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Karl Polanyi’s The Great Transformation is generally acclaimed as being among the most influential works of economic history in the twentieth century, and remains as vital in the current historical conjuncture as it was in his own. In its critique of nineteenth-century ‘market fundamentalism’ it reads as a warning to our own neoliberal age, and is widely touted as a prophetic guidebook for those who aspire to understand the causes and dynamics of global economic turbulence at the end of the 2000s. Karl Polanyi: The Limits of the Market is the first comprehensive introduction to Polanyi’s ideas and legacy. It assesses not only the texts for which he is famous – prepared during his spells in American academia – but also his journalistic articles written in his first exile in Vienna, and lectures and pamphlets from his second exile, in Britain. It provides a detailed critical analysis of The Great Transformation, but also surveys Polanyi’s seminal writings in economic anthropology, the economic history of ancient and archaic societies, and political and economic theory. Its primary source base includes interviews with Polanyi’s daughter, Kari Polanyi-Levitt, as well as the entire compass of his own published and unpublished writings in English and German. This engaging and accessible introduction to Polanyi’s thinking will appeal to students and scholars across the social sciences, providing a refreshing perspective on the roots of our current economic crisis.
This Handbook provides the most comprehensive account of energy governance in Europe, examining both energy governance at the European level and the development of energy policy in 30 European countries. Authored by leading scholars, the first part of the book offers a broad overview of the topics of energy research, including theories of energy transitions, strategies and norms of energy policy, governance instruments in the field, and challenges of energy governance. In the second part, it examines the internal and external dimensions of energy governance in the European Union. The third part presents in-depth country studies, which investigate national trajectories of energy policy, including an analysis of the policy instruments and coordination mechanisms for energy transitions. It closes with a comparative analysis of national energy governance. This book is a definitive resource for scholars in energy and climate research as well as decision makers in national governments and EU institutions.
The Government must start thinking strategically about energy security to protect the UK's energy supply against short-term shocks and rising global energy prices, according to a report by MPs on the Energy and Climate Change Committee. Gas storage capacity needs to be increased in the UK to minimise the potential damage from supply interruptions or price spikes, the report argues. It reveals that the UK's current storage capacity amounts to only 14 days worth of gas supply - a dangerously low level compared with France which has 87 days worth of gas storage, Germany 69 and Italy 59. 19 gigawatts (GW) of ageing electricity plant will close by 2018 and the UK will become increasingly reliant on energy imports as North Sea oil and gas reserves decline. The report concludes that new electricity generation currently being built or planned will fill this "gap". But it urges the Government to ensure security of supply by delivering on its energy efficiency targets, rolling out smart meters - that can balance demand - and maintaining a diverse energy mix.
The contributors investigate policy paradigms and their ability to explain the policy process actors, ideas, discourses and strategies employed to provide readers with a better understanding of public policy and its dynamics.
The Routledge Handbook of Energy in Asia presents a comprehensive review of the unprecedented growth of Asian energy over the past quarter of a century. It provides insightful analysis into variation across the continent, whilst highlighting areas of cross-learning and regional cooperation between the developed and developing countries of Asia. Prepared by a team of leading international experts, this book not only captures the East Asian domination, particularly that of China, but also highlights the growing influence of South Asia and the ASEAN. Organised into four parts, the sections include: the demand for energy in the region and its main drivers at the sector level; developments in energy supply, including fossil fuels and renewable energy sources; energy policies and issues such as sector reform and climate change; the transition to a low carbon pathway. This handbook offers a complete picture of Asian energy, covering supply and demand, as well as contemporary challenges in the sector. As such, it is a valuable resource for students and scholars of energy policy, Environmental Studies, and Asian Studies.
This volume looks at the privatisation and liberalisation of the UK's energy industries. It exposes why market fundamentalism has been controversial for the UK's oil, gas, coal, and electricity industries, and asks if UK liberalised energy industries and markets are equipped to deal with current and future challenges.
Get the latest on rapidly evolving global electricity markets direct from the scholars andthought leaders who are shaping reform. In this volume, dozens of world-class expertsfrom diverse regions provide a comprehensive assessment of the relevant issues intoday's electricity markets. Amid a seething backdrop of rising energy prices, concerns about environmentaldegradation, and the introduction of distributed sources and smart grids, increasinglystringent demands are being placed on the electric power sector to provide a morereliable, efficient delivery infrastructure, and more rational, cost-reflective prices. Thisbook maps out the electric industry's new paradigms, challenges and approaches,providing invaluable global perspective on this host of new and pressing issues beinginvestigated by research institutions worldwide. Companies engaged in the powersector's extensive value chain including utilities, generation, transmission & distributioncompanies, retailers, suppliers, regulators, market designers, and the investment &financial rating community will benefit from gaining a more nuanced understanding ofthe impacts of key market design and restructuring choices. How can problems beavoided? Why do some restructured markets appear to function better than others?Which technological implementations represent the best investments? Whichregulatory mechanisms will best support these new technologies? What lessons canbe learned from experiences in Norway, Australia, Texas, or the U.K.? Thesequestions and many more are undertaken by the brightest minds in the industry in thisone comprehensive, cutting-edge resource. - Features a unique global perspective from more than 40 recognized experts and scholars around the world, offering opportunities to compare and contrast a wide range of market structures - Analyzes how the implementation of existing and developing market designs impacts real-world issues such as pricing and reliability - Explains the latest thinking on timely issues such as current market reform proposals, restructuring, liberalization, privatization, capacity and energy markets, distributed and renewable energy integration, competitive generation and retail markets, and disaggregated vs. vertically integrated systems
Researchers and practitioners explore the effect of evolving global economic and political powers on energy security within the UK and puts forward practical options for moving towards a more energy secure system over both the short and long terms.
Challenged by sustainability imperatives, the world faces a transition in how it uses and produces energy. Yet, despite the indisputable interdependence between energy and the environment, law in these two areas has developed separately, with little consideration for how the logic and aims of each might be reconciled. This innovative book addresses this crucial nexus, exploring the role that law must inevitably play as the effects of fossil fuel–induced climate change continue to radically affect every aspect of life on Earth. Focusing on the emerging concept of reflexive regulation, the analysis takes giant steps in paving the way for effective legal engagement in the energy transition process. Issues and topics explored in detail include the following: energy’s distinctive characteristic as an economic activity that works in a chain; relation of physical aspects of energy to its legal and social dimensions; main aspects of regulation, environmental law and the concept of sustainability; specific security of supply challenges faced by the industry; and emergence and worldwide adoption of the environmental impact assessment as a procedural mechanism and its connection with Reflexive Regulation. The author supports her arguments with detailed and critical examination of the regulation theoretical framework and includes citations of case law, rules and regulations from diverse jurisdictions. A case study on the development of the Brazilian electricity sector – an exemplary case, considering the country’s abundance of natural energy resources, industrial efficiency prerogatives, regulatory incentives to ensure investment in supply expansion, and increasing demands in meeting sustainability objectives, all as highlighted by ongoing litigation – illustrates the arguments put forward. This book makes a substantial contribution to developing a framework aimed at linking potential divergent policy objectives in diverse and distinct interdependent fields. It will be welcomed by energy and environmental lawyers and policy makers, as well as by economists, scholars and other professionals concerned with the meaning of law and regulation in relation to energy, the environment and development, and the possible roles law and regulation may play in a pressing scenario of change.
​“A novel, insightful and provocative foray into the abilities, capacities and limits of corporate power on the one hand and public power and capacities on the other hand. Eckert offers new and refine insights on core issues in the theories of public and private interest regulation.”—David Levi Faur, Hebrew University of Jerusalem, Israel “This impressive book breaks important ground in the regulatory governance literature by bringing in a fresh corporate perspective. Based on a set of fascinating case studies of European regulation, Eckert compellingly unpacks key facets of corporate power. A must-read for regulation scholars who often neglect the targets of regulation!”—Burkard Eberlein, York University, Canada “This book offers systematic and empirically fascinating insights into the regulatory power of corporations which unfolds outside the traditional political arenas. Its policy effects have important implications for the target groups of regulation, the general public, and the democratic political process as such. The conceptualization and use of rich empirical sources make for a compelling read.”—Adrienne Héritier, European University Institute, Italy This book takes a fresh look at corporate power in the regulatory process. It examines how corporations seek to prevent, shape, make or revoke regulation. The central argument is that in doing so, corporations utilise distinct power resources as experts, innovators and operators. By re-emphasising the proactive role of business, the book complements our acquired knowledge of policymakers’ capacity to put pressure on, or delegate power to private actors. Empirically, the book covers European consumer and environmental policies, and conducts case studies on the chemical, paper, home appliance, ICT and electricity industries. A separate chapter is dedicated to the assumption that Brexit will lead to an unprecedented result of EU regulation being lifted, and how this could put corporate power in regulation at risk. This book provides a new perspective on the policy implications of corporate power to scholars, students and practitioners alike.