The historic climate deal between China and the United States opens the door for unprecedented cooperation on energy and the environment. Still, energy remains a geopolitical and environmental challenge of global proportions. Oil consumption is poised to increase markedly in the decade ahead, despite moves in the United States and China to replace coal with natural gas and renewable sources. The new zone of bilateral cooperation comes at a time when China’s petroleum industry, North American oil resources, sanctions on Russian oil, Saudi Arabian oil production, and the global climate are experiencing a significant paradigm shift.
With China’s economy slowing after decades of double-digit growth, now is the time to think strategically about how the nation will deal with its physical resource limitations, their associated environmental concerns, and oil’s evolving geopolitical realities. The China Oil Forum will engage key thinkers, policymakers, and civil society in a discussion about these strategic questions.