Abstract
States and markets are key to energy policy and as such belong to the very core of energy policy analysis. How exactly they are linked is always an empirical puzzle, the solving of which depends on time and geography. As the contributions to this book indicate, it matters where we are. For example, in post-Lisbon Treaty Europe the energy policies of EU member states are slowly but painfully converging as a result of supranational regulation initiated by the member states, forcing more competition among energy market actors. In Asia, by contrast, market actors mostly face regulation by state-level institutions, with emerging sub-regional integration mostly led by multinational companies.
The work for this chapter was supported by the Academy of Finland project ‘Energy Policy in European Integration’ (Aalto, 2011–2015, no. 139686) and Academy of Finland Centre of Excellence, ‘Choices of Russian Modernization’ (Kivinen, 2012–2017). This article also draws upon my work with Dicle Korkmaz Temel and Iida Jaakkola, while I also wish to acknowledge useful commentary from the members of the Institute of Advanced Social Studies of the University of Tampere; and Andrei Belyi, Päivi Karhunen, Pekka Sutela, and Kim Talus.
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Aalto, P. (2015). States and Markets in Energy Policy. In: Belyi, A.V., Talus, K. (eds) States and Markets in Hydrocarbon Sectors. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137434074_3
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DOI: https://doi.org/10.1057/9781137434074_3
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