The oil endgame: Strategies of oil exporters in a carbon-constrained world

Environmental Science and Policy

Volumn 54, Issue , 2015, Pages 456-462

  Van de Graaf, Thijs ^a   Verbruggen, Aviel ^b  

^a GHENT UNIVERSITY   (Belgium)

^b UNIVERSITY OF ANTWERP   (Belgium)

Author keywords

Climate policy; Decarbonization; Green paradox; OPEC; Peak oil demand; Petrostates

Indexed keywords

CARBON; OIL; PETROLEUM;

ARTICLE; CLIMATE; CLIMATE CHANGE; COMPENSATION; ECONOMIC ASPECT; ECONOMIC DEVELOPMENT; ENERGY; ENVIRONMENTAL PLANNING; GREENHOUSE EFFECT; POPULATION GROWTH; PRIORITY JOURNAL; RENEWABLE ENERGY; UNITED ARAB EMIRATES;

EID: 84941264556     PISSN: 14629011     EISSN: 18736416     Source Type: Journal    
DOI: 10.1016/j.envsci.2015.08.004     Document Type: Article

References (69)

1. Almoguera P.A., Douglas C., Herrera A.M. Testing for the cartel in OPEC: non-cooperative collusion or just non-cooperative?. Oxf. Rev. Econ. Policy 2011, 27(1):144-168.
2. Auty R. Sustaining Development in Mineral Economies: The Resource Curse Thesis 2002, Routledge.
3. Barnett J., Dessai S. Articles 4.8 and 4.9 of the UNFCCC: adverse effects and the impact of response measures. Clim. Policy 2002, 2:231-239.
4. Barnett J., Dessai S., Webber M. Will OPEC lose from the Kyoto Protocol?. Energy Policy 2004, 32(18):2077-2088.
5. Bartsch U., Müller B. Fossil Fuels in a Changing Climate 2000, Oxford University Press, Oxford, UK.
6. Bauer N., Mouratiadou I., Luderer G., Baumstark L., Brecha R.J., Edenhofer O., Kriegler E. Global fossil energy markets and climate change mitigation - an analysis with REMIND. Clim. Change 2013, 1-14.
7. 2 emission mitigation and fossil fuel markets: dynamic and international aspects of climate policies. Technol. Forecast. Soc. 2015, 90(PA):243-256.
8. Böhringer C., Rosendahl K.E., Schneider J. Unilateral climate policy: can OPEC resolve the leakage problem?. Energy J. 2014, 35(4):79-100.
9. BP Statistical Review of World Energy, June 2014 2014, Available at: http://www.bp.com/statisticalreview (accessed 20.10.14).
10. BP BP Energy Outlook 2035. February, 2015 2015, Available at: http://www.bp.com/energyoutlook (accessed 02.07.15).
11. BP Statistical Review of World Energy, June 2015 2015, Available at: http://www.bp.com/statisticalreview (accessed 22.06.15).
12. Brandt A.R., Millard-Ball A., Ganser M., Gorelick S.M. Peak oil demand: the role of fuel efficiency and alternative fuels in a global oil production decline. Environ. Sci. Policy 2013, 47(14):8031-8041.
13. Bridge G., Wood A. Less is more: spectres of scarcity and the politics of resource access in the upstream sector. Geoforum 2010, 41:565-576.
14. Cairns R.D., Calfucura E. OPEC: market failure or power failure?. Energy Policy 2012, 50:570-580.
15. Cairns R.D. The green paradox of the economics of exhaustible resources. Energy Policy 2014, 65:78-85.
16. Capalino R., Spedding P., Fulton M. Oil Demand: Comparing Projections and Examining Risks. Carbon Tracker Initiative, May 8 2014, Available at: http://www.carbontracker.org/wp-content/uploads/2014/05/Chapter1ETAdemandfinal.pdf (accessed 04.08.15).
17. Cherp A., Jewell J., Vinichenko V., Bauer N., De Cian E. Global energy security under different climate policies, GDP growth rates and fossil resource availabilities. Clim. Change 2013, 10.1007/s10584-013-0950-x.
18. Citigroup Global Oil Demand Growth - The End is Nigh 2013, Citi Research.
19. Claes D.H. The Politics of Oil-Producer Cooperation 2001, Westview Press, Oxford.
20. Colgan J.D. Petro-Aggression: When Oil Causes War 2013, Cambridge University Press, Cambridge.
21. Colgan J.D. The emperor has no clothes: the limits of OPEC in the global oil market. Int. Organ. 2014, 68(3):599-632.
22. Depledge J. Striving for no: Saudi Arabia in the climate change regime. Glob. Environ. Polit. 2008, 8(4):9-35.
23. ExxonMobil The Outlook for Energy: A View to 2040 2015, Available from: http://corporate.exxonmobil.com/en/energy/energy-outlook (accessed 02.07.15).
24. Fang S., Jaffe A.M., Loch-Temzedelis T. New alignments? The geopolitics of gas and oil cartels and the changing middle east. Econ. Energy Environ. Policy 2014, 3(1):1-12.
25. Fattouh B., El-Katiri L. Energy Subsidies in the Arab World. Arab Human Development Report. Research Paper Series 2012, UNDP.
26. Fattouh B., Mahadeva L. OPEC: what difference has it made?. Annu. Rev. Resour. Econ. 2013, 5(1):427-443.
27. Gelb A. Economic diversification in resource-rich countries. Paper Presented at Seminar on 'Natural Resources, Finance and Development: Confronting Old and New Challenges' 2010, Available at: http://www.imf.org/external/np/seminars/eng/2010/afrfin/pdf/Gelb2.pdf (accessed 29.10.14).
28. Geman B. The other peak oil: demand from developed world falling. Scientific American 2009, October 13.
29. Haber S., Menaldo V.A. Do natural resources fuel authoritarianism? A reappraisal of the resource curse. APSR 2011, 105(1):1-26.
30. Hamilton J.D. The changing face of world oil markets. IAEE Newsl. 2014, 2014:7-16.
31. Hotelling H. The economics of exhaustible resources. J. Polit. Econ. 1931, 39:137-175.
32. 2 Emissions from Fuel Combustion: Highlights 2013 2013, IEA/OECD, Paris.
33. IEA World Energy Outlook 2013 2013, IEA/OECD, Paris.
34. IEA Key World Energy Statistics 2014 2014, IEA/OECD, Paris.
35. IEA Oil Market Report, 11 September 2014 2014, Available at: http://www.iea.org/oilmarketreport/omrpublic/ (accessed 27.10.14).
36. IEA World Energy Outlook 2014 2014, IEA/OECD, Paris.
37. IEA Energy Technology Perspectives 2015 - Mobilising Innovation to Accelerate Climate Action 2015, IEA/OECD, Paris.
38. IHS CERA Oil Demand from Developed Countries Has Peaked 2009, Available at: http://press.ihs.com/press-release/energy-power/oil-demand-developed-countries-has-peaked (accessed 20.10.14).
39. Jewell J., Cherp A., Riahi K. Energy security under de-carbonization scenarios: an assessment framework and evaluation under different technology and policy choices. Energy Policy 2014, 65:743-760.
40. Johansson D.J.A., Azar C., Lindgren K., Persson T.A. OPEC strategies and oil rent in a climate conscious world. Energy J. 2009, 30(3):23-50.
41. Karl T.L. Ensuring fairness: the case for a transparent fiscal social contract. Escaping the Resource Curse 2007, Columbia University Press. M. Humphreys, J.D. Sachs, J.E. Stiglitz (Eds.).
42. Klare M.T. The Race for What's Left: The Global Scramble for the World's Last Resources 2012, Metropolitan Books, New York.
43. Lederman D., Maloney W.F. Trade structure and growth. Natural Resources: Neither Curse Nor Destiny 2007, 15-40. Stanford University Press and the World Bank, Washington, DC. D. Lederman, W.F. Maloney (Eds.).
44. Martin P.L. Global governance from the Amazon: leaving oil underground in Yasuní National Park, Ecuador. Glob. Environ. Polit. 2011, 11(4):22-42.
45. McCollum D., Bauer N., Calvin K., Kitous A., Riahi K. Fossil resource and energy security dynamics in conventional and carbon-constrained worlds. Clim. Change 2014, 123(3-4):413-426.
46. McGlade C., Ekins P. Un-burnable oil: an examination of oil resource utilisation in a decarbonised energy system. Energy Policy 2014, 64:102-112.
47. McGlade C., Ekins P. The geographical distribution of fossil fuels unused when limiting global warming to 2°C. Nature 2015, 517:187-190.
48. McKibbin W., Ross T., Shackleton R., Wilcoxen P. Emissions trading, capital flows and the Kyoto Protocol. Energy J. 1999, 287-335.
49. OPEC Who Gets What from Imported Oil? September 2014 2014, OPEC Secretariat, Vienna.
50. OPEC World Oil Outlook 2014 2014, OPEC Secretariat, Vienna.
51. Persson T.A., Azar C., Lindgren K., Johansson D.J.A. Major oil exporters may profit rather than lose, in a carbon constrained world. Energy Policy 2007, 35:6346-6353.
52. Riahi K., Dententener F., Gielen D., Grubler A., Jewell J., Klimot Z., Krey V., et al. Chapter 17 - Energy pathways for sustainable development, in Global Energy Assessment: Toward a More Sustainable Future 2012, 1203-1306. Cambridge University Press/the International Institute for Applied Systems Analysis, Cambridge, UK/New York, NY, USA/Laxenburg.
53. Ross M.L. The oil curse: how petroleum wealth shapes the development of nations 2012, Princeton University Press.
54. Rühl C. Over the hump for oil demand. Financial Times 2014.
55. Sachs J.D., Warner A.M. Natural resources and economic development: the curse of natural resources. Eur. Econ. Rev. 2001, 45:827-838.
56. Shell New Lens Scenarios: A Shift in Perspective for a World in Transition 2013, Available from: http://www.shell.com/global/future-energy/scenarios/new-lens-scenarios.html (accessed 02.07.15).
57. Sinn H.W. The Green Paradox: A Supply-Side Approach to Global Warming. Cambridge 2012, MIT Press, MA.
58. Tavoni M., Kriegler E., Aboumaboub T., Calvin K.V., De Maeure G., Jewell J., et al. The distribution of the major economies' effort in the Durban platform scenarios. Clim. Change Econ. 2013, 4(4). 10.1142/S2010007813400095.
59. van Vuuren D.P., den Elzen M.G.J., Berk M.M., Lucas P., Eickhout B., Eerens H., Oostenrijk R. Regional Costs and Benefits of Alternative Post-Kyoto Climate Regimes: Comparison of Variants of the Multi-stage and Per Capita Convergence Regime. Report 728001025 2003, RIVM, Bilthoven, the Netherlands.
60. Van Vuuren D.P., Edmonds J., Kainuma M., Riahi K., Thomson A., Hibbard K., Hurtt G.C., Kram T., Krey V., Lamarque J.-F., Masui T., Meinshausen M., Nakicenovic N., Smith S.J., Rose S.K. The representative concentration pathways: An overview. Climatic Change 2011, 109(1):5-31.
61. Verbruggen A., Al Marchohi M. Views on peak oil and its relation to climate change policy. Energy Policy 2010, 38:5572-5581.
62. Verbruggen A., Van de Graaf T. Peak oil supply or oil not for sale?. Futures 2013, 53:74-85.
63. Victor D.G., Hults D.R., Thurber M.C. Oil and governance: state-owned enterprises and the world energy supply. 2011, Cambridge University Press, Cambridge.
64. Waisman H., Rozenberg J., Hourcade J.C. Monetary compensations in climate policy through the lens of a general equilibrium assessment: the case of oil-exporting countries. Energy Policy 2013, 63:951-961.
65. Wei J., Hennlock M., Johansson D.J., Sterner T. The fossil endgame: strategic oil price discrimination and carbon taxation. J. Environ. Econ. Policy 2012, 1(1):48-69.
66. Wirl F. Global warming: prices versus quantities from a strategic point of view. J. Environ. Econ. Manag. 2012, 64(2):217-229.
67. Wittmann N. OPEC: how to transition from black to green gold. Energy Policy 2013, 62:959-965.
68. World Bank World Development Indicators 2014, Available from: wdi.worldbank.org (accessed 20.10.14).
69. World Bank Zero Routine Flaring by 2030 2015, Available from: http://www.worldbank.org/en/programs/zero-routine-flaring-by-2030 (accessed 04.08.15).