Energy Regionalism: The intersection of resources, regions, and energy
Energy regionalism: The intersection of resources, regions, and energy
Authored by Dr Kathleen J. Hancock
This brief argues that regional governance, rather than global or national initiatives, is at the forefront of solving many of our energy security challenges, defined in terms of four concepts: energy availability, reliability, affordability and sustainability. While the UN and World Bank, along with the Organization for Petroleum Exporting Countries (OPEC) for petroleum exporters and the International Energy Agency (IEA) for capitalist democracies who are net petroleum importers, have a role in global energy governance, to varying degrees of success, regional organizations have been much more involved in both developing and developed states than is commonly recognized and hold the promise of even more accomplishments.
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