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In the search for explanations for three of the most pressing crises of the early twenty-first century (the housing meltdown and financial crisis, the Gulf oil spill, and the nuclear disaster at Fukushima), commentators pointed to the structure of the regulatory agencies charged with overseeing the associated industries, noting that the need to balance competing regulatory and non-regulatory missions undermined each agency's ability to be an effective regulator. Christopher Carrigan challenges this critique by employing a diverse set of research methods, including a statistical analysis, an in-depth case study of US regulatory oversight of offshore oil and gas development leading up to the Gulf oil spill, and a formal theoretical discussion, to systematically evaluate the benefits and concerns associated with either combining or separating regulatory and non-regulatory missions. His analysis demonstrates for policymakers and scholars why assigning competing non-regulatory missions to regulatory agencies can still be better than separating them in some cases.
The report discusses the linkages between energy and economic, social, environmental, and security issues, and analyses the contradictions between current patterns of use and objectives in these areas. The WEA also reviews energy resources and technology options from the point of view of sustainability including better end-use efficiency, greater reliance on renewable sources of energy, and next-generation nuclear and fossil-fuel technologies. Further, the report examines plausible scenarios for combining various options to achieve a sustainable and relatively prosperous future. The report concludes by examining policy options for producing and using energy in ways that are compatible with sustainable development.
In this book, compelling case studies show how past crises have reshaped regulation, and how policy-makers can learn from crises in the future.