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Research Report

Transatlantic Cooperation for Sustainable Energy Security: A Report of the Global Dialogue between the European Union and the United States

Franklin Kramer
John Lyman
Franklin Kramer
Robin Niblett
Simon Serfaty
Copyright Date: Feb. 1, 2009
Published by: Atlantic Council
Pages: 57
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Table of Contents

  1. (pp. v-vi)
    Simon Serfaty

    We are in a decisive interval for the institutions of the Euro-Atlantic community and the 32 member states that belong to either the European Union or NATO, or both—with more yet to come, in and beyond 2009. Traditional concerns—security, economic, political, and societal—have become increasingly bundled into circumstances that cannot be addressed by any nation alone, however powerful, or any single institution, however influential. Under such circumstances, capabilities, too, need to be bundled for use through a comprehensive approach that combines hard and soft power into smart power, as well as the states and institutions that can...

  2. (pp. 1-6)

    The world is energy short and carbon long. This juxtaposition demands new ways of providing energy, protecting the environment, and developing new methods of international cooperation. The objectives are clear, but the means are not. Timing, scale, and market acceptance are critical issues toward which energy and climate policies are struggling. The challenge is further complicated by the need to avoid economic dislocations from sudden cost increases that could jeopardize jobs and economic growth.

    The current global financial crisis has created significant constraints from which the U.S. and European energy industries are not immune. Money is exceptionally tight and will...

  3. (pp. 7-12)

    There are four key characteristics of the energy markets in which the transatlantic nations participate that provide the basis for this report’s recommendations. First, transportation both in North America and Europe is heavily oil based. Demand in the global oil market has grown over the past decade in important part because of the growth of emerging countries such as China and India, and this trend is expected to continue. Oil sources have been expanded, but there are a variety of real and potential instabilities in the market ranging from geopolitical considerations to price volatility. There are also serious questions of...

  4. (pp. 13-19)

    European and U.S. energy policy has been evolving rapidly over the past four years. Today on both sides of the Atlantic there is common agreement on the need to achieve sustainable energy security. In Europe, as well as in the United States, this is now understood to include the security of energy supplies, the reduction of carbon emissions, and the maintenance of economies that remain globally competitive. Policies are continuing to evolve on both sides of the Atlantic as policymakers wrestle with the complexity of meeting environmental challenges while providing adequate and affordable supplies of energy in a world that...

  5. (pp. 20-46)

    There are seven key actions that the transatlantic nations can take to achieve energy security. Overall, they need to maximize “common, compatible and complementary” efforts, so as to help each other achieve economies of scale, inbed best practices, provide a predictable policy and regulatory environment for the many companies that are invested and operate on both sides of the Atlantic, and set benchmarks for other developed economies and for emerging economies. Specifically, that would include developing common, compatible, and complementary energy strategies, standards and regulations, incentives, research and development, markets, institutions, and protection of infrastructure and response to disruptions. A...