The Global Energy Transition: Law, Policy and Economics for Energy in the 21st Century

Description

Global energy is on the cusp of change, and it has become almost a truism that energy is in transition. But what does this notion mean exactly? This book explores the working hypothesis that, characteristically, the energy system requires a strategy of the international community of states to deliver sustainable energy to which all have access. This strategy is for establishing rules-based governance of the global energy value-cycle. The book has four substantive parts that bring together contributions of leading experts from academia and practice on the law, policy, and economics of energy. Part I, 'The prospects of energy transition', critically discusses the leading forecasts for energy and the strategies that resource-rich countries may adopt. Part II, 'Rules-based multilateral governance of the energy sector', details the development and sources of rules on energy. Part III, 'Competition and regulation in transboundary energy markets', discusses principal instruments of rules-based governance of energy. Part IV, 'Attracting investments and the challenges of multi-level governance', focuses on the critical governance of the right investments. This book is a flagship publication of the Centre for Energy, Petroleum and Mineral Law and Policy at the University of Dundee. It launches the Hart series 'Global Energy Law and Policy' and is edited by the series general editors Professors Peter D Cameron and Volker Roeben, and also Dr Xiaoyi Mu. Contents List of Contributors Table of Cases Introduction • Peter D Cameron, Xiaoyi Mu and Volker Roeben PART I: PROSPECTS FOR AN ENERGY TRANSITION 1. Comparison of Outlooks and Implications for an Energy Transition • Xiaoyi Mu and Dilip K Jena 2. Oil-rich Countries’ Responses to Energy Transition: Managing the Decline • David Manley, Patrick Heller and James Cust PART II: RULES-BASED MULTILATERAL GOVERNANCE OF THE ENERGY SECTOR 3. A Treatise for Energy Law • Raphael J Heffron, Anita Rønne, Joseph P Tomain, Adrian Bradbrook and Kim Talus 4. What do we Mean when we Talk about International Energy Law? • Volker Roeben and Gökçe Mete 5. The Legal Effect of the Paris Rulebook under the Doctrine of Treaty Interpretation • Petra Minnerop 6. How will Energy Market Regulation have to Change in the Era of Energy 4.0? • Penelope Crossley PART III: COMPETITION AND REGULATION IN TRANSBOUNDARY ENERGY MARKETS 7. Between Transnational Private Law and Public International Law: Engineer-driven Self-governance in Transboundary Energy Megaprojects • Christoph G Benedict 8. Managing the Threat of Regulatory Capture under the European Energy Union • Rafael Emmanuel Macatangay and Volker Roeben 9. Power Over Power: The Global Energy Interconnection and Potential Cyber-threats • Jakob Haerting PART IV: ATTRACTING INVESTMENTS AND THE CHALLENGES OF MULTI-LEVEL GOVERNANCE 10. Implementing the Energy Transition in the Face of Investment Protection Standards • Martin Jarrett 11. The EU FDI Screening Regulation as an Example of the Proliferation of FDI Screening Processes Affecting the Energy Sector • Leonie Reins and Dylan Geraets 12. International Arbitration in the Renewable Field: Recent Developments in Spain • Iñigo del Guayo 13. How should Shale Gas Extraction be Taxed? • Philip Daniel, Alan Krupnick, Thornton Matheson, Peter Mullins, Ian Parry and Artur Swistak 14. Trinidad and Tobago’s Oil and Gas Sector in a Changing World (2010–2019) • Kevin Ramnarine The Concept of Global Energy Transition and its Agenda • Peter D Cameron, Xiaoyi Mu and Volker Roeben Index