The Evolution of Global Energy Governance: Scenario Analysis with a Focus on the G20

Abstract

This study addresses global energy governance and its future evolution. Whilegovernance plays an essential role in securing the sustainability of energyand the environment, the current global energy governance has limitations:fragmentation and failure to reflect changes in the global energy landscape.This study provides future scenarios on how global energy governance willevolve, focusing on the G20. Then, each scenario is presented with itsstrengths, weaknesses, opportunities, and threats. The G20 has promotedglobal energy cooperation to address challenges such as the energy trilemmasince 2009 and is increasing its contribution as one of the most influentialplatforms for energy cooperation. Until now, the G20 has positioned itselfbetween a symbolic and substantial platform. Nevertheless, this group willincrease its influences on global energy governance and its contribution toglobal energy cooperation.