbalances and security concerns. US-China clean energy cooperation is an important part of that bilateral dialogue (see transcript of my intervention at a January 18 US-China Strategic Forum hosted by Brookings).

Why?
Cooperation between the two countries can yield big economic benefits.  The world is recovering from the worst economic crisis since the Great Depression. In this context, taking advantage of clean energy opportunities is crucial to fueling a sustained global recovery. 

Pages