| Publication |
2013.
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| Summary/Abstract |
Faced with the dual challenge of depletion of fossil fuels and climate change, three Northeast Asian countries-China, Japan and Korea-introduced green energy initiatives in recent years. Even though the portion of renewable energy in the energy mix has been limited, a rapid shift to green initiatives has given a strong boost to renewable energy resources. Cooperation with respect to green energy in Northeast Asia (NEA) may eventually overcome the geopolitical constraints and zero-sum nature of the fossil fuel supply in the region. However, this cooperation also faces a number of obstacles to be overcome. Energy cooperation in NEA is still in an embryonic stage, and the level of institutionalisation is low. Green energy cooperation is not free from neo-mercantilist competition either, as the current green initiatives entail elements of strong industrial policy. European experience may shed light on the burgeoning green energy cooperation in NEA, in terms of methods and scope. The EU is currently adopting the most advanced policies on renewable energy and climate change. A series of green energy initiatives has provided a concrete platform for further green energy cooperation that could be pursued at the Union level. On the other hand, the history of European energy cooperation indicates that a long stage of market integration, institutional development and policy coordination are prerequisite. Northeast Asian green energy cooperation should be based on a continued momentum of green initiatives at the domestic level as well as the advancement of sub-regional institutional build-up. Regional multilateral institutions, such as Asia-Pacific Economic Cooperation, Association of Southeast Asian Nations Plus Three and ASEAN Regional Forum, as well as diverse international organisations and Track II institutions can provide a useful venue for Northeast Asian countries to share information and adopt a common position towards green energy cooperation.
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