President Obama’s recently announced Clean Power Plan – potentially a major turning point in the fight to contain greenhouse gas emissions and stop the slide toward an ever-warming Earth – is oddly both a courageous step in the right direction and codification of a process already underway.

If you’re a government pondering the development of newly discovered natural resources, how do you avoid the so-called “resource curse” – the tendency of high value extractive resources, like oil, gas, or minerals, to, instead of prosperity, bring corruption, entrenched poverty, and even violence?

As the U.S. has undergone a rapid and massive shift to natural gas from coal, one benefit has gone almost entirely overlooked: the amount of water needed to cool the nation’s power plants has dropped substantially.

Before world oil prices collapsed late last year, shop owners closest to the banks of the Rio Grande River in Piedras Negras joked that they could hear the groans of Texas drilling rigs advancing toward their fast-growing northern Mexico city.

Researchers have been warning about future water scarcity for decades, but new data reveals a majority of the world’s largest aquifers are already running out of water.

The past decade has brought ground-shaking changes to global energy markets. The unconventional fuel boom has unexpectedly reduced U.S. dependence on oil imports, while in the Asia-Pacific region, energy-constrained nations are increasingly reliant on foreign sources to meet their soaring demand. With the U.S. slated to export liquid natural gas (LNG) to Asia as early as 2017, a new energy era has come.

With the Obama Administration moving forward on emissions reductions, the deadline for drafting the Sustainable Development Agenda, and a highly anticipated global climate summit in Paris, 2015 promises to be a crucial year for climate policy. “In many ways, last year was the year of building momentum, and this is the year of getting the work done,” said Lisa Friedman, deputy editor of ClimateWire, at the Wilson Center on January 5. [Video Below]

On the heels of a landmark U.S.-China climate agreement, 2015 will be a critical year for China’s environmental and energy policy. A revised and much stricter Environmental Protection Law went into force on January 1; new amendments to the Air Pollution Law are likely to be put in place; and the National Development and Reform Commission will draft a new five-year plan.