The Global Energy Transition

Global energy is on the cusp of change, and it has become almost a truism that energy is in transition. But what does this notion mean exactly? This book explores the working hypothesis that, characteristically, the energy system requires a strategy of the international community of states to deliver sustainable energy to which all have access. This strategy is for establishing rules-based governance of the global energy value-cycle.

The book has four substantive parts that bring together contributions of leading experts from academia and practice on the law, policy, and economics of energy. Part I, 'The prospects of energy transition', critically discusses the leading forecasts for energy and the strategies that resource-rich countries may adopt. Part II, 'Rules-based multilateral governance of the energy sector', details the development and sources of rules on energy. Part III, 'Competition and regulation in transboundary energy markets', discusses principal instruments of rules-based governance of energy. Part IV, 'Attracting investments and the challenges of multi-level governance', focuses on the critical governance of the right investments.

This book is a flagship publication of the Centre for Energy, Petroleum and Mineral Law and Policy at the University of Dundee. It launches the Hart series 'Global Energy Law and Policy' and is edited by the series general editors Professors Peter D Cameron and Volker Roeben, and also Dr Xiaoyi Mu.

Introduction
Peter D Cameron, University of Dundee, UK, Xiaoyi Mu, University of Dundee, UK and Volker Roeben, University of Dundee, UK
PART I
PROSPECTS FOR AN ENERGY TRANSITION
1. Comparison of Outlooks and Implications for an Energy Transition
Xiaoyi Mu, University of Dundee, UK and Dilip K Jena, University of Dundee, UK
2. Oil-rich Countries' Responses to Energy Transition: Managing the Decline
David Manley, Natural Resource Governance Institute, Patrick Heller, University of California, USA and James Cust, Colorado School of Mines, USA

PART II
RULES-BASED MULTILATERAL GOVERNANCE OF THE ENERGY SECTOR
3. A Treatise for Energy Law
Raphael J Heffron, University of Dundee, UK , Anita Rønne, University of Copenhagen, Denmark, Joseph P Tomain, University of Cincinnati, USA, Adrian Bradbrook, University of Adelaide, Australia and Kim Talus, University of Eastern Finland
4. What do we Mean when we Talk about International Energy Law?
Volker Roeben, University of Dundee, UK and Gökçe Mete, Stockhold Environment Institute, Sweden
5. The Legal Effect of the Paris Rulebook under the Doctrine of Treaty Interpretation
Petra Minnerop, University of Durham, UK
6. How will Energy Market Regulation have to Change in the Era of Energy 4.0?
Penelope Crossley, University of Sydney, Australia

PART III
COMPETITION AND REGULATION IN TRANSBOUNDARY ENERGY MARKETS
7. Between Transnational Private Law and Public International Law: Engineer-driven Self-governance in Transboundary Energy Megaprojects
Christoph G Benedict, Heidelberg University, Germany
8. Managing the Threat of Regulatory Capture under the European Energy Union
Rafael Emmanuel Macatangay, University of Dundee, UK and Volker Roeben, University of Dundee, UK
9. Power Over Power: The Global Energy Interconnection and Potential Cyber-threats
Jakob Haerting, University of Turku, Finland

PART IV
ATTRACTING INVESTMENTS AND THE CHALLENGES OF MULTI-LEVEL GOVERNANCE
10. Implementing the Energy Transition in the Face of Investment Protection Standards
Martin Jarrett, Max Planck Institute for Comparative Public Law and International Law, Germany
11. The EU FDI Screening Regulation as an Example of the Proliferation of FDI Screening Processes Affecting the Energy Sector
Leonie Reins, Tilburg University, Netherlands and Dylan Geraets, University of Eastern Finland
12. International Arbitration in the Renewable Field: Recent Developments in Spain
Iñigo del Guayo, University of Almería, Spain
13. How should Shale Gas Extraction be Taxed?
Philip Daniel, Alan Krupnick, Thornton Matheson, Peter Mullins, Ian Parry and Artur Swistak
14. Trinidad and Tobago's Oil and Gas Sector in a Changing World (2010–2019)
Kevin Ramnarine, former Minister of Energy, Trinidad and Tobago
The Concept of Global Energy Transition and its Agenda
Peter D Cameron, University of Dundee, UK, Xiaoyi Mu, University of Dundee, UK and Volker Roeben, University of Dundee, UK