Abstract

AbstractOver the past few years, global energy governance (GEG) has emerged as a major new field of enquiry in international studies. Scholars engaged in this field seek to understand how the energy sector is governed at the global level, by whom and with what consequences. By focusing on governance, they broaden and enrich the geopolitical and hard-nosed security perspectives that have long been, and still are, the dominant perspectives through which energy is analysed. Though still a nascent field, the literature on GEG is thriving and continues to attract the attention of a growing number of researchers. This article reviews the GEG literature as it has developed over the past 10 years. Our aim is to highlight both the progress and limitations of the field, and to identify some opportunities for future research. The article proceeds as follows. First, it traces the origins of the GEG literature (section “Origins and roots of GEG research”). The subsequent sections deal with the two topics that have received the most attention in the GEG literature: Why does energy need global governance (section “The goals and rationale of global energy governance”)? And, who governs energy (section “Mapping the global energy architecture”)? We then address a third question that has received far less attention: How well or poor is energy governed (section “Evaluating global energy governance”)? In our conclusions (section “Conclusions and outlook”), we reflect on the current state of GEG, review recent trends and innovations, and identify some questions that warrant future consideration by scholars. This article is published as part of a thematic collection on global governance.

Highlights

  • Over the past few years, global energy governance (GEG) has emerged as a major new field of enquiry in international studies

  • The first was a research project entitled “Changing Rules of the Game: Global Energy Governance in the 21st Century”, which ran from January 2008 to December 2009 at the Global Public Policy Institute, an independent think tank based in Berlin

  • Most of the literature on OPEC has tried to model its behaviour as a would-be commodity cartel, and tried to examine the influence of the organization on world oil prices. While this literature is marked by a lot of disagreement, recent research demonstrates that OPEC members cheat on their agreed production quotas most of the time and that the organization does not have the capacity at all to set world oil prices, this belief persists as a “rational myth” (Colgan, 2014)

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Summary

Security of energy supply and demand

Managing petroleum reserves to buffer energy shocks (for example, coordinating releases from the IEA member states’ strategic petroleum reserves). Addressing pipeline politics and transit route disputes (for example, Russia–Ukraine gas disputes) Managing long-term investment issues

Economic development
International security
Domestic good governance
Objective
Findings
Conclusions and outlook
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