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China’s Big Bet

China’s pursuit of energy security is not all bad news, or at least it doesn’t have to be. China, after all, shares with the United States and all consumer countries a strong interest in stable, affordable energy markets. That gives as much motive for cooperation as it does for competition. Pipeline politics can have a stabilizing effect, both for rivals, such as Russia, and for energy-poor countries that desperately need the resources. And China’s significant investments in renewables and recent commitments with the United States on greenhouse gas emissions could have a profound, positive effect on global environmental health.