A liberal actor in a realist world: the European Union regulatory state and the global political economy of energy
In: Oxford scholarship online
In: Political science
This work assesses the changing nature of the global political economy of energy and the European Union's response, as well as the external dimension of the regulatory state. It concludes that the EU's soft power has a hard edge, which is derived primarily from its regulatory power. This works best when it targets companies rather than governments, and it is more effective in the 'near abroad' than at the global level. This makes the EU emerge as an actor in its own right in the global political economy of energy - a 'regulatory power Europe'.