Abstract
Overview
Introduction
Datamonitor expects that the future direction of the global debate on climate
change to remain uncertain. While piecemeal US climate change initiatives will
gather momentum, America's participation in a multilateral agreement will
require unlikely Chinese involvement. Europe will continue to lead the
abatement agenda, but it cannot ultimately block a renaissance of nuclear
power.
Scope
- an overview of current developments in the global debate on climate change
and the timeline for future US and European initiatives.
- an understanding of the pivotal relationship between US and Chinese
economic and emissions growth and how their rivalry impacts global policy.
- an assessment of the future role of nuclear power in the global energy mix
and the region's will to drive the renaissance of atomic generation.
Report Highlights
American industry is preparing for inevitable federal action on climate
change. Mounting pressure on the US to accept its contribution to global
warming is beginning to bear fruit with the Federal Energy Regulation
Committee currently in consultation with leading US utilities over the future
prospect of a 'cap and trade' emissions trading scheme.
Chinese acceptance of a binding emissions quota will be key to US
participation in any multilateral global climate change agreement. The
countries are the largest emitters of carbon on the planet. Although the
Chinese economy is growing at a much faster rate than its US rival, it will
only be a fifth of the size of American market by 2010.
A nuclear renaissance will be centred in Beijing and Moscow. China is forecast
to account for a 9% share of global atomic output by 2030, reflecting the
drive of the People's Republic to temper growing dependence on imported oil
and coal. Russia's President Putin also announced an extensive new nuclear
build programmes at the latest G8 summit.
Reasons to Purchase
- identify the current obstacles and future direction of the global debate
on climate change.
- understand the pivotal impact that projected Chinese and US economic
growth will have on global carbon emissions.
- assess the future role of nuclear power generation in the energy mixes of
China, Europe, Russia and the US.
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