Grotius Dialogue on Energy in International Trade Law: Concepts, Regulation and Changing Markets
- Thursday 14 October 2021
- Online (via Zoom)
Looking for cutting-edge research on a subject of enduring importance? Want to understand the legal foundations of disputes ranging from Nordstream 2 to solar panels? Look no further!
Please join us to attend the upcoming Grotius Dialogue on Anna Marhold’s new monograph: Energy in International Trade Law: Concepts, Regulation and Changing Markets. A description of the volume is below, and an introductory chapter is available here.
Anna-Alexandra Marhold is Assistant Professor at the Grotius Centre for International Legal Studies at Leiden University. Her specialization is international economic law, with a particular focus on international trade law at the intersection of energy and environmental regulation. During this event, she will discuss her recently published monograph Energy in International Trade Law: Concepts, Regulation and Changing Markets (Cambridge University Press 2021).
The relevance of multilateral energy trading rules was for a long time overlooked, downplayed and underestimated. One explanation for this may be that for many years energy was almost exclusively traded by international, vertically integrated and often state-owned companies. However, energy trade is no longer confined to oil tankers transporting barrels from the Gulf; it now extends to, inter alia, wind turbines and solar panels. The last three decades have indeed brought revolutionary advancements in renewable and clean energy. The clean energy transition has been accompanied by increasing regulation, which in turn has triggered disputes in the context of the World Trade Organization (WTO). And this rise in international trade disputes relating to both renewable and non-renewable energy has led to a growing awareness of the importance of regulating international trade in energy. Moreover, an increasing number of major energy producing, exporting and transporting countries are joining the WTO, acceding to the Energy Charter Treaty (ECT) and/or concluding preferential trade agreements (PTAs) that include provisions relevant to energy.
The books seeks to clarify what we mean by ‘energy’ in the context of international trade rules. Subsequently, the book addresses the relationship between the existing rules and the huge challenges faced by energy markets today – notably, their decentralization and decarbonization – in the light of the ongoing quest for energy security. Through several case studies, it demonstrates that current international rules are often unable to meet the challenges faced by today’s changing energy markets. Energy is by no means the only subject in need of revision within the global trading system but is certainly a topic that, given today’s changing markets, can no longer be overlooked.
Join Zoom Meeting
Meeting ID: 652 0618 2166