Social and Behavioral Sciences Commons^™

Navigating Geopolitical Crises For Energy Security: Evaluating Optimal Subsidy Policies Via A Markov Switching Dsge Model, Ying Tung Chan, Maria Teresa Punzi, Hong Zhao

Sim Kee Boon Institute for Financial Economics

This paper aims to provide insights on the design of optimal subsidy policies to enhance energy security amidst energy disruptions triggered by geopolitical conflicts. We introduce a novel Markov switching dynamic stochastic general equilibrium (MS-DSGE) model to address the limitations of existing integrated assessment models in environmental evaluation. These models often fail to adequately consider the environmental and economic impacts of geopolitical conflicts and do not prioritize energy security sufficiently in policymaking. Our application of the MS-DSGE model to the Russia–Ukraine conflict reveals significant decreases in output, social welfare, and energy consumption during disruptions. The mere anticipation of an energy …

Applying A Relationally And Socially Embedded Decision Framework To Solar Photovoltaic Adoption: A Conceptual Exploration, Chelsea Schelly, Don Lee, Elise Matz, Joshua M. Pearce

Michigan Tech Publications

Solar photovoltaic (PV) energy technology can play a key role in decreasing the amount of carbon emissions associated with electrical energy production, while also providing an economically justifiable alternative to fossil fuel production. Solar energy technology is also extremely flexible in terms of the size and siting of technological development. Large scale PV farms, however, require access to large tracts of land, which can create community-scale conflict over siting solar energy development projects. While previous scholarship offers frameworks for understanding the mechanisms at play in socio-technological system transitions, including the renewable energy transition, those frameworks fail to center community priorities, …

Swinging Shale: Shale Oil, Global Oil Market, And The Geopolitics Of Oil, Inwook Kim

Research Collection School of Social Sciences

Is shale oil “revolutionizing” the global oil market and the geopolitics of oil? If so, how? While two aspects of the shale boom—a new source of supply and a cause for the price collapse in 2014–2015—dominate the conventional wisdom, I argue that the most revolutionary change is the least understood aspect of shale oil—shale oil producers’ rise as new swing suppliers due to its unique extraction technique and cost structure. Shale oil producers also differ from traditional swing producers in motives, contexts, and an amount of accessible excess capacity such that while shale oil lowers the medium-term price ceiling, it …

A Crude Bargain: Great Powers, Oil States, And Petro-Alignment, Inwook Kim

Research Collection School of Social Sciences

Petro-alignment, a quid pro quo arrangement whereby great powers offer security in exchange for oil states’ friendly oil policies, is a widely used and yet undertheorized energy security strategy. One consequential aspect of this exchange is that great powers choose different levels of security commitment to keep oil producers friendly. With what criteria do great powers rank oil states? How do we conceptualize different types of petro-alignments? What exactly do great powers and oil producers exchange under each petro-alignment type? I posit that a mix of market power and geostrategic location determines the strategic value and vulnerability of individual client …

Russia's Northern Rook: Nord Stream 2 On The European Energy Chessboard, David E. Wilson

Independent Study Project (ISP) Collection

The Nord Stream 2 pipeline proposes to connect Germany to the world’s largest natural gas reserves in Russia, allowing the state-owned Russian energy behemoth Gazprom to double its export capacity through the ‘Northern Corridor’ transit route to Europe. This project has been the subject of sharp disapproval from Central and Eastern European countries, as well as the United States, which fear the prospect of increasing dependence on gas imports from a Russia perceived as politically aggressive and unreliable. This paper will identify the geopolitical and geoeconomic implications involved in the construction of Nord Stream 2 by adopting a geostrategic worldview …

Opec And The International System: A Political History Of Decisions And Behavior, Reza Sanati

FIU Electronic Theses and Dissertations

The conventional understanding behind how the Organization of Petroleum Exporting Countries (OPEC) has formulated its decisions and subsequently behaved in the international system has consistently centered on the role of market forces. Either proactively or reactively, it has been assumed that OPEC’s actions were merely engaging and responding to the supply and demand dynamics in the global economy. Though space was always given to the political considerations of certain OPEC Member States, and how that impacts the behavior of the Organization, inquiry into OPEC decision-making and behavior has generally centered on economic considerations, with politics playing an intermittent supporting role. …

Clean Energy: The Economics Of Why And How, Adele C. Morris

Brookings Scholar Lecture Series

One rationale for large public investments in clean energy technology points to concerns that have not been addressed by other policies, most notably greenhouse gas emissions and energy security. Another inspiration for clean energy policy suggests that strategic government investments would increase domestic firms' market share of a growing industry and thus help domestic firms and workers. This lecture examines the economic case for clean energy policy in the United States and addresses the issues state and local governments confront in building a clean energy industry.

U.S. Energy Policy: The Burdens Of The Past And Moving Forward, John P. Banks

Brookings Scholar Lecture Series

Since the oil embargo of 1973, the United States has struggled to implement a sustainable and comprehensive national energy policy. Forging a consistent policy approach has been complicated by more recent emerging trends: how to combat global climate change, the continued emergence of viable alternative energy options, and the hydrocarbon renaissance.

This presentation will discuss several major themes that have impacted energy policy-making since the 1970s and how they are reflected in key issues debated in the current election year. It will then pose some thoughts on how to move away from the burdens of the past and move forward.

Slides: Unido: Partner For Prosperity, Kandeh K. Yumkella

2012 Energy Justice Conference and Technology Exposition (September 17-18)

Presenter: Dr. Kandeh Yumkella, Chairman, UN Energy; Director General, United Nations Industrial Development Organization (UNIDO)

16 slides

Slides: Drawing The Blueprint For A Sustainable Natural Gas Future, Mark K. Boling

Drawing the Blueprint for a Sustainable Natural Gas Future (January 18)

Presenter: Mark. K. Boling, Executive Vice-President and General Counsel, Southwestern Energy

23 slides

Evaluating Energy Security Performance From 1990 To 2010 For Eighteen Countries, Benjamin K. Sovacool, Ishani Mukherjee, Ira Martina Drupady, Anthony L. D' Agostino

Research Collection School of Social Sciences

This study provides an index for evaluating national energy security policies and performance among the United States, European Union, Australia, New Zealand, China, India, Japan, South Korea, and the ten countries comprising the Association of Southeast Asian Nations (ASEAN). Drawn from research interviews, a survey instrument, and a focused workshop, the article first argues that energy security ought to be comprised of five dimensions related to availability, affordability, technology development, sustain-ability, and regulation. The article then breaks these dimensions down into 20 components and correlates them with 20 metrics that constitute a comprehensive energy security index. We find that the …

Conceptualizing And Measuring Energy Security: A Synthesized Approach, Benjamin K. Sovacool, Ishani Mukherjee

Research Collection School of Social Sciences

This article provides a synthesized, workable framework for analyzing national energy security policies and performance. Drawn from research interviews, survey results, a focused workshop, and an extensive literature review, this article proposes that energy security ought to be comprised of five dimensions related to availability, affordability, technology development, sustainability, and regulation. We then break these five dimensions down into 20 components related to security of supply and production, dependency, and diversification for availability; price stability, access and equity, decentralization, and low prices for affordability; innovation and research, safety and reliability, resilience, energy efficiency, and investment for technology development; land use, …

Geopolitics: A Guide To The Issues, Bert Chapman

Libraries Research Publications

Provides overview of how geography influences international relations and international politics including climate change, energy security, international economics, and international security. Introduces key figures in geopolitics development as a discipline such as Alfred Thayer Mahan and Halford Mackinder, covers the geopolitical interests of individuals countries, describes disciplinary divisions within geopolitics, details international geopolitical crisis areas and provides maps of some of these areas, emphasizes geopolitics information resources, and stresses the critical importance of geography in studying international politics and security.

Booms And Busts: Russia And Its Oil, 1970 To 2011 And Beyond, Cliff Gaddy

Brookings Scholar Lecture Series

For 40 years Russia’s domestic economic and political development and its foreign policy ambitions have been driven by the varying fortunes of its oil and gas wealth. The story continues to play out today, with crucial global consequences. Russia remains the world’s largest producer of oil and gas. It holds the third largest foreign exchange reserves in the world. Understanding the role of Russia’s energy wealth is key to understanding what role the country may play in world energy security and geopolitics in the years ahead.

Bridging The Gaps In Global Energy Governance, Ann Florini, Benjamin Sovacool

Research Collection School of Social Sciences

Energy constitutes a rich, but underexplored, arena for global governance scholars and policymakers. The world is currently on an unsustainable and conflict-prone track of volatile and unreliable supply of energy fuels, vulnerable infrastructure, massive environmental degradation, and failure to deliver energy services to an enormous proportion of the global population. Changing to a different path will be a monumental global governance endeavor that will require bridging multiple issue areas, regimes, and policy silos. Meeting that challenge will require a greatly expanded research agenda aimed at understanding the institutions, interests, and concerns that do and could shape global energy governance. In …

Slides: Integrated Policy, Planning, And Management Of Water Resources, Robert Wilkinson

Western Water Law, Policy and Management: Ripples, Currents, and New Channels for Inquiry (Martz Summer Conference, June 3-5)

Presenter: Robert Wilkinson, Ph.D., Director of the Water Policy Program, Donald Bren School of Environmental Science and Management, University of California-- Santa Barbara

60 slides

Energy Security: An Australian Nuclear Power Industry, Geoff I. Swan

Australian Security and Intelligence Conference

Climate change and energy security are driving a worldwide renaissance in nuclear power. An Australian nuclear power industry has also been seriously investigated by the Australian government and its agencies. This paper provides a broad overview of the nuclear fuel cycle and the nuclear power industry. It identifies aspects that are sensitive to nuclear terrorism and nuclear weapons proliferation to help security professionals identify threats and prepare for a possible Australian nuclear power industry.

Germany And Energy Security In The 2000s: Rise And Fall Of A Policy Issue?, John S. Duffield

Political Science Faculty Publications

After some two decades of inattention, the issue of energy security once again moved to the top of the policy agenda in Germany in the mid-2000s. After briefly achieving renewed prominence, however, it was eclipsed in German energy policy, at least temporarily, by heightened concerns about climate change. This paper explains the re-emergence of concerns about energy insecurity in recent years as well as the reasons for their subsequent overshadowing. It describes and explains the steps that have been taken during this period to promote German energy security and analyzes their adequacy. The paper identifies a number of reasons to …