The modern energy sector is experiencing rapid change with new oil and gas developments reshaping traditional energy geopolitics; a strong and growing renewable energy sector impacting local, national, and international energy policies and future forecasts; and innovative technological advances that are transforming all areas of the energy supply chain. It is essential to understand the underlying trends that are shaping this new energy landscape. It is critical to focus on rigorous study and application of the primary drivers of change, acknowledging the ways in which other forces of global dynamics are impacting energy supply and demand.
Recent years have proven to be unusually eventful in global energy. The events of the Arab Spring impacted energy markets and challenged maintaining spare capacity and strategic stockpiles. The Fukushima disaster in Japan was a humanitarian calamity and had immediate implications in Japan and across the world on the prospects for nuclear energy. The revolution of shale oil and gas production in the United States and the prospects for global shale production has meant that natural gas has catapulted to center stage in the energy mix, while at the same time raising serious issues regarding environmental impact and long-term viability. These issues, along with the increasingly challenging factors affecting environmental security such as climate change and resource scarcity, frame the substantive content of the Graduate Certificate in Global Energy.
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