DPP faculty member Andreas Goldthau publishes article on energy security in International Studies Perspectives

The journal International Studies Perspectives published an article about global energy security by DPP faculty member Andreas Goldthau. The piece is titled A Public Policy Perspective on Global Energy Security. The article argues that the emerging literature on global energy governance has failed so far to provide an extensive intellectual rationale for the concept. It seeks to fill this gap by putting forward a public policy framework to analyze global energy.

Energy security relates to problems of market failure at a transnational scale. These may occur due to imperfect competition, negative externalities, lack of information or the presence of public goods. The piece argues that major global energy risks such as oil price volatility, lack of transport infrastructure, and insufficient upstream investments can be convincingly conceptionalized as markets failing to provide for a crucial good – energy security. It thus proposes market failure as an analytical justification of and as an intellectual foundation for further research in global energy governance, and sketches possible research agendas in that field.

Access the publication at the International Studies Perspectives website (login required).