This report revisits a topic explored in a 2007 Commission report that included a series of widely accepted energy predictions, many of which have proven significantly mistaken by 2015. The report assesses the complex and changing relationship between energy supply, the global economy, and geopolitics in a world in which North America has seen a revolutionary change in its production of both oil and natural gas, where it is now a net exporter. It is also a world where Europe continues to strive to diversify supply and maximize flexibility in the face of a security challenge in Ukraine. It is a world where the Asia Pacific region aims to diversify supply, increase conservation, and reassess nuclear power in the wake of Fukushima. Across this backdrop, efforts to reduce the negative impact of fossil fuel use on climate are examined and progress graded.
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John Deutch has been a member of the MIT faculty since 1970 and has served as Chair of the Department of Chemistry, Dean of Science, and Provost. He has published over 140 technical publications in physical chemistry, as well as numerous publications on technology, international security, and public policy issues. Edmond Alphandéry is the Senior European Advisor of Nomura Securities. He is also Chair of the Euro50 Group and Chair of the Centre for European Policy Studies (CEPS) in Brussels. Michael Levi is the David M. Rubenstein Senior Fellow for Energy and the Environment at the Council on Foreign Relations and Director of CFR’s Maurice R. Greenberg Center for Geoeconomic Studies. He is an expert on domestic and international energy markets and policy, climate change, and nuclear security. Nobuo Tanaka is President of the Sasakawa Peace Foundation. He has extensive national government and international experience in the fields of energy, trade, and innovation, including Executive Director of the International Energy Agency (IEA) from 2007–11.
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