Two developments are undermining the foundations of the existing energy order.First is the shale revolution that has transformed the place of the US in the global energy system.Second is the unequivocal evidence of human impact on the earth's climate system and the realisation that rapid and significant action is required if we are to avoid the most catastrophic impacts of global warming.The two developments promote countervailing tendencies.The shale revolution is heralding an age of fossil fuel abundance,while the pressing need to mitigate greenhouse gas emissions means that the world must transit away from fossil fuels to a low carbon energy system.The two tendencies are colliding in ways that are challenging old assumptions and creating a new energy order.
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