The Handbook of Global Energy Policy

Recent years have seen energy placed at the top of policy agendas. Against the backdrop of a rise of new consumers such as China and India, climate change and the geopolitical challenges stemming from scarce and unevenly distributed fossil resources, energy policy is now a global concern. The first volume of its kind to focus on global policy perspectives on energy, this comprehensive Handbook analyzes the key dimensions of markets, development, sustainability, and security.  It successfully maps the emerging field of global energy policy for both scholars and practitioners, broadening the discussion beyond the prevalent debates about oil supply. The volume offers a broad comparison of energy policy challenges faced across the globe by exploring future policy requirements at local, national and international levels.  Case studies offer regional perspectives from the viewpoint of major energy producers (Russia, Nigeria, and Brazil), emerging energy consumers (China and India), as well as newly–challenged players (The United States and the European Union).  The volume brings together the latest research from an international team of scholars and energy policy practitioners, resulting in an invaluable reference source for this fast–growing field.

List of Figures and Tables ix Notes on Contributors xiii Introduction: Key Dimensions of Global Energy Policy 1 Andreas Goldthau Part I Global Energy: Mapping the Policy Field 13 1 The Role of Markets and Investment in Global Energy 15 Albert Bressand 2 The Entanglement of Energy, Grand Strategy, and International Security 30 Meghan L. O’Sullivan 3 Sustainability, Climate Change, and Transition in Global Energy 48 Michael Bradshaw 4 The Development Nexus of Global Energy 64 Gilles Carbonnier and Fritz Brugger Part II Global Energy and Markets 79 5 The Oil Market: Context, Selected Features, and Implications 81 Christopher Allsopp and Bassam Fattouh 6 Natural Gas Going Global? Potential and Pitfalls 98 Matthew Hulbert and Andreas Goldthau 7 The Breakout of Energy Innovation: Accelerating to a New Low Carbon Energy System 113 Michael LaBelle and Mel Horwitch 8 Recent Trends in Upstream Petroleum Agreements: Policy, Contractual, Fiscal, and Legal Issues 127 Honor´e Le Leuch 9 National Oil Companies: Ensuring Benefits and Avoiding Systemic Risks 146 Charles McPherson Part III Global Energy and Security 157 10 Global Resource Scramble and New Energy Frontiers 159 Øystein Noreng 11 Cooperation and Conflict in Oil and Gas Markets 176 Dag Harald Claes 12 The “Gs” and the Future of Energy Governance in a Multipolar World 190 Charles Ebinger and Govinda Avasarala 13 Nuclear Energy and Non–Proliferation 205 Yury Yudin Part IV Global Energy and Development 225 14 Energy Access and Development 227 Subhes C. Bhattacharyya 15 Resource Governance 244 Andrew Bauer and Juan Carlos Quiroz 16 The “Food Versus Fuel” Nexus 265 Robert Bailey 17 Energy Efficiency: Technology, Behavior, and Development 282 Joyashree Roy, Shyamasree Dasgupta, and Debalina Chakravarty Part V Global Energy and Sustainability 303 18 Regulation, Economic Instruments, and Sustainable Energy 305 Neil Gunningham 19 The Role of Regulation in Integrating Renewable Energy: The EU Electricity Sector 322 Jaap Jansen and Adriaan van der Welle 20 Global Climate Governance and Energy Choices 340 Fariborz Zelli, Philipp Pattberg, Hannes Stephan, and Harro van Asselt 21 The Growing Importance of Carbon Pricing in Energy Markets 358 Christian Egenhofer 22 The Influence of Energy Policy on Strategic Choices for Renewable Energy Investment 373 Rolf Wu¨ stenhagen and Emanuela Menichetti Part VI Regional Perspectives on Global Energy 389 23 Global Energy Policy: A View from China 391 Alvin Lin, Fuqiang Yang, and Jason Portner 24 Dismounting the Subsidy Tiger: A Case Study of India’s Fuel Pricing Policies 407 Sudha Mahalingam 25 The EU’s Global Climate and Energy Policies: Gathering or Losing Momentum? 421 Richard Youngs 26 Energy Governance in the United States 435 Benjamin K. Sovacool and Roman Sidortsov 27 Global Energy Policy: A View From Brazil 457 Suani T. Coelho and Jos´e Goldemberg 28 Global Oil Market Developments and Their Consequences for Russia 477 Andrey A. Konoplyanik 29 Nigeria: Policy Incoherence and the Challenge of Energy Security 501 Ike Okonta Conclusion: Global Energy Policy: Findings and New Research Agendas 521 Andreas Goldthau Index 525

Andreas Goldthau is Associate Professor and Head of the Department of Public Policy at Central European University, Budapest. He is also an Adjunct Professor with Johns Hopkins’ MSc in Energy Policy and Climate and a Fellow with the Global Energy Governance program of Global Public Policy Institute. He is the co–editor of Dynamics of Energy Governance in Europe and Russia (with Kuzemko, Belyi & Keating, 2012) and Global Energy Governance: The New Rules of the Game (with Witte, 2010), as well as co–author of Imported Oil and U.S. National Security (with Crane, Toman, Light & Johnson, 2009) and OPEC (with Witte, 2009).