The Sino-US Political and Economic Forum (11th Session) was successfully held and released the report “The Road to Energy Security in the United States”

On March 10th , the Sino-US Political and Economic Forum (11th session) hosted by the National Academy for Development and Strategy of Renmin University of China was held online. As major countries in the world, the political and economic exchanges between China and the United States, have a significant impact on both countries and the world, and are of great significance for strengthening the study of Sino-US relations. To this end, the National Academy for Development and Strategy of Renmin University of China has scheduled the Sino-US Political and Economic Forum, aiming to build a platform of interdisciplinary academy and think tanks around the world. We will regularly organize teams to deeply explore key and core issues, publish the latest academic results of Sino-US research, and invite academic colleagues to discuss with each other, promoting the academic researches and discussions on the political and economic relations between the United States and China. Multiple mainstream media platforms such as IFeng Live Broadcast, Sina, China.com, Beijing Daily, LJZFORUM, and 51Xueshuo.com jointly broadcast online.

This forum is presented by Professor Li Wei, a research fellow at the National Academy of Development and Strategy at Renmin University of China, and a professor at the School of International Relations. Professor Chen Zhanming, a research fellow at the National Academy of Development and Strategy at Renmin University of China, and vice president of the School of Applied Economics, wrote the report. Famous experts and scholars in relevant fields, such as Wang Lining, Jiang Zhigao, Shi Xunpeng, and Song Feng, have jointly analyzed the report further.

In the first unit of the forum, Professor Chen Zhanming, a research fellow at the National Academy of Development and Strategy at Renmin University of China, and vice president of the School of Applied Economics, released a report entitled “The Road to Energy Security in the United States”.

In this report, it provides policy suggestions for China’s energy secutiry.

Policy Suggestions for China’s Energy Security

Based on China’s actual national conditions and the experience of energy independence in the United States, this report proposes the following measures: In terms of energy supply, China should increase energy supply and ensure energy security through key technology research and policy coordination, renewable energy, nuclear energy, shale oil and gas, and other channels. At the same time, it is necessary to continue to strengthen our oil and gas supply and reserve capacity from both domestic and international perspectives. In terms of energy demand, China should strengthen energy conservation and efficiency improvement management with policy guidance and incentive measures, and gradually promote the transition to the usage of clean energy; On this basis, China should also build up cooperation with the international community, promote energy trade, actively participate in global energy governance, and enhance China’s energy security through multilateral exchanges. In particular, as the world’s two largest economies, energy consumers, and carbon emitters, China and the United States have great potential in energy cooperation, especially in the field of clean energy. It is recommended to deepen cooperation in cutting-edge technologies such as CCUS and nuclear fusion, and carry out market cooperation in applications such as nuclear power, energy storage, and electric vehicles, so as to promote the formation of a new global energy governance order.