Risk Allocation and Distributive Justice in the Energy Industry

by Smith I Azubuike
Risk Allocation and Distributive Justice in the Energy Industry
Author: Smith I Azubuike
Publisher: Edinburgh University Press
Total Pages: 236
Release: 2024-09-30
Genre: Biography & Autobiography
ISBN: 1399517732
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Brings the concept of gross negligence to the fore and highlights how distributive justice forms a better foundation for risk allocation in the offshore energy industry Assessed the practice of risk allocation in gross negligence cases in offshore petroleum drilling contracts Presented a public policy perspective on risk allocation in offshore drilling contracts Discussed gross negligence as a sui generis risk and provides a definitional pathway for determining when gross negligence has occurred and how it should apply to offshore energy drilling contracts to encourage a pollution-free drilling operation Advanced the concept of distributive justice as a basis for risk allocation between participants when a downside arises due to gross negligence This book examines the practice of risk allocation in the offshore energy industry through the public policy lens and offers a novel perspective on the concept of gross negligence in risk allocation. This perspective is founded on the proportionality element of distributive justice in burden distribution. The assessment of how mutual indemnity clauses apply as an absolute shield against liability arising from gross negligence reveals that moral hazard can result from the practice. In the analysis, this book considers the risk allocation practice in PSC and Concession regimes and how parties' liability is determined in drilling contracts. This book considers gross negligence a sui generis risk and provides a definitional pathway for determining when gross negligence occurs and how it should apply to offshore drilling contracts. Thus, it advances an environmental sustainability approach to offshore petroleum drilling operations. This book will be useful to operators and contractors, resource-rich countries, insurance companies, practitioners, scholars, and academics interested in risk allocation in the petroleum industry.

Energy Justice

by Darren McCauley
Energy Justice
Author: Darren McCauley
Publisher: Springer
Total Pages: 119
Release: 2017-08-21
Genre: Social Science
ISBN: 3319624946
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This book re-conceptualizes energy justice as a unifying agenda for scholars and practitioners working on the issues faced in the trilemna of energy security, poverty and climate change. McCauley argues that justice should be central to the rebalancing of the global energy system and also provides an assessment of the key injustices in our global energy systems of production and consumption. Energy Justice develops a new innovative analytical framework underpinned by principles of justice designed for investigating unfairness and inequalities in energy availability, accessibility and sustainability. It applies this framework to fossil fuel and alternative low carbon energy systems with reference to multiple case studies throughout the world. McCauley also presents an energy justice roadmap that inspires new solutions to the energy trilemna. This includes how we redistribute the benefits and burdens of energy developments, how to engage the new energy ‘prosumer’ and how to recognise the unrepresented. This book will appeal to academics and students interested in issues of security and justice within global energy decision-making.

Shaping an Inclusive Energy Transition

by Margot P. C. Weijnen
Shaping an Inclusive Energy Transition
Author: Margot P. C. Weijnen
Publisher: Springer
Total Pages: 245
Release: 2021-08-05
Genre: Technology & Engineering
ISBN: 9783030745851
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This open access book makes a case for a socially inclusive energy transition and illustrates how engineering and public policy professionals can contribute to shaping an inclusive energy transition, building on a socio-technical systems engineering approach. Accomplishing a net-zero greenhouse gas emissions economy in 2050 is a daunting challenge. This book explores the challenges of the energy transition from the perspectives of technological innovation, public policy, social values and ethics. It elaborates on two particular gaps in the design of public policy interventions focused on decarbonization of the energy system and discusses how both could be remedied. First, the siloed organization of public administration fails to account for the many interdependencies between the energy sector, the mobility system, digital infrastructure and the built environment. Cross-sector coordination of policies and policy instruments is needed to avoid potentially adverse effects upon society and the economy, which may hamper the energy transition rather than accelerate it. Second, energy and climate policies pay insufficient attention to the social values at stake in the energy transition. In addressing these gaps, this book intends to inspire decision makers engaged in the energy transition to embrace the transition as an opportunity to bring a more inclusive society into being.

Insurance and Risk Management for Disruptions in Social, Economic and Environmental Systems

by Simon Grima
Insurance and Risk Management for Disruptions in Social, Economic and Environmental Systems
Author: Simon Grima
Publisher: Emerald Group Publishing
Total Pages: 235
Release: 2022-01-24
Genre: Business & Economics
ISBN: 1801171416
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Insurance and Risk Management for Disruptions in Social, Economic and Environmental Systems is a collection of 13 chapters and studies about Insurance and Risk management in response to disruptions caused by social, economic, and environmental challenges to try and stabilize the economy in an effort to ensure sustainability.

Smart Green Innovations in Industry 4.0 for Climate Change Risk Management

by Elena G. Popkova
Smart Green Innovations in Industry 4.0 for Climate Change Risk Management
Author: Elena G. Popkova
Publisher: Springer Nature
Total Pages: 632
Release: 2023-05-16
Genre: Technology & Engineering
ISBN: 3031284577
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This book is devoted to strengthening the theoretical and methodological basis, systematization of international experience, and scientific elaboration of prospects for developing a climate-smart economy and business as a vector of the sustainable development of Industry 4.0 in the Decade of Action. The first part of the book focuses on climate-responsible entrepreneurship in support of the sustainable development of Industry 4.0. The part systematizes best practices for climate-smart green innovations across sectors of the digital economy. The third part reveals the experience of climate risk management based on smart green innovations in regions and countries. Particular attention is paid to the best practices of the European Union (EU) and the Eurasian Economic Union (EAEU). The book ends with part four, which explores ESG climate risk management and green finance in support of combating climate change. The book’s novelty is that it rethinks the environmental footprints of Industry 4.0 from the perspective of climate risks and their management. The theoretical significance of the book lies in the formation of an innovative concept of climate change risk management, in which the economy, society, nature, and technology are presented and interact effectively. The book is intended for scientists. In this book, they will find an innovative and systemic vision of smart green innovations in Industry 4.0 for climate change risk management.

The Caribbean Social Justice Agenda

by Marlon Anatol
The Caribbean Social Justice Agenda
Author: Marlon Anatol
Publisher: Rowman & Littlefield
Total Pages: 253
Release: 2023-04-04
Genre: Political Science
ISBN: 1666923400
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This publication is dedicated to the issues related to Social Justice in the Caribbean, and seeks to increase dialogue among practitioners, unions, labour activists, academics, policy-makers and other individuals from across the social sciences and humanities. It is purposely multi-disciplinary in orientation, intending to cover issues related to work, workers, labour, and related topics, as well as social, organizational and institutional aspects of work and industrial relations. It aims to set the tone for discourse on a wide range of issues related to the future of work and sustainable Caribbean development, Social Justice, industrial relations, governance systems, social protection, social dialogue, cooperatives and community empowerment, the future of education, migration and security, among others, nationally, and regionally. The publication will represent contemporary scholarly contributions from researchers presenting either original or innovative research that contribute to the theory, practice and public policy dimensions of work, migration, labour, industrial relations, and related issues.

The Challenge for Energy Justice

by Raphael J Heffron
The Challenge for Energy Justice
Author: Raphael J Heffron
Publisher: Palgrave Macmillan
Total Pages: 116
Release: 2021-11-01
Genre: Political Science
ISBN: 9783030800963
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Written by one of the world’s leading scholars in the field, this book provides a unique perspective on the connections between energy justice and human rights. Taking an interdisciplinary approach, the author offers an accessible discussion about the implementation of energy justice in practice. The book explores the rise of justice issues in the energy sector, the interdisciplinary nature of energy justice, the economics of energy justice and provides a practical case study on distributive justice. The penultimate chapter focuses on human rights and energy justice in a world first, and explores the topic from the perspective of the opportunity of last resort. This ‘opportunity of last resort’ is the national courts and is the place where societies can seek to have justice enforced through a variety of human rights being protected. Finally, energy justice risks are highlighted alongside the author’s proposed framework for the next generation of energy justice scholars.

Fact and Fiction in Global Energy Policy

by Benjamin K. Sovacool
Fact and Fiction in Global Energy Policy
Author: Benjamin K. Sovacool
Publisher: JHU Press
Total Pages: 389
Release: 2016-04-29
Genre: Political Science
ISBN: 1421418983
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A balanced examination of global energy issues. Energy sustainability and climate change are two of the greatest challenges facing humankind. Unraveling these complex and interconnected issues demands careful and objective assessment. Fact and Fiction in Global Energy Policy aims to change the prevailing discourse by examining fifteen core energy questions from a variety of perspectives, demonstrating how, for each of them, no clear-cut answer exists. Is industry the chief energy villain? Can we sustainably feed and fuel the planet at the same time? Is nuclear energy worth the risk? Should geoengineering be outlawed? Touching on pollution, climate mitigation and adaptation, energy efficiency, government intervention, and energy security, the authors explore interrelated concepts of law, philosophy, ethics, technology, economics, psychology, sociology, and public policy. This book offers a much-needed critical appraisal of the central energy technology and policy dilemmas of our time and the impact of these on multiple stakeholders.

Loss and Damage from Climate Change

by Reinhard Mechler
Loss and Damage from Climate Change
Author: Reinhard Mechler
Publisher: Springer
Total Pages: 563
Release: 2018-11-28
Genre: Science
ISBN: 3319720260
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This book provides an authoritative insight on the Loss and Damage discourse by highlighting state-of-the-art research and policy linked to this discourse and articulating its multiple concepts, principles and methods. Written by leading researchers and practitioners, it identifies practical and evidence-based policy options to inform the discourse and climate negotiations. With climate-related risks on the rise and impacts being felt around the globe has come the recognition that climate mitigation and adaptation may not be enough to manage the effects from anthropogenic climate change. This recognition led to the creation of the Warsaw International Mechanism on Loss and Damage in 2013, a climate policy mechanism dedicated to dealing with climate-related effects in highly vulnerable countries that face severe constraints and limits to adaptation. Endorsed in 2015 by the Paris Agreement and effectively considered a third pillar of international climate policy, debate and research on Loss and Damage continues to gain enormous traction. Yet, concepts, methods and tools as well as directions for policy and implementation have remained contested and vague. Suitable for researchers, policy-advisors, practitioners and the interested public, the book furthermore: • discusses the political, legal, economic and institutional dimensions of the issue• highlights normative questions central to the discourse • provides a focus on climate risks and climate risk management. • presents salient case studies from around the world.