Goldthau, Andreas, <br/><br/>
A liberal actor in a realist world :   the European Union regulator y state and the global political economy of energy / 
Andreas Goldtha u and Nick Sitter. 
 - First edition. 
 - viii, 168 pages :   illustrations ;   24 cm 
<br/><br/>Includes bibliographical references (pages 133-159) and index. 
<br/><br/>Introduction : the European Union and the changing international pol itical economy of energy -- The changing international political econom y of energy -- The EU regulatory sate and energy security -- Oil market s : dealing with global market failures -- Gas markets : dealing with m arket failures and asymmetric power in the near abroad -- The carbon ch allenge : dealing with the externalities of energy markets -- The long reach of the regulatory state : "regulatory power Europe" -- Conclusion : a liberal actor in a realist world. 
<br/><br/>  Since 1992, the European Union has put liberalisation at the core of its energy policy agenda. This aspiration was very much in line with a n international political economy driven by the neo-liberal (Washington ) consensus. The central challenge for the EU is that the energy world has changed, while the EU has not. The rise of Asian energy consumers ( China and India), more assertive energy producers (Russia), and the thr eat of climate change have securitized the IPE of energy, and turned it more 'realist'. The main research question is therefore: 'What does a liberal actor do in a realist world?' The overall answer as far as the EU is concerned is that it approaches energy challenges as a problem of market failure: imperfect competition on the supply side; inadequate s upply of public goods on the demand side and in terms of infrastructure ; and large externalities that arise both from non-energy events and fr om large-scale consumption of fossil fuels. 'A Liberal Actor in a Reali st World' assesses the changing nature of the global political economy of energy and the European Union's response, and the external dimension of the regulatory state. 
<br/><br/><label>ISBN: </label>9780198719595 
<br/><br/><label>Subjects--Corporate Names: </label><br/> European Union.<br/> European Union.
<br/><br/><label>Subjects--Topical Terms: </label><br/> Energy policy-- European Union countries.<br/> Energy policy.
<br/><br/><label>Subjects--Geographic Terms: </label><br/> Europe-- European Union countries.
<br/><br/><label>Dewey Class. No.: </label>320