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3 - Foundational Approach

Regulating Negative Externalities

Published online by Cambridge University Press:  17 September 2022

Jorge E. Viñuales
Affiliation:
University of Cambridge
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Summary

This chapter examines the rules that place limits on the negative externalities of international energy transactions. It begins with a discussion of certain rules which appear in the very instruments enabling and protecting the transaction (investment, trade and transit). The advantages and disadvantages of including these ‘special’ externality-relevant rules in such instruments are analysed in the light of some illustrations. Subsequently, it examines the ‘general’ externality-relevant rules, namely those laid down in instruments whose main purpose is not the organisation of international energy transactions but the regulation of their negative externalities. The discussion is organised in four steps based on whether the relevant rules focus on cost-internalisation, prevention, response or reparation.

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Publisher: Cambridge University Press
Print publication year: 2022

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  • Foundational Approach
  • Jorge E. Viñuales, University of Cambridge
  • Book: The International Law of Energy
  • Online publication: 17 September 2022
  • Chapter DOI: https://doi.org/10.1017/9781108235273.006
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To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

  • Foundational Approach
  • Jorge E. Viñuales, University of Cambridge
  • Book: The International Law of Energy
  • Online publication: 17 September 2022
  • Chapter DOI: https://doi.org/10.1017/9781108235273.006
Available formats
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Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Foundational Approach
  • Jorge E. Viñuales, University of Cambridge
  • Book: The International Law of Energy
  • Online publication: 17 September 2022
  • Chapter DOI: https://doi.org/10.1017/9781108235273.006
Available formats
×