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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.
There are few existential challenges more serious in the twenty first century than energy transition. As current trends in energy production prove unsustainable for the environment, energy security, and economic development, innovation becomes imperative. Yet, with technological challenges, come legal challenges. Zillman, Godden, Paddock, and Roggenkamp assemble a team of experts in their field to debate how the law may have to adapt to changes in the area. What regulatory approach should be used? How do we deal with longer-term investment horizons and so called 'stranded assets' such as coal-fired power stations? And can a form of energy justice be achieved which encompasses human rights, sustainable development goals, and the eradication of energy poverty? With a concept as unwieldy as energy innovation, it is high time for a text tackling changes which are dynamic and diverse across different communities, and which provides a thorough examination of the legal ramifications of the most recent technological changes. This book which be of vital importance to lawyers, policy-makers, economists, and the general reader.
The world is currently undergoing an historic energy transition, driven by increasingly stringent decarbonisation policies and rapid advances in low-carbon technologies. The large-scale shift to low-carbon energy is disrupting the global energy system, impacting whole economies, and changing the political dynamics within and between countries. This open access book, written by leading energy scholars, examines the economic and geopolitical implications of the global energy transition, from both regional and thematic perspectives. The first part of the book addresses the geopolitical implications in the world’s main energy-producing and energy-consuming regions, while the second presents in-depth case studies on selected issues, ranging from the geopolitics of renewable energy, to the mineral foundations of the global energy transformation, to governance issues in connection with the changing global energy order. Given its scope, the book will appeal to researchers in energy, climate change and international relations, as well as to professionals working in the energy industry.
Energy markets are already undergoing considerable transitions to accommodate new (renewable) energy forms, new (decentral) energy players, and new system requirements, e.g. flexibility and resilience. Traditional energy markets for fossil fuels are therefore under pressure, while not-yet-mature (renewable) energy markets are emerging. As a consequence, investments in large-scale and capital intensive (traditional) energy production projects are surrounded by high uncertainty, and are difficult to hedge by private entities. Traditional energy production companies are transforming into energy service suppliers and companies aggregating numerous potential market players are emerging, while regulation and system management are playing an increasing role. To address these increasing uncertainties and complexities, economic analysis, forecasting, modeling and investment assessment require fresh approaches and views. Novel research is thus required to simulate multiple actor interplays and idiosyncratic behavior. The required approaches cannot deal only with energy supply, but need to include active demand and cover systemic aspects. Energy market transitions challenge policy-making. Market coordination failure, the removal of barriers hindering restructuring and the combination of market signals with command-and-control policy measures are some of the new aims of policies. The aim of this Special Issue is to collect research papers that address the above issues using novel methods from any adequate perspective, including economic analysis, modeling of systems, behavioral forecasting, and policy assessment. The issue will include, but is not be limited to: Local control schemes and algorithms for distributed generation systems Centralized and decentralized sustainable energy management strategies Communication architectures, protocols and properties of practical applications Topologies of distributed generation systems improving flexibility, efficiency and power quality Practical issues in the control design and implementation of distributed generation systems Energy transition studies for optimized pathway options aiming for high levels of sustainability
This book examines energy transition issues within the Central and Eastern European (CEE) region. The European Union is aiming for an almost complete decarbonization of its energy sector by 2050. However, the path towards a carbon-free economy is full of challenges that must be solved by individual EU members. Across 18 chapters, leading researchers explore challenges related to energy transition and analyse individual EU members from Central and Eastern Europe, as well as the region as a whole. To further explore this complex issue, the volume also includes several countries from South East Europe in its analysis. As perspective members, these countries will be important contributors to the EU’s mid- and long-term climate and energy goals. The focus on a variety of issues connected to energy transition and systematic analyses of the different CEE countries make it an ideal reference for anyone with a general interest in the region or European energy transition. It will also be a useful resource for students looking for an accessible overview of the field.
This book opens up a critical dimension of energy transition taking in account multidimensional challenges on economic, social and environmental fields. The book discusses the trends in the field of energy transition and evolving practices adopted by public authorities and companies for betterment of environment and society. The editors (4) identify directions and challenges involved in the energy transition. The novelty of this book is the multidisciplinary approach, being presented the economic, social and environmental challenges involved in the energy transition. The energy transition is accompanied by a complex process of changing attitudes and behaviors of energy consumers and producers. The consequences are profound not only economically and environmentally but also socially, renewable energy being a solution for energy poverty reduction and development of rural communities. Therefore, certain social and environmental problems generated by energy poverty are solved by using renewable energy. Moreover, the complexity of the phenomenon is presented not only in terms of the analysis of the main sources of renewable energy but also the ethical aspects involved in the use of sources such as biofuels. In the case of this source, the main problem is whether the use of certain agricultural products for the production of biofuels threatens food security, especially in rural areas. All categories of stakeholders must show responsibility and get involved in this complex process which requires a remarkable technical and financial effort. The energy transition can offer innovative solutions through which the impact of economic activity on the environment is minimized, and in this way, industrial ecology achieves its objectives to support sustainable development. The demands imposed by industrial ecology must shape not only the behavior of oil and gas companies but also of entities involved in the production and consumption of renewable energy. Given the negative externalities generated, companies in the fossil fuel sector have become increasingly socially responsible, their social and environmental performance (non-financial) being presented in detail in the annual sustainability reports to inform stakeholders. Therefore, this book is an important read not only for scholars, but also for those who are interested in ensuring an environmentally sustainable future taking in account energy transition challenges.
This bold and controversial argument shows why energy transitions are inherently complex and prolonged affairs, and how ignoring this fact raises unrealistic expectations that the United States and other global economies can be weaned quickly from a primary dependency on fossil fuels. Energy transitions are fundamental processes behind the evolution of human societies: they both drive and are driven by technical, economic, and social changes. In a bold and provocative argument, Energy Transitions: History, Requirements, Prospects describes the history of modern society's dependence on fossil fuels and the prospects for the transition to a nonfossil world. Vaclav Smil, who has published more on various aspects of energy than any working scientist, makes it clear that this transition will not be accomplished easily, and that it cannot be accomplished within the timetables established by the Obama administration. The book begins with a survey of the basic properties of modern energy systems. It then offers detailed explanations of universal patterns of energy transitions, the peculiarities of changing energy use in the world's leading economies, and the coming shifts from fossil fuels to renewable conversions. Specific cases of these transitions are analyzed for eight of the world's leading energy consumers. The author closes with perspectives on the nature and pace of the coming energy transition to renewable conversions.
This book explores how, in the wake of the Anthropocene, the growing call for urgent decarbonisation and accelerated energy transitions might have unintended consequences for energy poverty, justice and democracy, especially in the global South. Dilemmas of Energy Transitions in the Global South brings together theoretical and empirical contributions focused on rethinking energy transitions conceptually from and for the global South, and highlights issues of justice and inclusivity. It argues that while urgency is critical for energy transitions in a climate-changed world, we must be wary of conflating goals and processes, and enquire what urgency means for due process. Drawing from a range of authors with expertise spanning environmental justice, design theory, ethics of technology, conflict and gender, it examines case studies from countries including Bolivia, Sri Lanka, India, The Gambia and Lebanon in order to expand our understanding of what energy transitions are, and how just energy transitions can be done in different parts of the world. Overall, driven by a postcolonial and decolonial sensibility, this book brings to the fore new concepts and ideas to help balance the demands of justice and urgency, to flag relevant but often overlooked issues, and to provide new pathways forward. This volume will be of great interest to students and scholars of energy transitions, environmental justice, climate change and developing countries. The Open Access version of this book, available at https://www.taylorfrancis.com/books/oa-edit/10.4324/9781003052821 has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.
Against the backdrop of rapid advances in the energy sector, this book provides a concise overview of the complex challenges in the energy paradigm today, which revolve around the seemingly unsolvable energy equation. The author, an experienced energy professional, combines the various aspects of the energy transition into a single perspective. While highlighting a number of salient problems, he also explores grounds for optimism that these challenges can and will be met. After establishing the historical context, the book presents an analysis of today’s energy industry, different energy sources, countries and determinants of energy demand, supplementing all sections with a wealth of global and local data. It subsequently proposes measures to solve the energy equation and a roadmap for a sustainable future, based on more efficient energy use, cleaner energy production and advanced technologies.