"A Brookings Institution Press and Global Public Policy Institute publication

The global market for oil and gas resources is rapidly changing. Three major trends--the rise of new consumers, the increasing influence of state players, and concerns about climate change--are combining to challenge existing regulatory structures, many of which have been in place for a half-century. Global Energy Governance analyzes the energy market from an institutionalist perspective and offers practical policy recommendations to deal with these new challenges.

Much of the existing discourse on energy governance deals with hard security issues but neglects the challenges to global governance. Global Energy Governance fills this gap with perspectives on how regulatory institutions can ensure reliable sources of energy, evaluate financial risk, and provide emergency response mechanisms to deal with interruptions in supply.

The authors bring together decisionmakers from industry, government, and civil society in order to address two central questions:

-What are the current practices of existing institutions governing global oil and gas on financial markets?

-How do these institutions need to adapt in order to meet the challenges of the twenty-first century?

The resulting governance-oriented analysis of the three interlocking trends also provides the basis for policy recommendations to improve global regulation.

Contributors include Thorsten Benner, Global Public Policy Institute, Berlin; William Blyth, Chatham House, Royal Institute for International Affairs, London; Albert Bressand, School of International and Public Affairs, Columbia University; Dick de Jong, Clingendael International Energy Programme; Ralf Dickel, Energy Charter Secretariat; Andreas Goldthau, Central European University, Budapest, and Global Public Policy Institute, Berlin; Enno Harks, Global Public Policy Institute, Berlin; Wade Hoxtell, Global Public Policy Institute, Berlin; Hillard Huntington, Energy Modeling Forum, Stanford University; Christine Jojarth, Center on Democracy, Development, and the Rule of Law, Stanford University; Frederic Kalinke, Department of Politics and International Relations, Oxford University; Wilfrid L. Kohl, School of Advanced International Studies, Johns Hopkins University; Jamie Manzer, Global Public Policy Institute, Berlin; Amy Myers Jaffe, James A. Baker Institute for Public Policy, Rice University; Yulia Selivanova, Energy Charter Secretariat; Tom Smeenk, Clingendael International Energy Programme; Ricardo Soares de Oliveira, Department of Politics and International Relations, Oxford University; Ronald Soligo, Rice University; Joseph A. Stanislaw, Deloitte LLP and The JAStanislaw Group, LLC; Coby van der Linde, Clingendael International Energy Programme; Jan Martin Witte, Global Public Policy Institute, Berlin; Simonetta Zarrilli, Division on International Trade and Commodities, United Nations Conference on Trade and Development."

The role of rules and institutions in global energy : an introduction / Andreas Goldthau and Jan Martin Witte Energy diplomacy in trade and investment of oil and gas / Andreas Goldthau Managing the patchwork of agreements in trade and investment / Yulia Selivanova Development of the emerging biofuels market / Simonetta Zarrilli Trade and investment in global energy : a policy perspective / Ralf Dickel State-backed financing in oil and gas projects / Amy Myers Jaffe and Ronald Soligo How do emerging carbon markets influence energy sector investments? / William Blyth Financing the future : investments in alternative sources of energy / Hillard Huntington and Christine Jojarth A new green deal and the future of global energy : a policy perspective / Joseph A. Stanislaw Consumer country energy cooperation : the International Energy Agency and the global energy order / Wilfrid L. Kohl The evolving role of LNG in the gas market / Dick de Jong, Coby van der Linde, and Tom Smeenk The International Energy Forum and the mitigation of oil market risks / Enno Harks The future of producer-consumer cooperation : a policy perspective / Albert Bressand The good/bad nexus in global energy governance / Thorsten Benner and Ricardo Soares de Oliveira with Frederic Kalinke Building global rules for sovereign wealth funds / Jamie Manzer and Jan Martin Witte Global energy governance : the way forward / Andreas Goldthau, Wade Hoxtell, and Jan Martin Witte.