Regulating Energy and Natural Resources

Democratization, globalization, and increased environmental awareness have had a profound impact on the regulation of industry in the energy and natural resources sector. This book analyses the changes in character of the way this industry is regulated, and seeks to make connections with theoretical perspectives on regulation as a major part of the modern legal system.Part I examines the emergence of alternatives to regulation, such as 'soft law' in developing countries, the European Electricity and Gas Directives of 1996 and 1998, the idea of regulation of company structure as opposed to performance, multi-faceted government alternative regulatory instruments, and market mechanics.Part II analyses conventional methods of regulation, and how they have evolved, including case studies from the Netherlands, the USA, Singapore, New Zealand, and the UK.Part III looks at regulatory innovations such as environmental audit, self-regulation, the 'Voluntary Action Plan', private-sector standard setting, and certification.Part IV examines the role of non-state actors, and their response to national and supranational regulatory changes, and globalization.Recent shifts in the perception of energy security, failures in energy company corporate governance, and evolving self-regulatory frameworks renders this a timely and worthy examination of the issues facing the energy and natural resources industry today.

Table of Contents:
I The Framework Barry Barton, Lila K. Barrera Hernández, Alastair R. Lucas, and Anita Rønne: Introduction Barry Barton: The Theoretical Context of Regulation II Globalization and the Challenge to Traditional State-Centred Regulation Yinka O. Omorogbe: Alternative Regulation and Governance Reform in Resource-Rich Developing Countries of Africa Lila K. Barrera Hernández: Sustainable Energy Development in Latin America and Donor Driven Reform: What Will the World Bank Do? Catherine Redgewell: International Soft Law and Globalization III Regulating Energy Systems John Gulliver and Donald N. Zillman: Contemporary United States Energy Regulation Barry Barton: Self-Regulation, State Regulation, and Co-regulation in Energy in New Zealand Aileen McHarg: The Political Economy of Regulation: Developments in British Energy Regulation under Labour Ulf Hammer: System Operation: From Self-Regulation to Public Regulation Anita Rønne: A New Role for the State - Energy Regulatory Reform in Denmark Gunther Kühne: Conventional Regulation Renascent but Changing Alternatives to Regulation: The German Experience Martha M. Roggenkamp: Re-regulating the Electricity and Gas Sector in the Netherlands: From Self-Regulation via State Regulation to Regulation via State Ownership Leigh Hancher and Iñigo del Guayo: The European Electricity and Gas Regulatory Forums IV Regulating Disposition of Rights to Natural Resources Terence Daintith: State-Company Relations in Offshore Oil Exploitation: Regulatory and Contractual Analyses Lee Godden: Efficiency and Environmental Sustainability: Using Market Mechanisms for Water Resources Regulation in Australia V Environmental Regulation of Energy and Natural Resources Alastair R. Lucas and Veronica Potes: Voluntary Approaches and Formal Regulation: Climate Change and Canada's Energy George (Rock) Pring and Rick A. Feger: Alternatives to Conventional Regulation in United States Environmental Law Jose Juan González Márquez: The Use of Environmental Audits and Self-Regulation Schemes for Environmental Protection in Mexico Kazuhiro Nakatani: The Voluntary Initiative of the Japan Business Federation (Nippon Keidanren) in the Measures to Cope with Global Warming VI Pulling the Threads Together: An Overview of the Present State of Energy and Resources Regulation Donald N. Zillman: Regulation around the World Barry Barton, Lila K. Barrera Hernández, Alastair R. Lucas, and Anita Rønne: Conclusions

About the Author :
Barry Barton is Professor, School of Law, University of Waikato, New Zealand Alastair Lucas is Chair of Natural Resources Law and Adjunct Professor of Environmental Science, University of Calgary, Canada Lila Barrera Hernández is Adjunct Assistant Professor, University of Calgary, Canada Anita Rønne is Associate Professor in Energy Law, University of Copenhagen, Denmark, Chair of the Academic Advisory Group of the Secion of Energy and Natural Resources Law of the International Bar Association, and Chair of the Danish Energy Law Society

Review :
`Review from previous edition One of the functions of law is to take a concept, like energy security, and reduce it to its legally significant components. Many of the essays in Energy Security contibute to this process significantly... Energy Security has made a valuable contribution to the development of what could become a key concept for evaluating the health of the energy sector. This collection of essays provides the attorney or economist interested in energy security with much to consider... When someone undertakes such a treatise, Energy Security will provide an important starting point.' James Chalker, Esquire, Pennsylvania USA `... well-written, scholarly collection of contributed chapters brimming with practical and intellectual insight; and likely to be of enduring value ... this book will be an important source of guidance and clarification for energy policy-makers around the world at a time when the distinction between energy law and policy has never been more blurred.' Journal of Energy & Natural Resources Law