Hillary Clinton elaborates on how economic development is pivotal to energy in the near future.
Energy is becoming increasingly more important in countries such as China and India. Hillary Clinton also stated that political stability is also important as energy thrives. The meeting was held at Georgetown University as policy guides would be sent to the U.S. Embassy. Reporting on energy issues and more outreach will be focused on the private sector. Hillary elaborated on how policy guides will be sent to nearly every U.S Embassy.
Energy issues will be focused upon as Hillary Clinton pinpointed three fundamental reasons:
- Energy is considered to be at the core of geopolitics as energy is a source of cooperation and conflict.
- Energy is also considered to power the economy as the environment needs to be managed.
- Energy is also important to political stability as nearly 1.3 billion people have the proper access to energy.
Hillary pinpointed that easy access to power will lead to new businesses starting up as incomes are increased as the global economy is strengthened. Hillary also stated that many developing countries are consuming energy at a faster rate compared to developed countries. Hillary states that India and China are having their energy needs increase at a much more rapid rate. The global supply of natural gas has increased as more opportunities are created for gas producers as the world’s dependence on oil decreases. Much higher levels of security are also needed as atomic plants are getting less secure. Hillary wants to hold the world to a much higher standard as countries make their borders much stricter. Hillary also wants the United States to do its part in conducting more research as more plants are built in a time frame that is realistic.
Overall, economic development will be pivotal as energy is developed currently and in the near future.