Week 6 Flashcards

(20 cards)

1
Q

Rentier state

A

a state that relies heavily on income from the export of natural resources, especially oil and gas

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Aim OPEC

A

To reduce dependence on the international oil companies by discussing royalties and tax question, not as a cartel to set prices and quotas

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Purpose OAPEC

A

To prevent Arab oil from reaching any country that was supporting Israel.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Two principal functions IEA

A
  1. To maintain and improve systems for coping with oil supply disruption.
  2. To act as a body for the development of policy, information sharing and technology transfer
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Forms transnational energy governance

A
  • Structured as public-private partnerships
  • Private regimes
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Global energy governance

A

the process of making and enforcing rules to avoid the collective action problems related to energy at a scale beyond the nation state

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Why is it necessary to govern energy globally?

A
  • 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.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What is to be governed in global energy?

A
  • Ensuring energy security
  • Combating energy poverty
  • Addressing environmental externalities
  • Managing domestic good governance
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

(neo) Malthusian

A

focus on conflict, how geographic factors interact with international relations; the politics of control over natural resources and the political intentions behind it.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Neo liberals

A

Focusing on markets and institutions

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Market liberalists

A
  • Prioritizes economic affordability
  • Underlying values and goals: welfare and freedom
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Neo-mercantilists

A
  • Prioritizes geopolitical availability
  • Underlying values and goals: political interdependence and territorial integrity
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Environmentalists

A
  • Prioritizes environmental sustainability
  • Underlying values and goals: respect for nature
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Social greens

A
  • Prioritizes social acceptability
  • Underlying values and goals: equity and justice
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What are the three competing goals in the energy trilemma

A
  1. Energy Security: Reliable supply.
  2. Energy Equity: Accessibility/affordability.
  3. Environmental Sustainability: Low-carbon transition.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What are the key gaps in global energy governance

A
  • Energy equity
  • Fragmentation
  • Sovereignty paradox
17
Q

What is the central issue in global energy governance according to the authors?

A

Fragmentation and incoherence

18
Q

What are the four types of global energy governance institutions analyzed?

A
  1. IGO’s
  2. Summit processes
  3. Multilateral Development Banks
  4. Hybrid networks
19
Q

What are the strengths and weaknesses of the IEA?

A

Strengths: Oil emergency coordination, authoritative energy data.
Weaknesses: Limited to OECD members (excludes China/India), reactive rather than proactive.

20
Q

What solutions do the authors propose on the challenges facing global energy governance

A
  • Collaboration
  • Diverse tools (leverage IGO’s, summits, MDB’s)
  • Inclusivity (expand membership)