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Measuring and Tracking Energy Security Risks
October 25, 2018 @ 3:30 pm - 4:45 pm
The Division of Economics and Business presents:
Stephen Eule, U.S. Chamber of Commerce’s Global Energy Institute
Daniel Klein, Twenty-First Strategies
October 25 | 3:30-4:45p.m. | Engineering Hall 211
Since the early 1970s, Democratic and Republican presidential administrations and other policymakers have made energy security a priority. Yet, we have lacked a tool to regularly measure our nation’s progress and thus assess the impact of policy decisions on America’s energy security. Indeed, energy is still recognized today as among the top challenges to our Nation’s future prosperity, national security, and way of life.
The Index of U.S. Energy Security Risk: Assessing America’s Vulnerabilities in a Global Energy Market is an annual energy risk indicator, which uses quantifiable data, historical trend information, and government projections to identify the policies and other factors that contribute positively or negatively to U.S. energy security. The Index provides a look at energy security retrospectively from 1970 to 2013 and prospectively from 2014-2040. From this data, policymakers and energy professionals can use the Index to track shifts in U.S. energy security over time and assess potential impacts of new policies.
In 2012, the Energy Institute launched the International Index of Energy Security Risk, a new tool designed to facilitate a better understanding of global energy markets. The 2018 International Index applies the same quantitative analysis used in the US Index to rank the top global energy users in 29 metrics.
Stephen D. Eule is vice president for climate and technology at the U.S. Chamber of Commerce’s Global Energy Institute. With more than two decades of experience, Eule is a recognized and respected expert on the nexus between energy and climate change. He engages with business groups across the world, is asked frequently to testify before Congress, and is quoted often in major media outlets. Eule represents the Chamber in the UN Framework Convention on Climate Change and helped found the Major Economies Business Forum on Energy Security and Climate Change, a coalition of more than 20 national cross-sector business organizations from major economies. Eule also is responsible for GEI’s two authoritative energy security reports—the Index of U.S. Energy Security Risk and the International Index of Energy Security Risk. These risks indices represent the first and most comprehensive efforts to quantify energy security risks over time and across a wide range of measures. They have been cited by the International Energy Agency and are used by universities and think tanks across the world. Previously, Eule was director of the Office of Climate Change Policy & Technology at the Department of Energy. There he oversaw the development of the U.S. Climate Change Technology Program Strategic Plan in 2006 and ran President Bush’s Climate VISION program. Internationally, Eule represented DOE as part of the U.S. government delegations to the UNFCCC, Intergovernmental Panel on Climate Change, the G20, and other multilateral forums. He was lead chapter author on the U.S. Climate Action Report—2006 and contributed to other U.S. government publications. His prior experience includes a decade working in various public policy positions. He was a subcommittee staff director on the House Science Committee and served as legislative director for Rep. Nick Smith (R-MI). In addition, Eule was an environmental analyst in the Washington, D.C., office of New Jersey Gov. Christine Todd Whitman (R-NJ). Earlier, he worked for eight years as an Orkand Corporation consultant to the Energy Information Administration and worked at the Heritage Foundation. Eule earned a Master of Arts degree in geography from The George Washington University and a Bachelor of Science degree in biology from Southern Connecticut State College.
Daniel E. Klein, President of Twenty-First Strategies, has over 40 years of experience in energy, environmental, and economic analysis. After many years as a Senior Vice President and Director of ICF Resources Incorporated, he founded Twenty-First Strategies in 1995 to offer energy and environmental consulting services to energy companies, government agencies, NGOs, and others. His work in recent years has focused primarily on climate change, energy security, strategic planning for electric power, sustainability, energy supply and usage, and related policies and strategies. Specific topics have included development of energy security metrics, clean energy strategies and co-benefits, technologies for GHG reduction, transportation and sustainability, carbon capture and storage, national and international GHG reduction programs, and methods for GHG inventories and reporting. He has authored dozens of conference presentations and testified numerous times as an expert witness. Mr. Klein earned a Bachelor’s degree from the Massachusetts Institute of Technology and an MBA from the Stanford Graduate School of Business.