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OAEN 2010 - ENERGY POLICIES

Type d'enseignement : Lecture alone

Semester : Autumn and Spring 2018-2019

Number of hours : 24

Language of tuition : English

Pre-requisite

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Course Description

This course focuses on energy policy, which is described as the choices that governments make to address energy policy objectives, notably in the realm of security of supply (importers) or demand (exporters), affordability – often described as ‘competitiveness' – or environmental and other impacts. Because of the overwhelming importance of the energy sector, which is fundamental to security and defence as well as all economic and other activity, governments typically accept the need for a separate policy. This can cover a broad range of policy areas such as market organization, taxation, ownership – public versus private – environmental protection & climate change, infrastructure, research, technology, trade, foreign and after all security and defence policy. Governments dispose of a plethora of instruments as diverse as legislation, competition policy, international treaties, incentives to investment, guidelines, information as well as ‘hard' security, i.e. the military. The course will use case studies to describe and examine typical ‘energy policy interventions' in a number of selected cases and countries/regions involving market and non-market based instruments; for example, energy market organization, taxation and emissions trading systems, renewable support mechanisms, energy, efficiency policies but also energy-related distributional policies including the issues of economic rent and corruption. In the light of the evolving ‘energy transitions', the course will also cover decarbonisation notably of the electricity, transport and household sectors in advanced economies. In a number of cases, i.e. where ex-post analysis is available the course will compare energy policy initiatives with its outcomes.

Teachers

EGENHOFER, Christian (Chercheur)

Course validation

Students are expected to attend all classes. They will benefit from preparing each class by reading ​articles related to the topics discussed in class. There will be a specific reading list for each of the sessions.
The assignment consists of both written mid-term and final exams (they may be take-home exams).

Required reading

  • Cherp, Aleh and Jewell, Jessica, “The concept of energy security: Beyond the four As”, Energy Policies, (75) 2014, 415-421
  • Yergin, Daniel, The Prize: The Epic Quest for Oil, Money and Power, New York, Free Press, 2009.
  • Falkner, Robert, A minilateral solution to glo”bal climate change? On bargaining efficiency, club benefits and international legitimacy, Centre for Climate Change Economics and Policy, WP No. 222 (2015)
  • Coady, David et al, How large are global energy subsidies? IMF Working Paper WP15/105, 2015
  • IEA, World Energy Outlook 2016, Paris: OECD/IEA 2016

Additional required reading

  • Fullerton, Don & Gilbert Metcalf, Environmental Controls, Scarcity Rents, and Pre-Existing Distortions, Journal of Public Economics 02/2001; 80(2):249-267. DOI: 10.1016/S0047-2727(00)00087-6 (article on rents of environmental policy; also applicable to energy)
  • IDDRI, Beyond the numbers: understanding the transformation induced by INDCs, A report of the Project MILES Consortium, IDDRI Report No 5, 2015
  • Elsberg, “Blackout”. 2012 (in German) also available in English, French, Spanish, Dutch and Polish (realistic novel on the meltdown of the European power sector)
  • You can do your own energy transition here: http://www.energytransitionmodel.com/
  • ‘EUenergy' App (available for iOS and Android)