Energy Dependence and Supply Security: Energy Law in the New Geopolitical Reality

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Anatole Boute (Professor, Faculty of Law, Professor, Faculty of Law, The Chinese University of Hong Kong)

Energy Dependence and Supply Security

Energy Law in the New Geopolitical Reality

Anatole Boute (Professor, Faculty of Law, Professor, Faculty of Law, The Chinese University of Hong Kong)

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English

Oxford University Press
30 January 2024

Geopolitics; International economic & trade law; Energy & natural resources law

Russia's 2022 invasion of Ukraine administered an unprecedented shock to the European and global energy markets, triggering emergency interventions and market reforms to limit the impact of the crisis on energy prices and supply security. More fundamentally, the supply shock sparked a profound reappraisal of foreign supply and infrastructure dependencies (for example, on China), leading states to adopt new legal initiatives to strengthen the resilience of their clean energy supply chains. Energy geopolitics and supply security are now firmly back at the centre of global energy policy, and in this new geopolitical reality, we critically need to reassess the role of energy law in the creation - and avoidance - of dangerous energy dependencies.

Using the 2022 energy crisis as core example,

Energy Dependence and Supply Security

offers a legal analysis of energy trade and investment as a tool of geopolitical power, an issue seldom considered outside of economic statecraft and energy geopolitics. Anatole Boute's timely analysis illustrates the paradox of energy law and security: legal instruments of energy security have helped create the supply and infrastructure dependencies that allowed for the weaponization of energy. The book examines the legal responses adopted by the European Union to the impact of the Russian energy shock, reflecting on strategies to avoid similar disruptions in the clean energy industry. In turn, it proposes innovative supply security reforms that would allow dependencies to be managed, while still preserving the international collaboration that is needed to accelerate the transition to clean, affordable, and secure energy systems.

By: Anatole Boute (Professor Faculty of Law Professor Faculty of Law The Chinese University of Hong Kong)
Imprint: Oxford University Press
Country of Publication: United Kingdom
Dimensions: Height: 240mm, Width: 162mm, Spine: 20mm
Weight: 1g
ISBN: 9780198890478
ISBN 10: 0198890478
Pages: 272
Publication Date: 30 January 2024
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

Anatole Boute is a law professor at the Chinese University of Hong Kong, specialising in energy, climate, and investment law. He is the author of Energy Security along the New Silk Road (CUP 2019) and Russian Electricity and Energy Investment Law (Brill Nijhoff 2015), and is a member of the IBA Academic Advisory Group on Energy, Environment, Natural Resources, and Infrastructure Law. He was admitted to the Brussels Bar in 2009, and regularly assists development banks, governments, and investors on questions of energy and climate regulation. His research on the energy crisis has garnered attention from media outlets including CNBC, Al Jazeera, CGTN, and the Financial Times.