Carnegie Endowment Events

A low oil price environment has not brought as much renewable and alternative sources of energy to the market. Instead, it has brought us different kinds of oil, and oils are not created equal. They have different environmental impacts - climate emissions, air quality, water quality and water quantity - as do their products. Energy policy thus has to take into account environmental, water and energy security. China became a net exporter of petroleum products this year due to a significant refining capacity build out, while importing millions of tons of petroleum coke (a petroleum product) from the United States. Deborah Gordon, Scott Moore, David Livingston, and Wang Tao discussed the various environmental implications of the global oil paradigm shift.