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Event Summary

President-elect Barack Obama has repeatedly listed energy security and climate change as a top priority—second only perhaps to addressing the economic crisis. Following through on that rhetoric will be easier said than done. It combines economic costs felt directly by most voters, foreign policy considerations affecting our key allies and less reliable nations, and environmental policy, particularly catastrophic climate change.

Event Information

When

Tuesday, November 11, 2008
11:30 AM to 1:00 PM

Where

Falk Auditorium
The Brookings Institution
1775 Massachusetts Ave., NW
Washington, DC
Map

Event Materials


Contact: Brookings Office of Communications

E-mail: events@brookings.edu

Phone: 202.797.6105

On November 11, Brookings held the second of 12 events to provide timely policy recommendations and political advice to the incoming president and his transition team. Managing Director William Antholis and Senior Fellow Charles Ebinger, director of the Energy Security Initiative at Brookings, presented their recommendations to president-elect Obama, including major “cap-and-trade” legislation, a reshuffling of the federal bureaucracy, cooperation with state and local governments and diplomacy with a range of nations across a matrix of complicated issues. Antholis and Ebinger were joined by Saban Center Senior Fellow Suzanne Maloney. Senior Fellow E.J. Dionne, Jr. provided introductory remarks and moderated the discussion.

After the program, the panelists took audience questions.
 

Transcript

BILL ANTHOLIS:  We are really I think lucky to have a moment where both presidential candidates made energy among their top, if not for both, their top priority, so I do think we’re going to see forward action on the issue. That said, both candidates were committed to both energy security and to climate change, and I think privately all would agree that while there’s mostly confluence between the two, there are some potential conflicts. I think energy security for many people in the United States is defined, particularly in the short term, by increased supply of oil, and that was particularly the case four months ago when prices of energy were quite high. And so the effort to provide more security was providing more supply. And you could see in things like offshore oil drilling or taking coal and turning it into petroleum, which has – both of which potentially have real negative contributions to the climate change problem.

Some of the more hidden conflicts are in your international diplomacy. If part of the big picture of climate change is trying to bring countries like India and China into a global set of agreements, but you are the President of the United States and you have a relatively short list of asks and priorities in bilateral meetings or the broad bilateral relationship, a real question comes to what comes first, climate change or Pakistan’s nuclear - you know, with respect to India - relations with Pakistan on nuclear issues, or Iran’s drive to get nuclear weapons, or with respect to China, dealing with North Korea and its nuclear issues. So there’s an element of energy security that’s tied up in nuclear diplomacy that could undercut your efforts on climate change. That even drills back to domestic policy. If you are pushing hard for adding more nuclear at home and that leads to broader licensing, not just in the United States, but a renaissance of civilian nuclear overseas, making sure that you’re not contributing to proliferation issues and the like.

So there really is potential conflict and the incoming administration has to really watch and manage those in both directions.

Participants

Introduction and Moderator

E.J. Dionne, Jr.

Senior Fellow, Governance Studies

Featured Panelists

William J. Antholis

Managing Director, The Brookings Institution

Charles K. Ebinger

Director, Energy Security Initiative

Suzanne Maloney

Senior Fellow, Foreign Policy, Saban Center for Middle East Policy


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