A common vision of energy risk? Energy securitisation and company perceptions of risk in the EU
In the European Union, energy security is provided by EU institutions, member states and commercial energy companies. However, despite the important role companies play in the provision of European energy security, it is not immediately evident to what extent the interests of the internationally ope...
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| Format: | Article |
| Language: | English |
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UACES
2012-08-01
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| Series: | Journal of Contemporary European Research |
| Subjects: | |
| Online Access: | http://jcer.net/index.php/jcer/article/view/492/351 |
| _version_ | 1819103201069105152 |
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| author | Edward Stoddard |
| author_facet | Edward Stoddard |
| author_sort | Edward Stoddard |
| collection | DOAJ |
| description | In the European Union, energy security is provided by EU institutions, member states and commercial energy companies. However, despite the important role companies play in the provision of European energy security, it is not immediately evident to what extent the interests of the internationally operating energy firms are in line with the energy security preferences held by EU institutions. Analysing this relationship from the perspective of perceptions of energy security and energy business risk, this paper examines the extent to which there is a convergence between the energy securitisation of the European Commission and the observation of business risk as perceived by major European and international energy firms. It finds that while there are some significant areas where Commission securitisation contradicts energy company interests (e.g. climate change and energy prices) there is also a high degree of convergence, in particular regarding perceptions of upstream political risk. |
| first_indexed | 2024-12-22T01:46:41Z |
| format | Article |
| id | doaj.art-4d653c0b17a44743b940637da840e384 |
| institution | Directory Open Access Journal |
| issn | 1815-347X |
| language | English |
| last_indexed | 2024-12-22T01:46:41Z |
| publishDate | 2012-08-01 |
| publisher | UACES |
| record_format | Article |
| series | Journal of Contemporary European Research |
| spelling | doaj.art-4d653c0b17a44743b940637da840e3842022-12-21T18:43:02ZengUACESJournal of Contemporary European Research1815-347X2012-08-0183340366A common vision of energy risk? Energy securitisation and company perceptions of risk in the EUEdward Stoddard0University of PortsmouthIn the European Union, energy security is provided by EU institutions, member states and commercial energy companies. However, despite the important role companies play in the provision of European energy security, it is not immediately evident to what extent the interests of the internationally operating energy firms are in line with the energy security preferences held by EU institutions. Analysing this relationship from the perspective of perceptions of energy security and energy business risk, this paper examines the extent to which there is a convergence between the energy securitisation of the European Commission and the observation of business risk as perceived by major European and international energy firms. It finds that while there are some significant areas where Commission securitisation contradicts energy company interests (e.g. climate change and energy prices) there is also a high degree of convergence, in particular regarding perceptions of upstream political risk.http://jcer.net/index.php/jcer/article/view/492/351EU external energy policyenergy companiesenergy securitysecuritisationenergy riskpolitical risk |
| spellingShingle | Edward Stoddard A common vision of energy risk? Energy securitisation and company perceptions of risk in the EU Journal of Contemporary European Research EU external energy policy energy companies energy security securitisation energy risk political risk |
| title | A common vision of energy risk? Energy securitisation and company perceptions of risk in the EU |
| title_full | A common vision of energy risk? Energy securitisation and company perceptions of risk in the EU |
| title_fullStr | A common vision of energy risk? Energy securitisation and company perceptions of risk in the EU |
| title_full_unstemmed | A common vision of energy risk? Energy securitisation and company perceptions of risk in the EU |
| title_short | A common vision of energy risk? Energy securitisation and company perceptions of risk in the EU |
| title_sort | common vision of energy risk energy securitisation and company perceptions of risk in the eu |
| topic | EU external energy policy energy companies energy security securitisation energy risk political risk |
| url | http://jcer.net/index.php/jcer/article/view/492/351 |
| work_keys_str_mv | AT edwardstoddard acommonvisionofenergyriskenergysecuritisationandcompanyperceptionsofriskintheeu AT edwardstoddard commonvisionofenergyriskenergysecuritisationandcompanyperceptionsofriskintheeu |