One of the commonplace issues in energy debates has been Russian/Middle Eastern dominance, as suppliers of oil and natural gas as well as energy security efforts have long been framed as “security of supply.” The 1973-4 Oil Crisis was undeniably and historically the hallmark of the poignancy of such a framework. Furthermore, the end of the Cold War added “security of transit” to the agenda. With the increasing resilience of energy infrastructures, technological, and institutional innovations, we now are witnessing the “security of demand” concerns that push the conventional suppliers to rethink their policies.
From Energy Security to Energy Governance: Turkey’s Role in a Globalizing Energy Landscape
The logic of energy security is changing, with supply security being de-emphasized, governance and collective solutions are being increasingly emphasized. As issues of energy, climate change, sustainability, energy-poverty have become thoroughly intermingled, the challenge of energy security cannot be tackled merely by mercantilist, national, uni-dimensional tools. Turkish energy transition is in a excellent position to derive lessons from this security-governance supplantation and also be a catalyst for the region as well as the globe.
Special Session of G-20 during the 6th World Forum on Energy Regulation held in İstanbul, on May 25-28, 2015. AA PHOTO / BURAK AKBULUT
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