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In the course of current climate negotiations, the world is watching the United States in particular. Together with China, the U.S. is by far the largest emitter of greenhouse gases. Real progress in protecting the global climate requires substantial action on America's part. The U.S. has the...
Persistent link: https://www.econbiz.de/10008474608
Energy policy is confronted by two major challenges. First, fossil fuels will become ever more scarce and expensive in coming years, a trend which will intensify conflicts for the control of natural resources. Second, the burning of fossil fuels-particularly coal-is leading to an increase in...
Persistent link: https://www.econbiz.de/10008479315
For various reasons, the policies governing the energy sector have a central role to play in Germany. Thus, for example, competition on the electricity and gas markets will have to be increased considerably in the course of the market's liberalization. At the same time, a secure supply of energy...
Persistent link: https://www.econbiz.de/10005071065
Seeking to play a pioneering role in climate protection, the European Union has decided to pursue a reduction of at least 20% in greenhouse-gas emissions (on 1990 levels) by the year 2020. Moreover, Europe has declared its willingness to commit itself to emission reductions of 30% over the same...
Persistent link: https://www.econbiz.de/10005071071
International experts agree that the emission of greenhouse gases by mankind is rising further and further, and causing climate change. This can clearly be seen in the rise in the average global temperature and sea level. It is also evident in the increase in extreme weather events and natural...
Persistent link: https://www.econbiz.de/10005071075
The price of crude oil goes up and up -most recently driven by hurricane Katrina, which had a catastrophic effect on the US oil industry, and was followed by hurricane Rita. In September 2005 the price of Brent crude reached a new record at US $ 66 per barrel. The agreement by member states of...
Persistent link: https://www.econbiz.de/10005071087
Russian energy production has increased substantially in recent years, with production of natural gas now actually exceeding the levels reached in the early 1990s. The growth in energy production has gone hand in hand with a rise in Russian energy exports. The European Union is an extremely...
Persistent link: https://www.econbiz.de/10005026856
The relations between Russia and the EU with respect to energy and climate policies have been characterized in recent months by two phenomena. On the one hand, the EU has to deal with questions regarding the security of energy supply. The Russian government's high-handed treatment of domestic...
Persistent link: https://www.econbiz.de/10005026858
In spite of the sharp decline of crude oil prices since the fall of 2008, the current price level of approximately $65 per barrel is significantly higher than the long-term average. The market power of the Organization of Petroleum Exporting Countries (OPEC), which is partially responsible for...
Persistent link: https://www.econbiz.de/10005026860
Greenhouse gas emissions should be stabilized to today's level to prevent harmful climate damage.The countries that have signed the Kyoto Protocol committed themselves to reduce their greenhouse gas emissions over the period 2008 to 2012, but only to a very limited extent. The USA decided not to...
Persistent link: https://www.econbiz.de/10005026866