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Russia reiventing the Wheel/Governance is not always better governance

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Russia reiventing the Wheel/Governance is not always better governance
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Sir, Russia"s President Dimitry Medvedev has recently proposed a new global charter on international energy co-operation. This comes on the heels of the most recent Russian/Ukrainian gas dispute that left Europe with significantly reduced supplies of gas in the first days of January this year. This was by far the worst disruption of Russian gas supplies ever to Europe, and it has reinforced European concern that it is overly dependant on Russian gas and insufficiently prepared for prolonged gas supply disruptions whatever their origins. Reactions to the disruption were sharp and Russia"s long-standing reputation as a reliable supplier of natural gas was deeply sullied. It is impossible to sort through the gas market/commercial/political origins of this conflict from simmering geopolitics related to Ukraine"s flirtations with NATO or missile defense systems in Russia"s backyard to internecine warfare among Ukraine"s political “leadership”. Intermingled throughout were those who extract rents from the opaque trading relationships between the declared and undeclared gas market players. President Medvedev has taken the trouble to come up with yet another set of principles Russia would like to see apply in global or at least Eurasian energy markets - but as he makes clear himself, he needn"t have bothered. Even if the Charter has not lived up to Russia"s expectations, its principles remain sound. Furthermore, the G8 spent considerable time regrouping most of the Charter"s principles, along with materials from the collapsed MAI negotiations (1998) at the OECD to develop the St Petersburg Global Energy Security Principles released by the G8 at the Russian-hosted Summit in July 2006. At last year"s G8 Summit in Hokkaido, each of the G8 countries self-assessed their compliance with the St Petersburg Principles. The results of that self appraisal were not made public. Why not just return to those principles so carefully negotiated, rather than undertake yet another process that can only delay practical implementation. Conduct another more systematic and public appraisal of G8 countries" adherence to these agreed principles and allow actual national policies and practices to be evaluated in the court of public opinion. Of course the court of public opinion will take an interest in Russia"s own policies and practices as a transit state for Central Asian oil & gas.

 

 

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William C. RAMSAY

Intitulé du poste

Directeur du Centre Energie de l'Ifri de 2008 à 2011, Conseiller de 2012 à 2016

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Climate & Energy
Center for Energy & Climate
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Ifri's Energy and Climate Center carries out activities and research on the geopolitical and geoeconomic issues of energy transitions such as energy security, competitiveness, control of value chains, and acceptability. Specialized in the study of European energy/climate policies as well as energy markets in Europe and around the world, its work also focuses on the energy and climate strategies of major powers such as the United States, China or India. It offers recognized expertise, enriched by international collaborations and events, particularly in Paris and Brussels.

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Couverture Politique étrangère 4-2024

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Date de publication
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Accroche

Following the dramatic floods in Valencia, and as COP29 opens in Baku, climate change is forcing us to closely reexamine the pace—and the stumbling blocks—of the energy transition.

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Can carbon markets make a breakthrough at COP29?

Date de publication
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Accroche

Voluntary carbon markets (VCMs) have a strong potential, notably to help bridge the climate finance gap, especially for Africa.

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Taiwan's Energy Supply: The Achilles Heel of National Security

Date de publication
22 October 2024
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Making Taiwan a “dead island” through “a blockade” and “disruption of energy supplies” leading to an “economic collapse.” This is how Colonel Zhang Chi of the People’s Liberation Army and professor at the National Defense University in Beijing described the objective of the Chinese military exercises in May 2024, following the inauguration of Taiwan’s new president, Lai Ching-te. Similar to the exercises that took place after Nancy Pelosi’s visit to Taipei in August 2022, China designated exercise zones facing Taiwan’s main ports, effectively simulating a military embargo on Taiwan. These maneuvers illustrate Beijing’s growing pressure on the island, which it aims to conquer, and push Taiwan to question its resilience capacity.

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India’s Broken Power Economics : Addressing DISCOM Challenges

Date de publication
15 October 2024
Accroche

India’s electricity demand is rising at an impressive annual rate of 9%. From 2014 to 2023, the country’s gross domestic product (GDP) surged from 1.95 trillion dollars ($) to $3.2 trillion (constant 2015 US$), and the nation is poised to maintain this upward trajectory, with projected growth rates exceeding 7% in 2024 and 2025.  Correspondingly, peak power demand has soared from 136 gigawatts (GW) in 2014 to 243 GW in 2024, positioning India as the world’s third-largest energy consumer. In the past decade, the country has increased its power generation capacity by a remarkable 190 GW, pushing its total installed capacity beyond 400 GW. 

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