Carnegie Endowment for International Peace
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A successful switch to electric vehicles, coupled with strategically increased refining capacity, could be both a geoeconomic and geopolitical maneuver for India.
It was recently announced that the United States has just beaten its all-time high in crude oil production—but these claims don’t quite stand up to scrutiny.
The government has been working to effect a radical shift in Indian energy production and consumption patterns to reduce dependence on fossil fuels.
Electric vehicles offer advantages that are particularly suited to India’s economic and environmental conditions.
Policies promoting the transition to low-carbon-vehicle technology will help achieve global climate goals at negligible cost to oil consumers.
Reducing oil consumption will not only benefit the European nations in the short term; it will put the EU in a strong global leadership position on the road out of the Paris climate talks and beyond.
The Volkswagen affair brings to light broader policy failures on both side of the Atlantic. Rectifying it will require actions beyond just the automotive sector.
Building a causeway across the Palk Strait could become the most powerful symbol of South Asia’s new regionalism.
Climate talks have largely failed to curb rising temperatures. Subnational actors that seek to transform their local energy systems can benefit from California and Germany’s expertise.
From its sheer volumes to what it’s made of and its environmental impacts, the next century of oil will likely be very different from the last.