Ivanov N., Pusenkova Nina
Dilemmas of U.S. Decarbonization
Publication Type:
Rubric:


ISSN 2686-6730

This article investigates controversial relations between energy security and energy transition from fossil fuels to renewables that are observed in petroleum producing countries, since energy transition jeopardizes the long-term future of the oil and gas sector because it entails a gradual reduction in hydrocarbon production. This problem represents a serious challenge for all petroleum-producing countries, but this challenge is particularly serious in the United States, which recovered its former status of energy superpower due to the shale revolution. Simultaneously, it intends to become a global leader of energy transition under the presidency of Joe Biden. In general, the policy of oil companies’ decarbonization is influenced by a number of factors: government climate policy, activities of international organizations, attitudes of financial institutions, shareholders, investors, NGOs and consumers. While European oil companies feel quite a stable and consistent pressure from all these factors that force them to pursue a fairly radical decarbonization policy, the situation in the US is not that straightforward. On the one hand, government climate policy has recently sharply fluctuated, from Barak Obama to Donald Trump to Joe Biden, sending controversial messages to oil corporations. While currently decarbonization policy is a priority of Joe Biden’s administration, if Donald Trump wins the 2024 elections, the future of energy transition in the US might be challenged because he has always strongly focused on strengthening US energy security. On the other hand, the leading US oil companies through their lobbying efforts exert a significant influence on the government climate policy, seeking to ensure a long-term future of hydrocarbons and trying to find a balance between energy security and energy transition that would benefit them. They realize that it would be feasible for them to become leaders of the energy transition by adapting it to their strategic needs.


Keywords: energy transition | energy security | Inflation Reduction Act | fossil fuel | US oil and gas companies | decarbonization | American Petroleum Institute | climate skepticism |

Russian Science Citation Index



OTHER PUBLICATIONS ON THIS TOPIC

Popadko Artem
Стратегия правительства Германии по преодолению энергетического кризиса // Проблемы экономики и управления нефтегазовым комплексом. 2023. № 6 (222). С. 59-65. DOI 10.33285/1999-6942-2023-6(222)-59-65.

Portansky Alexey
ЕС – США: новые барьеры в торговле // Современная Европа. 2023. № 4. С. 119-131. DOI 10.31857/S020170832304006X.

Pusenkova Nina
Энергетический переход ближневосточных нефтяных компаний: догнать и перегнать Америку? // Проблемы экономики и управления нефтегазовым комплексом. 2023. № 8 (224). С. 65-76. DOI 10.33285/1999-6942-2023-8(224)-65-76.

Rogozhin Alexander
Energy security of Asian countries - new role of foreign investments

The Current Energy Crisis: Economic, Technological and Environmental Risks / Zhukov S.V., ed. – Moscow, IMEMO, 2022. – 148 p.

Sergeev Pavel
Третий энергетический пакет газообеспечения Европейского Союза / П.А. Сергеев // Национальные интересы: приоритеты и безопасность. – 2012. – № 37. – С. 52–60.

Subbotin Mikhail
Энергетический калейдоскоп 2022 года // Европейская безопасность: события, оценки, прогнозы. 2023. № 68 (84). С. 4-14.

Pusenkova Nina
Станут ли США лидером глобального энергоперехода? Политика декарбонизации американских нефтяных компаний // США и Канада: экономика, политика, культура. 2023. № 8. С. 46-58. DOI 10.31857/S2686673023080059.

Kopytin Ivan
Will the major oil and gas corporations make blockchain their competitive advantage?

Borisova Alexandra , Kislitsyn Sergey
Impact of U.S. Sanctions on Russian Fuel and Energy Complex

Pusenkova Nina
The Low-carbon Future of Hydrocarbon Companies: The Case of American and European Oil Producers

Baikov N.
Нефтяные компании США и энергетическая политика страны / Н.М. Байков // Нефтяное хозяйство = Neftyanoe Khozyaistvo - Oil Industry. – 2009. – № 3. – С. 105–107.

Khalova G., Illeritsky Nikita
Энергетическая геополитика и трансформация ШОС: от Центральной Азии к Евразии и многополярному миру // Энергетическая политика. 2023. № 2 (180). С. 78-85. DOI 10.46920/2409-5516_2023_2180_78.

Zhukov Stanislav , Reznikova Oksana
Energy Transition in the United States, Europe and China: Latest Trends // Studies on Russian Economic Development. 2023. Vol. 34. No. 4. Pp. 439-449.

Pusenkova Nina
Policy for decarbonizing European and American oil companies

Glazova Elena , Stepanova Mariya
Inflation targeting: modern reassessment

Pusenkova Nina
Климатическая политика национальных нефтяных компаний: декарбонизация по-европейски или по-американски? // Проблемы экономики и управления нефтегазовым комплексом. 2021. № 11 (203). С. 52-62. DOI 10.33285/1999-6942-2021-11(203)-52-62.

Reva Alexander
Нефтяная индустрия Индии: анализ и риски [Текст] / А. Р. Рева // Инновации и инвестиции. – 2018. – № 3. – С. 97-103.

Energy Security: National, Regional and Global Aspects. Ed. by Yu. Kvashnin, K. Voda. Moscow, IMEMO RAN, 2013, 121 p.

Basov Feodor
Germany’s stance on the Nord Stream 2 project: Internal and external determinants
Related publications


Comments (0)

No comments

Add comment







First news
Institute News
22/01/2025

The Fall–Winter 2024 issue of “Pathways to Peace and Security”, no. 2 (67), is now online. The issue's key themes include terrorism and antiterrorism in the context of escalating international tensions, the leading non-Western powers' approaches to the Russia–West confrontation, and the U.S.' and its main European allies' policies on arms and defense-industrial sector.

more...

15/01/2025

On January 15, 2024, “Interfax” news agency published an article about the next IMEMO annual forecast “Russia and the World” for the current year 2025.

more...

Recently Published