The future of international energy trade and investment: from petroleum to technology, from investment protection to subsidies

Moritz Wüstenberg

Chapter 3 in A Research Agenda for International Energy Law, 2024, pp 45-62 from Edward Elgar Publishing

Abstract: The energy sector is undergoing fundamental change due to the green transition. In coming decades this will lead to a decrease in trade and investment in petroleum products as the world reduces its reliance on these. In the future trade and investment flows for energy will increasingly relate to electricity and renewable energy carriers as well as the technologies and equipment to produce these. This contrasts with the present and the past where the geographical occurrence of petroleum was the key determinant for trade and investment flows. In the “green energy” future, the World Trade Organization (WTO) could play a greater role in regulating global energy trade. Reviewing relevant rules and past disputes, this contribution places its focus on how the WTO rules on subsidies will influence future energy trade and investment.

Keywords: Environment; Law - Academic; Sustainable Development Goals (search for similar items in EconPapers)
Date: 2024
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