Week 6 Flashcards
(20 cards)
Rentier state
a state that relies heavily on income from the export of natural resources, especially oil and gas
Aim OPEC
To reduce dependence on the international oil companies by discussing royalties and tax question, not as a cartel to set prices and quotas
Purpose OAPEC
To prevent Arab oil from reaching any country that was supporting Israel.
Two principal functions IEA
- To maintain and improve systems for coping with oil supply disruption.
- To act as a body for the development of policy, information sharing and technology transfer
Forms transnational energy governance
- Structured as public-private partnerships
- Private regimes
Global energy governance
the process of making and enforcing rules to avoid the collective action problems related to energy at a scale beyond the nation state
Why is it necessary to govern energy globally?
- Challenges that are transboundary in many ways.
- Insufficient governance at the local or national level.
- Consider the international trade in oil
- All countries that import or export oil are linked to it
- Since the oil markets operate as a global system, no country can escape the pressures and vagaries of oil price fluctuations, which have become more pronounced in recent years.
What is to be governed in global energy?
- Ensuring energy security
- Combating energy poverty
- Addressing environmental externalities
- Managing domestic good governance
(neo) Malthusian
focus on conflict, how geographic factors interact with international relations; the politics of control over natural resources and the political intentions behind it.
Neo liberals
Focusing on markets and institutions
Market liberalists
- Prioritizes economic affordability
- Underlying values and goals: welfare and freedom
Neo-mercantilists
- Prioritizes geopolitical availability
- Underlying values and goals: political interdependence and territorial integrity
Environmentalists
- Prioritizes environmental sustainability
- Underlying values and goals: respect for nature
Social greens
- Prioritizes social acceptability
- Underlying values and goals: equity and justice
What are the three competing goals in the energy trilemma
- Energy Security: Reliable supply.
- Energy Equity: Accessibility/affordability.
- Environmental Sustainability: Low-carbon transition.
What are the key gaps in global energy governance
- Energy equity
- Fragmentation
- Sovereignty paradox
What is the central issue in global energy governance according to the authors?
Fragmentation and incoherence
What are the four types of global energy governance institutions analyzed?
- IGO’s
- Summit processes
- Multilateral Development Banks
- Hybrid networks
What are the strengths and weaknesses of the IEA?
Strengths: Oil emergency coordination, authoritative energy data.
Weaknesses: Limited to OECD members (excludes China/India), reactive rather than proactive.
What solutions do the authors propose on the challenges facing global energy governance
- Collaboration
- Diverse tools (leverage IGO’s, summits, MDB’s)
- Inclusivity (expand membership)