Energy Policy Making: An Old Concept or a Modern Challenge?

Doukas, Haris; Patlitzianas, Konstantinos D.; Kagiannas, Argyris G.; Psarras, John

doi:10.1080/15567240701232378

Cited by 46 publications

(24 citation statements)

References 41 publications

(48 reference statements)

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“…Nevertheless, the need for a coherent energy policy and groundbreaking rethinking of policy mechanisms is recognized (Doukas et al, 2008(Doukas et al, , 2010. Importantly, the targets that these policy mechanisms operate on are arbitrary and seem insufficient to defuse the energy trap on a global scale.…”

Section: Designing An Economy For the Sustainable Energy Transitionmentioning

confidence: 99%

Defusing the Energy Trap: The Potential of Energy-Denominated Currencies to Facilitate a Sustainable Energy Transition

Sgouridis¹

2014

Front. Energy Res.

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The universal adoption of fiat currencies and of the fractional reserve banking system coincided with access to and ability to utilize energy-dense fossil fuels leading to unprecedented rates of economic expansion.The depletion of economically recoverable fossil fuels though sets the stage for systemic crises as it is not adequately priced in the current market system. An energy-based system of exchange can be adopted in parallel to or in place of fiat currencies in order to facilitate a sustainable energy transition (SET) and mitigate the impacts of such crises. Energy-backed and energy-referenced currencies are discussed as two possible variants for their ability to realign the economic system to the thermodynamic limits of the physical world.The primary advantage of an energy-referenced currency over the current mechanisms for SET (like feed-in-tariffs or carbon taxes) is realized with the decoupling of the monetary and credit functions, especially when debt is tied to future energy availability.While energy-backed (credit) systems can be easier to adopt on a regional scale, the full transition to an energy-reference currency system requires significant reform of the financial and monetary system although it would not radically disrupt the current economic valuations given the high degree of correlation between value and embodied energy.

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Section: Designing An Economy For the Sustainable Energy Transitionmentioning

confidence: 99%

Defusing the Energy Trap: The Potential of Energy-Denominated Currencies to Facilitate a Sustainable Energy Transition

Sgouridis¹

2014

Front. Energy Res.

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“…In recent times, however, energy policies have been increasingly influenced by issues relating to security of supply, environmental protection, and energy market competitiveness. Doukas et al (2008) have described the evolution in the process and foci of energy policy during the 20 th century, as part of three distinct phases:…”

Section: Research Contextmentioning

confidence: 99%

“…These questions are important in exploring the learnings from the historical effects of policy decisions which can guide current and future policy makers (and other relevant stakeholders) in making the most appropriate choices, albeit still inevitably with unintended consequences (Doukas et al, 2008).…”

Section: Introductionmentioning

confidence: 99%

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Policy making and energy infrastructure change: A Nigerian case study of energy governance in the electricity sector

2017

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This paper focusses on investigating the underlying mechanisms and influences of the policy decision making process and how it affects and impacts the governance of the Nigerian energy industry, and energy infrastructure provisions. In-depth semistructured interviews were used; all interviewees had been involved, directly or indirectly, in energy infrastructure policy decisions in Nigeria. Five key themes subsequently emerged as salient intra-country induced influences that were affecting the governance and performance of the Nigerian energy sector: (1) competenciesi.e. practical knowledge of energy policy making; (2) expectations -i.e. past, present, and forecasted future expectations from the energy industry; (3) legislation -i.e. institutionalized (and unwritten) rules/procedures; (4) future visions -i.e. future vision of the energy industry/energy market; (5) recruiting experts -i.e. recruiting new energy and public policy makers. In addition, three major inter-country induced influences were also identified: (1) the changing dynamics of international and foreign aid; (2) the United Nations Sustainable Development Goals; and (3) the Paris Agreements on Climate Change. The paper concludes by highlighting the policy implications of these influences, and the consequences for policy makers in the governance of the energy industry in ensuring a secured energy future.

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“…If we want to manage energy intelligently through this century (including security of supply, affordability, climate change, air pollution, energy access, etc. ), what is the actual knowledge needed to provide a sound foundation for intelligent decision making [15]? How do we control these sorts of system integration issues?…”

Section: Introductionmentioning

confidence: 99%

The Role of Policy Makers and Institutions in the Energy Sector: The Case of Energy Infrastructure Governance in Nigeria

2016

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This paper focuses on investigating the linkages and consequences of the policy decision process in the governance of energy infrastructure in Nigeria. It attempts to gain a better understanding of the role of policy makers and institutions in the provision of energy infrastructure in Nigeria. Using a combination of semi-structured interviews and documentary evidences from published literature, this study reveals three essential areas where the policy-making processes (and therefore policy makers) intervene in the provision of energy infrastructure. These are: (1) granting access to historical data; (2) regulations; and (3) permitting/issuance of licenses. This study also reveals three major unintended consequences of the policy decision processes and institutions in the governance of energy infrastructure provisions in Nigeria, which are: (1) government financing corruption in the energy sector; (2) economic delusion; and (3) uncontrolled growth in energy demand driven more by export and not local internal demand.

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Energy Policy Making: An Old Concept or a Modern Challenge?

Cited by 46 publications

References 41 publications

Defusing the Energy Trap: The Potential of Energy-Denominated Currencies to Facilitate a Sustainable Energy Transition

Defusing the Energy Trap: The Potential of Energy-Denominated Currencies to Facilitate a Sustainable Energy Transition

Policy making and energy infrastructure change: A Nigerian case study of energy governance in the electricity sector

The Role of Policy Makers and Institutions in the Energy Sector: The Case of Energy Infrastructure Governance in Nigeria

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