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Palgrave Macmillan
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New Political Economy of Energy in Europe

Power to Project, Power to Adapt

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  • © 2019

Overview

  • Analyses the dramatic changes that the international political economy of energy has undergone in the past decade
  • Outlines the impact of increased tension between Russia and the West
  • Demonstrates compellingly why it can be said that geopolitics plays a larger role in today's world than it ever has previously
  • Provides insight into how the EU can effectively deal with this
  • Considers both European Union policy and the policies of individual European small states

Part of the book series: International Political Economy Series (IPES)

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Table of contents (10 chapters)

  1. Inside Out: Projecting EU Rules and Ideas

  2. Outside In: National Adaptations

Keywords

About this book

This edited collection details and analyses the dramatic changes that the international political economy of energy has undergone in the past decade. This change began with the increasing assertiveness of Russia when the oil price rose above the $100 mark in 2008. This, combined with the rise of shale oil and gas, made the USA all but self-sufficient in terms of fossil fuels. The collapse of the oil price in 2014-15, Saudi Arabia’s new strategy of defending its market share and the increasingly tense and controversial relationship between the West and Russia all worked to further strengthen the geopolitical dimension of energy in Europe. The global result is a world in which geopolitics play a bigger part than ever before; the central question the authors of this volume grapple with is how the EU – and European small states – can deal with this.

Chapter 4 of this book is available open access under a CC BY 4.0 license at link.springer.com

Editors and Affiliations

  • Norwegian Institute of International Affairs (NUPI), Oslo, Norway

    Jakub M. Godzimirski

About the editor

Jakub M. Godzimirski is Research Professor at the Norwegian Institute of International Affairs (NUPI) in Oslo, Norway. He has been working on Russian foreign and security policy issues at NUPI for more than 20 years, paying special attention to the role of energy resources in Russian grand strategy. In addition he has worked on European policy and its impact on developments in Central and Eastern Europe, including Russian-European relations.

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