This timely collection of essays examines the legal and regulatory dynamics of energy transitions in the context of emerging trends towards decarbonisation and increase in low-carbon energy solutions globally. The book explores this topic by considering the applicable energy law and policy frameworks in both:
(i) highly industrialised and major economies such as the US, EU, China and Australia;
(ii) resource-rich developing countries such as Nigeria and regions like Southern Africa.
Comprising 16 chapters, the book delves into the trade-offs and regulatory complexities of carbon-constraints in conventional energy supply systems, while maintaining a reliable and secure energy system that is equally sustainable (ie decarbonised). It highlights the importance of ensuring affordable access to energy services in developing economies as the energy transitions unfold and explores the potentials of emerging technologies such as power-to-gas and Carbon Capture and Storage. Additionally, the book also considers the international investment law implications of energy decarbonisation.
Focussing on the nexus between law, regulation and institutions, it adopts a novel contextual approach to examine how and to what extent institutions can effectively facilitate more reliable, sustainable and secure energy supply systems in the 21st Century. In a unique, holistic way, the book portrays the conventional hydrocarbon-based energy supply industry in a largely international and interconnected context. It highlights the costs, benefits and losses that may arise as the transition towards decarbonisation unfolds depending on the pathways and solutions adopted.
With chapters written by leading experts in energy law and policy, the reader-friendly style and engaging discussions will benefit an international audience of policymakers, academics, students and advisers looking for a more incisive understanding of the issues involved in energy transitions and decarbonisation of energy systems.