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Environmental Economics

The Political Economy of Renewable Energy and Energy by E. Moe, P. Midford

By E. Moe, P. Midford

Bringing jointly renewable power and effort safety, this booklet covers either the politics and political economic system of renewables and effort safety and analyzes renewable applied sciences in different and hugely topical nations: Japan, China and northerly Europe.

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Additional info for The Political Economy of Renewable Energy and Energy Security: Common Challenges and National Responses in Japan, China and Northern Europe

Example text

By 2011, the relationships among geology, engineering, demand, and interest assertion had pushed the combustion of coal, oil, and natural gas to account for 87 percent of the world’s energy consumption. In the process, fossil fuels strongly contributed to the unprecedented growth of the world economy in the past century, and unintentionally became the main ingredient of human-induced climate change (BP, 2012; IPCC, 2011; Klare, 2008; WEF, 2013; Yergin, 2011). 5 times while hydro increased by a modest 25 percent, and nuclear did not grow at all (BP, 2012).

By now several factors have been identified as to why energy commodities such as oil and gas are sought-for and contested resources: ● ● ● Energy is a strategic resource with a cumulative character that makes energy convertible into other sought-for resources and policy goals (Dahl, 1976; Van Evera, 1999). Energy prices have in the longer haul soared due to scarcity resulting from economic growth – demand outstripping availability (IEA, 2006; Klare, 2009; Zittel and Schindler, 2007). The successful management of the global economic and financial system will stimulate the continuation of such a trend.

The successful management of the global economic and financial system will stimulate the continuation of such a trend. There are patterns of territorial disparity between the main poles of oil consumption and the main areas of reserves and production that make both energy-importing and energy-exporting countries vulnerable to relationships of ‘asymmetrical interdependence’. This is the geopolitical dimension of the international political economy of oil. Add to these energy-specific structural ingredients the political realist notion that international politics is a struggle for power and survival among states that are prisoners of an unregulated and risky world order (Mearsheimer, 2001; Waltz, 1979), and several conditions for inter-state energy rivalry and armed conflict for the control of energy resources are met.

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