Global Experiences and the Korean Perspective
- KDI/EWC series on Economic Policy
Edited by Chin Hee Hahn, Sang-Hyop Lee and Kyoung-Soo Yoon
Chapter 4: Energy and Climate Change Policy: Perspectives from the International Energy Agency
4. Energy and climate change policy: perspectives from the International Energy Agency Richard A. Bradley INTRODUCTION Balancing energy security with economic and climate change goals is one of the most difficult policy challenges facing member governments of the International Energy Agency (IEA). It is a challenge under normal circumstances; it seems nearly unachievable in the face of climate change. Emissions and concentrations are rising, impacts are already observable and ultimately may be quite significant, political consensus is elusive, and yet the policy action commensurate with the threat is urgent. The key features of the policy challenge are the slow rate of capital stock turnover in the energy consuming and supply sector and the unprecedented geographic and economic sources of the emissions, which require both international and domestic policy formulation. Accordingly, climate change mitigation policy will be unique in its complexity, requiring a package of different measures—just as there is no technological silver bullet, there is no policy silver bullet—and the creation of new institutional forms. No historic model exists to guide such complex policy formulation. This unprecedented global commons problem inspires no shortage of proposals for grand solutions, but the urgency for considerable action, along with the limits of governments to find the ideal within the complexity, argues for practical next steps. This chapter describes the key features of the mitigation challenge, and suggests some priorities for near-term response. THE NATURE OF THE CHALLENGE Climate change is a particularly difficult public-policy challenge because of inertia, both in the...
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.