Environment & Climate Change

Call it the fall heard round the world.

The dramatic decline in oil prices—from over $100 a barrel in 2014 to below $30 this year—has been one of the most disruptive and least expected developments in global energy markets since the 2008 financial crisis.

With the continuation of high oil production and low prices, the Belfer Center’s Khalid Alsweilem, Calestous Juma, David Keith, Henry Lee, Leonardo Maugeri, Meghan O’Sullivan, and Robert Stavins offer insights, predictions, and recommendations based on their research and varied perspectives.

The Spring 2014 issue of the Belfer Center newsletter features recent and upcoming activities, research, and analysis by members of the Center community on critical global issues. This edition highlights the Belfer Center’s deepening engagement with China and increasing collaboration with Harvard Kennedy School’s Ash Center for Democratic Governance around critical issues related to China. We announce former Australian Prime Minister Kevin Rudd as a new Belfer Center senior fellow who will lead efforts to explore possibilities and impacts of a new strategic China-U.S. relationship. Read about this and much more.

The Winter 2012-13 issue of the Belfer Center newsletter features recent and upcoming activities, research, and analysis by members of the Center community on critical global issues. This edition highlights the Belfer Center’s commemoration of the 50^th anniversary of the Cuban Missile Crisis. In addition to the background on those 13 days in 1962 when the world was on the brink of nuclear war, the Center focuses on the decision-making that averted a nuclear catastrophe and the lessons from that event for leaders of today. We include winners and winning entries from our “Best Cuban Missile Crisis Lessons” contest, co-sponsored with Foreign Policy magazine.

A new study by Belfer Center Geopolitics of Energy researcher Leonardo Maugeri finds that oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity is likely to grow by nearly 20 percent by 2020.  This could prompt a plunge or even a collapse in oil prices.  The findings by Maugeri, a former oil industry executive who is now a fellow at Harvard Kennedy School’s Belfer Center, are based on an original field-by-field analysis of the world’s major oil formations and exploration projects.

This policy brief is based on Belfer Center paper #2010-02 and an article published in Energy Policy, Vol. 38, No. 3.

Oil security and the threat of climate disruption have focused attention on the transportation sector, which consumes 70% of the oil used in the United States.
This study explores several policy scenarios for reducing oil imports and greenhouse gas emissions from transportation.

As the U.S. debates an economy-wide CO2 cap-and-trade policy, the transportation sector remains a significant oil security and climate change concern. A new Belfer Center study-"Analysis of Policies to Reduce Oil Consumption and Greenhouse Gas Emissions from the U.S. Transportation Sector"-concludes that significant reductions in these areas will require much stronger policy initiatives than are currently under  consideration. Two of the authors answer questions about their report. Henry Lee is director of the Belfer Center's Environment and Natural Resources Program and Kelly Sims Gallagher is senior associate of the  Belfer Center and associate professor of energy and environmental policy at Fletcher School, Tufts University's graduate school of international affairs.

This policy brief outlines urgent priorities for U.S. energy policy at the dawn of the Obama administration, and recommends specific steps that the U.S. government should take to address the numerous energy-related challenges facing the United States. It is based on the book, Acting in Time on Energy Policy (Brookings 2009), edited by Kelly Sims Gallagher, director of the Energy Technology Innovation Policy research group at the Harvard Kennedy School's Belfer Center.

We concentrate on six topics: climate change policy, carbon capture and storage policy, oil security policy, energy-technology innovation policy, electricity market structure, and infrastructure policy. The United States cannot afford to wait any longer to enact long-term policies on these topics. In fact, acting early is clearly in the longer-term interest of the United States.

On September 18-19, the Belfer Center’s Energy Technology Innovation Policy (ETIP) research group hosted a major conference on U.S. energy policy. Under the auspices of the Consortium for Energy Policy Research at Harvard, led by William Hogan and Louisa Lund, and with the cooperation of Harvard University Center for the Environment, ETIP brought together members of academia, research centers, government, business, and non-governmental organizations for intensive discussion on future energy policy directions for the United States. Click here for photos.

With a new president of the United States soon to be elected, Belfer Center scholars offer their suggestions to the next president on issues of national security, climate/energy policy, and the financial crisis.