Exploring the intersections between International Political Economy (IPE) and global public policy (GPP) in energy scholarship, this chapter argues that contemporary dynamics pertaining to global energy trade and security present a challenge for GPP and IPE. On the one hand, the GPP analysis of energy will need to take account of the IPE debates about geopolitics and power. IPE, in turn, is called to revisit the importance of public goods aspects such as transparency for analyses of global energy trade. The chapter identifies five themes in which it is imperative for IPE and GPP analyses to advance mutual scholarly recognition: the commercialisation of shale oil and gas; its consequence for state-level or international regulation and intervention in oil and gas markets; debates on whether the increased focus on security of supply in the USA, the EU and China (and security of demand in Russia) merits new national policies and international regimes; the kind of global rules that might be viable given the new constellations of power in the world of energy; and what kind of actors shape the future of the energy world.
Caroline Kuzemko, Michael F. Keating and Andreas Goldthau
This chapter makes the case for nexus thinking in the study of the international political economy of energy and resources, that is their inter-dependencies with other policy areas. It argues that it is imperative to go beyond an IPE of ‘just energy’ – rather than treating it as truly ‘discrete’ – to understand energy and resources as part of dynamic inter-relationship with other issue areas. In addition to the ones related to climate change, security and development, nexuses as identified in the chapter include the energy–technology nexus, the energy–water nexus, the energy–food nexus, or the global–local nexus in energy, all of which are increasingly identified within some global and national governance organisations and within recent scholarship. The chapter suggests that from a scholarly point of view this establishes energy as a highly complex, interconnected policy area – both in terms of how energy markets and technical regimes are constituted, their implications for other issue areas, and in terms of the extent to which governance institutions are being designed that stretch across these issue areas. Moreover, the chapter makes the case for the ‘IPE toolkit’ being well equipped to capture energy nexuses in their various forms and shapes. Finally, the chapter lays out the structure and the content of the Handbook.