Clean-energy technologies are growing up. Now, if they’re going to become a significant part of the global energy mix, the world’s approach to them will have to grow up too. That will require a less emotional, more rational understanding of the changing relationship between China and the U.S. in the global clean-energy race. The two countries have sharply different agendas in this competition, yet each needs the other if it’s to achieve its own goals. The surest sign of that dependence comes in following the money: Clean-energy investment is ramping up in both directions across the Pacific. Yet this relationship is prompting increasing unease and debate. In this session, a longtime writer about energy and the environment explores how China’s clean-energy push is affecting American industry and consumers — and how America, moving forward, might play most effectively to its own clean-energy strengths.

• asia
• china
• clean tech
• energy and climate policy

• asia
• china
• clean tech

The ocean covers 71% of the Earth's surface. It is abundant in renewable energy resources such as wind, wave, tidal, and gradients of salinity and temperature. With the exception of some offshore wind farms along the northern European coast, this vast reservoir of non-fossil fuel energy is untapped, even though roughly 40% of the world's population lives within 100 kilometers of the coast. With continued development of offshore wind power in Europe and initial projects planned for the US east coast, China, and Korea, larger contributions of offshore wind power are on the horizon. Similarly, several wave energy converters are in full scale prototype testing at sea.

Development of both renewable energy sources in co-located sites may improve the electric power performance of a combined wind and wave energy farm. While wave energy is primarily a wind driven phenomenon, at a particular location and time, the energy levels in the wind and waves may be different. Analysis of wind and wave data along the US Pacific coast indicates a synergy where combining the two energy sources in a co-located offshore farm reduces the variability in electric power output. The variability of electric power from renewable energy sources has been identified as a challenge to their large scale integration in the electric grid, but combining variable resources mitigates this problem, producing smoother power output than either resource can separately.

• asia
• china
• clean tech
• climate change
• environment
• greenhouse gases
• ocean energy
• renewable energy
• wind

State-owned oil and natural gas companies, such as Saudi Aramco, Petróleos de Venezuela and China National Petroleum Corp., own 73 percent of the world's oil reserves and 68 percent of its natural gas. They bankroll governments across the globe. Although national oil companies superficially resemble private-sector companies, they often behave in very different ways.

Oil and Governance: State-Owned Enterprises and the World Energy Supply (Cambridge University Press, 2012), a new book commissioned by Stanford University's Program on Energy and Sustainable Development, explains the variation in performance and strategy for such state-owned enterprises. The book, which Mark Thurber co-edited and contributed to, also provides fresh insights into the future of the oil industry and the politics of the oil-rich countries where national oil companies dominate.

Though national oil companies have often been the subject of case studies, for the first time multiple case studies followed a common research design, which aided the relative ranking of performance and the evaluation of hypotheses about such companies' performance. Interestingly, some of the worst performing of these operations belong to countries quite unfriendly to the United States. Mark will also discuss the industrial structure of the oil industry, and the politics and administration of national oil companies. One result of the dominance of this structure for oil markets is that high prices often lead to lower supplies and low prices lead to increased production -- the opposite response of private companies.

• asia
• china
• economics
• industry expertise
• natural gas
• oil shale
• petroleum
• tar sands