The Chamber

Climate Change & Energy

Energy demand in the United States could grow by more than 30% between 2010 and 2035, and is expected to grow even faster around the globe.  Meanwhile, environmental issues – including the impact of greenhouse gas emissions – require commonsense solutions that harness technologies, promote economic growth and efficiency, and achieve environmental benefits.

The Energy Information Administration (EIA) of the US Department of Energy's annual report highlighted the projection that the US will dramatically increase domestic energy production by 2035, greatly reducing energy imports.  According to the EIA’s report, the US dependence on foreign energy sources will fall to 13% by 2035, down from 22% in 2011. Dependence on foreign oil has been declining and will continue to fall in part due to an increase in domestic oil production, the use of biofuels, and an increase in automobile fuel efficiency. 

As the US and other countries around the world enact legislative and regulatory measures to diversify energy sources, increase efficiency, and reduce carbon emissions, SCOA, with a wide variety of interests in energy-related businesses and industries, will continue to closely monitor these developments.

SCOA's Washington DC office focuses on researching emerging energy markets in the United States, like Shale Gas. Due to the Shale Gas boom, The US is projected to become a net exporter of liquefied natural gas by 2016.

To comment, or if additional information is needed on a particular topic, please do not hesitate to contact the SCOA Washington office.  We also encourage SC group company employees to download the latest Washington office publications on climate change and energy, located in our online resource library at:

http://scoadc.com/publications/climate-change-energy/

To request a log-in and password, please contact the Washington office at washingtonoffice.scoa (at) sumitomocorp.com.