The Journal of World Investment & Trade · 2018 · 19 citations · 0 references
Social SciencesEconomicsInternational RelationsEnergy EconomicsEnergy PolicyInternational Political EconomyCross-border Energy TradeEnergy GovernanceEnergy Infrastructure PolicyEnergy PoliticsEnergy SecurityGovernance Of Energy InfrastructureCross-border Energy Import RegulationEnergyEnergy Infrastructure FundingEnergy Infrastructure PoliticsEnergy Security LawEuropean Energy LawEuropean Union PoliticsTransatlantic Trade
Abstract In the context of the Transatlantic Trade and Investment Partnership (TTIP), the European Union (EU) has taken the lead in promoting the inclusion of a specific chapter on energy trade and investment in order to enhance energy security and promote renewable energy. Irrespective of the success of the TTIP negotiations, the EU proposal can contribute to developing multilateral rules on energy trade and investment. This is especially important given the increased number of energy disputes filed by the EU and the United States against other leading energy market players, including the BRICS. This article provides a normative analysis of the new rules proposed by the EU and reflects on potential responses of BRICS energy regulators. It argues that, while these rules are unlikely to immediately affect BRICS energy practices, they may eventually be ‘imported’ in BRICS domestic jurisdictions in order to promote renewable energy and attract investment in energy infrastructure.