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11th Annual Conference in London, 13th and 14th November 2006 |
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Asia energy influence The growing influence of India and China on world energy markets is creating a stream of new issues for world politics and economics. Europe, the US and Asia are united by the need to take action on energy saving and global warming. |
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Prof. Rajendra Jain, Professor of European Studies, Jawaharlal Nehru University, New Delhi |
Jain predicts Asia growth for decades “India and China are revisionist powers, the two new kids on the block. They are showing unexpected assertiveness and aptitude for coalition building. Barring a catastrophe they will be growing a 5-7% a year for decades. China has 12-13 years lead over India. India is in the Commonwealth league, China is already at Olympics standard.” |
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Jain hails India diversity “India’s strength is not just growth rate, but its great diversity among 1 bn people. There are no doomsayers asking whether it can all hold together. This is a tribute to the resilience of Indian democracy. The comparison will be between sustainable development by a democratic regime and by a one party state.” Jain sees EU supporting China “The EU is seeking to support China in its ambition to become a global player. This may lead to China’s transformation into an open democratic society.” Jain predicts energy competition “India and China have both moved to purchase assets abroad. There will in future be more competition ands less collaboration in scramble for oil and gas.” |
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 Arya says world must act now
Atul Arya, Vice President for Strategy, BP plc “The world needs to act decisively on energy security. The future energy mix in China and India will be crucial. Both need to take active steps on climate change. This requires a global agenda. We will need significant new investments in energy R&D.” |
 Liao says suppliers go to rogue states
Dr. Janet Liao, Lecturer in International Relations and Energy Security, CEPMLP “China is a newcomer on the international oil market. The majority of China’s suppliers are not large, so it has not much choice than to go to the ‘rogue states’ China’s energy efficiency is 10-30% below the world average.” More |
Pflug
sees India and China as industrial threat
“In the past China and India were seen as places where western companies came to set up manufacturing base to win new markets. Now China and India are threatening incumbent industries. If you invest in China and India, you can lose. If you don’t invest in them, you have already lost.” |
 Judge says European situation 'needs to get worse'
nSir Paul Judge, Chairman , Royal Society for the Encouragement of Arts “We in Europe are paying people more not to work than China and India pay people to work. And we are trying to work a 35 hour week while China and India are trying to achieve a 35 hour day. This is a great challenge. But the situation needs to get worse before it gets better.” More |
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