The Evolution of Global Energy Governance: Scenario Analysis with a Focus on the G20

  • Sang Yoon Shin Department of Entrepreneurship and Small Business, College of Business Administration, Soongsil University, Sangdo-Ro 369, Dongjak-Gu, Seoul 06978, Republic of Korea
Keywords: International Organization, Global Energy Governance, G20, Scenario Analysis

Abstract

This study addresses global energy governance and its future evolution. While governance plays an essential role in securing the sustainability of energy and the environment, the current global energy governance has limitations: fragmentation and failure to reflect changes in the global energy landscape. This study provides future scenarios on how global energy governance will evolve, focusing on the G20. Then, each scenario is presented with its strengths, weaknesses, opportunities, and threats. The G20 has promoted global energy cooperation to address challenges such as the energy trilemma since 2009 and is increasing its contribution as one of the most influential platforms for energy cooperation. Until now, the G20 has positioned itself between a symbolic and substantial platform. Nevertheless, this group will increase its influences on global energy governance and its contribution to global energy cooperation.

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Author Biography

Sang Yoon Shin, Department of Entrepreneurship and Small Business, College of Business Administration, Soongsil University, Sangdo-Ro 369, Dongjak-Gu, Seoul 06978, Republic of Korea

Sang Yoon Shin is an associate professor in the College of Business Administration, Soongsil University, Korea. He has investigated inter-organizational linkages with theoretical lenses of strategic management and organization theory. He has also built expertise in the energy industry and the Middle East region. His research has appeared in prestigious journals such as International Entrepreneurship and Management Journal, Energy Research and Social Science, Middle East Policy, and others. He received his Ph.D. degree from the Katz Graduate School of Business, University of Pittsburgh.

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Published
2021-05-31
Section
Articles