Recent developments like the rising trend in crude oil price, the international economic crisis, the civil revolts in Northern Africa and the Middle East, the nuclear threat in Japan after the tsunami, the oil spill in the Gulf of Mexico and the economic growth of emerging countries like China and India have a direct relation to the security of energy supply anywhere in the world. This book provides a comprehensive analysis of energy risks, energy scenarios and energy policies with special reference to the European Union and its member states, emphasizing the economic and geopolitical dimensions of energy security.
The book assesses both quantitatively and qualitatively the socioeconomic and political risks related to the European energy supply, together with the EU’s energy relations with other countries. Two innovative indicators have been developed to estimate geopolitical energy risks and energy-related relations with other countries. The book also examines the process of convergence of member states’ energy security policies, the path towards a common European energy policy, and the process of Europeanization projected towards the energy corridors through which the EU receive energy imports. In addition, alternative strategic scenarios related to energy risk are assessed. Finally, guidelines for the EU’s energy policy and new strategies using energy corridors are suggested in order to maximize EU’s energy security.
The book should be of interest to students and researchers across a wide range of subjects, including energy economics and policy, energy and foreign policy in the EU, energy policies in EU member states and several aspects related to international political economy.
Introduction Part 1: Energy, Geopolitics and Energy Security: Qualitative and Quantitative Analyse 1. Global Energy Needs and Resources: Geographical Imbalances and Energy Security Javier García-Verdugo Sales and Laura Rodríguez Fernández 2. Energy Security, Energy Corridors and the Geopolitical Context: A Conceptual Approach Gonzalo Escribano Francés and Javier García-Verdugo Sales 3. Energy Dependence, Vulnerability and the Geopolitical Context: A Quantitative Approach to Energy Security Javier García-Verdugo Sales and Beatriz Muñoz Delgado 4. Competition and Complementarity in the International Energy Markets: The EU’s Energy Affinity Index José María Marín Quemada, Carlos Velasco Murviedro and Beatriz Muñoz Delgado 5. Global Policy Scenarios and Economic Scenarios as Tools for Energy Policy Javier García-Verdugo Sales 6. Long Term Energy Policy Scenarios for the World and the EU: A Comparative Analysis Part 2: Socio-Economic Energy Risk: Concept and Estimation Enrique San Martín González 7. Risk Theory Applied to Energy Security: A Typology of Energy Risks Javier García-Verdugo Sales and Enrique San Martín González 8. Quantifying Geopolitical Energy Risks: The Socioeconomic Energy Risk Index Javier García-Verdugo Sales, Enrique San Martín González and Beatriz Muñoz Delgado 9. Using the Socioeconomics Energy Risk Index: Aggregation by Corridors, Energy Models and Scenario Building Enrique San Martín González and Javier García-Verdugo Sales Part 3: Energy Security and Energy Policy Convergence in the EU 10. Energy Security of Supply and EU Energy Policy José María Marín Quemada, Carlos Velasco Murviedro and Beatriz Muñoz Delgado 11. The Europeanization of EU Member States’ Energy Security Policies: Convergence Patterns Gonzalo Escribano Francés, Ramón Mahía Casado, Rafael de Arce Borda 12. Guidelines for a European Energy Security Policy Part 4: New Strategies for the EU’s Energy Security Policy José María Marín Quemada and Beatriz Muñoz Delgado 13. Socioeconomic Energy Risk and Energy Affinity: Defining Strategies for the EU José María Marín Quemada and Beatriz Muñoz Delgado 14. A New Strategy: The Europeanization of Energy Corridors to the EU Gonzalo Escribano Francés 15. Renewable Energy Corridors and European Energy Security José María Marín Quemada and Gonzalo Escribano Francés