This study seeks to help inform federal and state policymakers, energy producers, investors, and consumers about the potential energy market impacts of state and federal policy decisions associated with the Clean Power Plan as proposed. The report outlines the potential electric power sector and broader energy market impacts of policy design options and implementation choices by modeling the Clean Power Plan. In addition to mapping out the impacts on the electric power sector and consumers, the report also assesses the impact of the Clean Power Plan on potential changes in natural gas and coal production at the national and regional level.

The North American energy landscape has shifted in significant ways. New development of abundant tight oil and unconventional natural gas resources creates an historic opportunity to enhance economic growth throughout North America and improve the region's competitiveness in global markets. The rapid pace of development of these resources, along with changes in consumption, however, have created a unique need for new and expanded infrastructure and a reevaluation of North America's place in the global energy market. This report captures the current state of crude oil production growth and the infrastructure required and then frames the related major policy and regulatory discussions, including environmental concerns, crude oil exports, the strategic petroleum reserve, and the Jones Act.

The ability to access and economically develop vast amounts of America's unconventional natural gas resources, especially large shale gas formations, has altered our national view on energy and has subsequently changed the discourse at the federal, state, and local levels. Since 2008, when the economic viability of shale gas resources first became widely recognized, policymakers and industry leaders have worked to better understand the nature of this resource; the risks and opportunities associated with its production, transport, and use; and the potential strategic implications of the United States' new energy reality. The paradox of the U.S. unconventional gas story is that the technologies and industry practices that made it possible have been decades in the making; the public policy and commercial landscape is vastly different from just a few years ago; and the story of this remarkable resource development is still in its infancy. In an attempt to capture the current state of play with respect to resource development, operational practices, risk identification and mitigation, impacts assessment and identify strategies that allow this valuable resource to be prudently developed, the CSIS Energy and National Security Program undertook this Unconventional Gas Initiative. Over the course of the past year, the authors were able-in concert with industry and nongovernmental organization (NGO) supporters-to work with a wide array of regulators, policymakers, environmental, industry and financial groups, academics and community stakeholders to capture the latest understanding of the unconventional gas development picture and develop themes and findings in the hope of facilitating an informed discussion on a path forward.




This report evaluates the energy and geopolitical shifts that have arisen from the production of shale gas and light tight oil in the United States. It begins by assessing how much the unconventional energy trend has already impacted energy, geopolitics, and national security. The report then posits several possible energy futures that could emerge from the unconventionals revolution. Finally, it offers views on the major geostrategic question: how will the United States seek to utilize this, so far, domestic resource trend, and given the range of potential future energy outcomes, what might the geopolitical and national security implications be.

This report pairs with three background reports, all available from Rowman & Littlefield:
New Energy, New Geopolitics: Background Report 1: Energy Impacts
New Energy, New Geopolitics: Background Report 2: Geopolitical and National Security Impacts
New Energy, New Geopolitics: Background Report 3: Scenarios, Strategies, and Pathways

"There has been a great deal of talk about whether and how China will manage its need to provide enough energy to ensure continued economic growth while avoiding the local and global environmental impacts of its energy production and use. To listen to the political discourse, China is either a global leader on clean energy technologies and transformation or the largest source of emissions with serious, systemic local environmental degradation. How can it at once be a low-carbon leader and a laggard? China's ability to be both lies in the pace of its current energy transformation, its size, and its willingness to put in place tough policies to try and alter its current energy trajectory. With the current energy mix, China's rapid growth and the associated environmental implications will undoubtedly wreak havoc on the global climate and local environmental conditions. Chinese policymakers recognize the unsustainable nature of their development pathway and have instituted a series of policies to steer them toward a more sustainable course. These policies have attracted staggering amounts of investment and made China the most exciting market on Earth for clean energy technology ventures. The truth, however, is that this pathway will be difficult to journey and navigates a great deal of uncharted territory. If China manages to overcome these obstacles, it could help the rest of the global community overcome some shared challenges. In reality, the outlook for China's future energy use is enormously complicated and does not lend itself to a simple categorization of "leader" or "laggard." This report seeks to clarify key aspects of China's efforts to pursue a secure, low-carbon pathway and the challenges the government faces."--Publisher's description.