Haiyang Kaifa yu guanli (Jan 2024)

Evolution of US Energy Development Policy in the Arctic Region

  • Wei WEI

Journal volume & issue
Vol. 41, no. 1
pp. 86 – 93

Abstract

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With global warming, countries around the world are paying more attention to the development of Arctic energy resources. The US Arctic region has huge oil and gas reserves, but the core of the US Arctic strategy lies in national security, environmental protection, and international cooperation, hence oil and gas development is relatively lagging behind. In 2013, the Obama Administration introduced the National Strategy for the Arctic Region, which began to pay special attention to Arctic energy development. During the Trump Administration, it has stepped up support for offshore oil and gas energy development in the Arctic region. After President Biden took office in 2021, the U. S. Arctic energy policy centered on climate change, aiming to promote green development in the Arctic region. The US Arctic energy development has always faced various constraints such as law, capital, technology, and environmental protection, which also determine the complexity and long-term nature of U. S. energy development in the Arctic region. China should promote the development of Arctic energy resources by formulating strategies for Arctic energy cooperation, emphasizing the application and R&D of technology in extremely cold regions in the Arctic, promoting cooperation with the United States on climate change and energy transition in the Arctic region, deepening international collaboration and exchanges, and participating in the Arctic governance actively.

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