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ID:
086953
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| Publication |
2009.
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| Summary/Abstract |
Current public policy debates on energy security are characterized by a singular focus on questions regarding access to resources. This lopsided attention to the geopolitical dimension of energy security is based on the myopic and erroneous presumption that global energy politics is necessarily a zero-sum game in which one country's energy security is another's lack thereof. In fact, debates deflect attention from the real issues that policy-makers should consider in their attempts to foster effective global energy governance-the central role increasingly international energy markets play in balancing demand and supply-and, even more importantly, the significance of the 'rules of the game' that structure these markets. This article makes a first attempt to apply a broader analytical lens by pointing out and analyzing the important role rules play in determining outcomes in international oil and gas markets; by examining how current trends are affecting the existing 'rules of the game'; and by highlighting consequences for public policy.
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| 2 |
ID:
113744
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| Publication |
2012.
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| Summary/Abstract |
Despite an emerging literature on global energy governance, there so far is no extensive intellectual rationale for it. This article seeks to fill this gap by putting forward a public policy framework to analyze global energy. With that lens, energy security relates to problems of market failure at a transnational scale. These may occur due to imperfect competition; negative externalities; lack of information; or the presence of public goods. It is argued that major global energy risks such as oil price volatility, lack of transport infrastructure, and insufficient upstream investments can be convincingly conceptionalized as markets failing to provide for a crucial good-energy security. This article thus proposes market failure as an analytical justification of and as an intellectual foundation for further research in global energy governance, and sketches possible research agendas in that field.
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| 3 |
ID:
111331
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| Publication |
2012.
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| Summary/Abstract |
This article argues that among all policy fields exhibiting externalities of a global scale, energy stands out on four dimensions: vertical complexity, horizontal complexity, higher entailed costs, and stronger path dependency. These structural attributes are at odds with contemporary key challenges of energy security, energy justice, and low carbon energy transition. With regard to the latter, energy governance challenges occur related to unclear levels of authority and weak resilience. This has implications for energy scholarship, specifically relating to the political economy of energy transitions, discussions about common pool resources, systems analysis, and other neighboring disciplines.
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