Regional and International Perspectives
Chapter 4: Unconventional fossil fuel sources and EU energy security
ExtractChapter 4 examines the system of law and governance of international trade in unconventional energy sources. Currently, there is no cohesive governance for global energy trade. On the contrary, governance of energy trade mainly arises by default, rather than design, through the ad hoc interplay of different aspects of the international economic and political system. This has implications for the European Union (EU), which relies heavily on the rest of the world for its energy supply, and consequently its energy security. The chapter provides some background to EU energy policy; it then explains the current revolution in unconventional sources of fossil fuel and how it may geopolitically impact the EU. The last section concludes the chapter and provides some policy recommendations.
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