Energy

This Handbook offers a comprehensive overview of the latest research from leading scholars on the international political economy of energy and resources. Highlighting the important conceptual and empirical themes, the chapters study all levels of governance, from global to local, and explore the wide range of issues emerging in a changing political and economic environment.

A former governor of Texas – the state that produces more crude oil, natural gas, lignite coal, wind power and refined petroleum products than any other – would seem to be a natural choice for secretary of energy. Yet, assuming he is confirmed by the Senate, Rick Perry will face a paradox.

For more than a decade there has been talk of a global “nuclear renaissance,” and until recently Vietnam looked to be part of it, making plans to build nuclear infrastructure and taking the necessary steps to become a member of the international nuclear community. Then, last month, after a year or more of troubling signs, the government officially suspended its nuclear development plans.

Before trashing the Iran deal — the agreement inked last fall, which limits Iran’s nuclear program in exchange for sanctions relief — the incoming Trump administration should consider how a policy of soft economic engagement with Tehran could provide Washington with strategic leverage and increased bargaining power in a post-Iran deal world.

Throughout his campaign, now President-elect Trump attacked the Iran deal, claiming that “it will go down in history as one of the worst deals ever negotiated.” The future of the deal now seems to be far less certain, as Trump fills key positions with outspoken critics of the agreement. Congressman Mike Pompeo (R-KS), Trump’s recent pick for CIA director, is well-known for his hardline stance on the deal, recently noting that it should be “rolled back.”

In the late 2000s, energy forecasts began to use the term “nuclear renaissance” to refer to the fast-growing nuclear power program of China, and to the emergence of the so-called “nuclear aspirants” embarking on their first nuclear power projects. Many among these newcomers are members of the Association of Southeast Asian Nations (ASEAN). For this reason, nuclear suppliers like the United States, Russia, Japan, and South Korea have been particularly active in signing cooperation agreements with ASEAN nations or supporting these countries to explore the feasibility of nuclear energy.

Dr Olli Heinonen, S. Rajaratnam Professor of Strategic Studies, on 25 October 2016, in a RSIS seminar at the Nanyang Technological University, Singapore.