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Guaranteeing energy security is one of the most complex challenges
of energy law and policy. Energy insecurity threatens economic
development, social peace and stability. This book focuses on
energy security in the strategically important region of Central
Asia. The region holds huge energy reserves, but its energy systems
are highly inefficient and unreliable, and thus require urgent
reform. However, endemic corruption, discrimination and the strong
centralization of power have so far blocked initiatives to
reorganize energy supply. The case of Central Asia is uniquely
relevant for understanding the informal constraints on energy law
and policy. In addition, Central Asian energy insecurity
illustrates the impact of geopolitics on the regulation of energy
markets. The region is strategically located in Russia's sphere of
influence and along China's New Silk Road. Its energy situation
highlights the complex interactions amongst energy law, geopolitics
and institutions.
Guaranteeing energy security is one of the most complex challenges
of energy law and policy. Energy insecurity threatens economic
development, social peace and stability. This book focuses on
energy security in the strategically important region of Central
Asia. The region holds huge energy reserves, but its energy systems
are highly inefficient and unreliable, and thus require urgent
reform. However, endemic corruption, discrimination and the strong
centralization of power have so far blocked initiatives to
reorganize energy supply. The case of Central Asia is uniquely
relevant for understanding the informal constraints on energy law
and policy. In addition, Central Asian energy insecurity
illustrates the impact of geopolitics on the regulation of energy
markets. The region is strategically located in Russia's sphere of
influence and along China's New Silk Road. Its energy situation
highlights the complex interactions amongst energy law, geopolitics
and institutions.
Russia's 2022 invasion of Ukraine administered an unprecedented
shock to the European and global energy markets, triggering
emergency interventions and market reforms to limit the impact of
the crisis on energy prices and supply security. More
fundamentally, the supply shock sparked a profound reappraisal of
foreign supply and infrastructure dependencies (e.g. on China),
leading states to adopt new legal initiatives to strengthen the
resilience of their clean energy supply chains. Energy geopolitics
and supply security are now firmly back at the centre of global
energy policy, and in this new geopolitical reality, we critically
need to reassess the role of energy law in the creation - and
avoidance - of dangerous energy dependencies. Using the 2022 energy
crisis as core example, Energy Dependence and Supply Security
offers a legal analysis of energy trade and investment as a tool of
geopolitical power, an issue seldom considered outside of economic
statecraft and energy geopolitics. Anatole Boute's timely analysis
illustrates the paradox of energy law and security: legal
instruments of energy security have helped create the supply and
infrastructure dependencies that allowed for the weaponization of
energy. The book examines the legal responses adopted by the
European Union to the impact of the Russian energy shock,
reflecting on strategies to avoid similar disruptions in the clean
energy industry. In return, it proposes innovative supply security
reforms that would allow dependencies to be managed, while still
preserving the international collaboration that is needed to
accelerate the transition to clean, affordable, and secure energy
systems.
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