The energy transition at a critical juncture

Oliver Hailes and Jorge E Viñuales

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Amid the Ukraine war, the energy transition has reached a critical juncture: decisions taken by key governmental or commercial actors may irreversibly threaten efforts to limit the rise in global average temperature to 1.5°C. After defining the notions of ‘energy transition’ and ‘critical juncture’, this article describes how the ‘international law of energy’ may both entrench a socio-technical regime based on fossil fuels and promote the transition towards renewable energy. These categories serve to frame several contributions to a symposium, which assist in mapping the rules, processes, and institutions that organize the decisional options of key actors as they try to drive the energy transition through this critical juncture. We conclude by recalling the practical utility of this dynamic map and the pressing need for an authoritative compass to give interpretive direction to the legal organization of the entitlements, obligations, and decisional options of key actors in reorienting energy activities to avoid the catastrophic tipping points of climate change.

JEL-codes: K00 Q40 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2023-12-21
New Economics Papers: this item is included in nep-cis, nep-ene and nep-env
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Published in Journal of International Economic Law, 21, December, 2023, 26(4), pp. 627–648. ISSN: 1369-3034

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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:121255

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