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2018 | OriginalPaper | Buchkapitel

4. Energy Security in a Steady-State World

verfasst von : Filippos Proedrou

Erschienen in: Energy Policy and Security under Climate Change

Verlag: Springer International Publishing

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Abstract

This chapter assesses the merits of a steady-state energy policy across the energy security framework and, in doing so, compares and contrasts it with mainstream energy policies. A steady-state energy policy not only achieves sustainability, but also offers significant security of supply advantages in terms of physical availability of and access to energy. This stands in stark contrast to the geological, geopolitical and market risks plaguing conventional fossil-fired energy policies. A quantitative and qualitative discussion of the costs implicated in fossil and renewable energy also reveals that the latter is in general more affordable. In line with ecological economics’ suggestion for an ecological tax reform, the chapter concludes with a plea to fundamentally revisit the pricing of energy in contemporary societies as a driver to foster sustainability.

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Fußnoten
1
To make things worse, Britain’s abstruse decision to exit the EU leaves the EU without one of its most fervent climate proponents, and creates further uncertainties for the Union’s climate policy (Fischer and Geden 2016).
 
2
This event also gave full force to the enactment of Russia’s Asian pivot, the implementation of which nonetheless remains indeterminate since Beijing and Moscow find it hard to agree on the terms of their energy partnership. This reflects their hard political relationship. Bejing in particular fully appreciates Russia’s enfeebled position under Western sanctions and depressed international energy prices, while Moscow denies to succumb to Bejing’s terms and become a ‘resource appendage to China’ (Bradshaw 2012: 219; Skalamera and Goldthau 2016; Gabuev 2015; Proedrou 2017d). Flows of energy, contractual and infrastructure commitments, and security of supply and demand remain profoundly entangled with geopolitical considerations, fears and concerns.
 
3
This move seems unlikely for now for broader geopolitical, rather than energy security reasons. A US withdrawal from the Pacific and the China Sea, where China is attempting to carve out an extended zone for energy exploration at the mounting dissatisfaction of its much weaker neighbours, would allow China a free hand and would constitute a significant shift in the regional and global balance of power.
 
4
Noreng (2013: 169) brings to light an intriguing, reverse aspect of the peak oil discussion. He argues that different views on peak oil are far from interest-neutral. Peak oil theory plays nicely into the hands of those oil companies keen to see the perpetuation of high oil prices, of investors in alternative sources of energy, and of de-growth movements. What is more, peak oil encourages militaristic strategies to secure access to oil, and potentially also to deny access to energy to others. Negating that peak oil is a reality, on the other hand, matches the interests of oil companies wishing to up-scale exploration, and of the whole petroleum value chain.
 
5
In fact, the views on and understandings of peak oil will define how societies prepare for the post-carbon era, and will feed back into the structure of fossil energy prices. Dwindling exploration will boost extraction costs and culminate in the cascading divestment of the fossil sector (Bressand 2013: 20).
 
6
Bronson (2016) offers an alternative perspective. He argues that, ironically, it is to Saudi Arabia’s interest that the supply of unconventional energy from other producers increases, as this would protect Saudi Arabia’s excess capacity. For Saudi Arabia, the ultimate issue of concern is whether an abrupt increase of global oil demand, unmatched for by a proportional supply increase, will dramatically reduce its reserves, thus rendering it just another country producing at full capacity. This would dilute Saudi Arabia’s excess capacity and its ensuing wherewithal to act as swing producer, in other words the essential assets that allow Saudi Arabia to influence the international oil price, and this way maximize its revenues and geopolitical clout.
 
7
This section draws from Proedrou, F. 2017. A New Framework for EU Energy Security: Putting Sustainability First. European Politics and Society, 18: 2, 182–198.
 
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Metadaten
Titel
Energy Security in a Steady-State World
verfasst von
Filippos Proedrou
Copyright-Jahr
2018
DOI
https://doi.org/10.1007/978-3-319-77164-9_4

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