Renewables, Preferential Trade Agreements and EU Energy Security

43 Pages Posted: 28 Jul 2015 Last revised: 8 Aug 2015

See all articles by Rafael Leal-Arcas

Rafael Leal-Arcas

Queen Mary University of London - School of Law

Valentina Caruso

University of London - Centre for Commercial Law Studies (CCLS)

Raphaela Leupuscek

Queen Mary, University of London

Date Written: July 26, 2015

Abstract

A major aim of the international community is to decarbonize the economy. With renewables, international trade in energy is likely to increase. In turn, the international trading system can be a major vehicle towards moving away from fossil fuels to renewable energy. To this end, it can provide fair competition, economies of scale and knowledge transfer. This article analyzes the impact of European Union (EU) preferential trade agreements (PTAs) in addressing climate change mitigation and energy security by promoting renewables. Currently, there is a proliferation of PTAs; this trend seems irreversible and is likely to persist, given the current crisis in the multilateral trading system. We argue that the EU can, through its network of PTAs, move towards greater energy independence as renewable energy becomes increasingly economically viable. This article provides a thorough review of the renewable energy-related provisions in the EU’s current PTAs and recommends three tangible ways through which the EU could capitalize its vast network of PTAs to boost the renewable energy market.

Keywords: renewable energy; preferential trade agreements; energy security; EU; Energy Community; climate change

Suggested Citation

Leal-Arcas, Rafael and Caruso, Valentina and Leupuscek, Raphaela, Renewables, Preferential Trade Agreements and EU Energy Security (July 26, 2015). Laws, Vol. 4, Issue 3, pp. 472-514; Queen Mary School of Law Legal Studies Research Paper No. 208/2015. Available at SSRN: https://ssrn.com/abstract=2636045

Rafael Leal-Arcas (Contact Author)

Queen Mary University of London - School of Law ( email )

67-69
Lincoln's Inn Fields
Holborn, London WC2A 3JB
United Kingdom

HOME PAGE: http://www.ccls.qmul.ac.uk/staff/lealarcas.html

Valentina Caruso

University of London - Centre for Commercial Law Studies (CCLS) ( email )

Charterhouse Square
London, EC1M 6AX
United Kingdom

Raphaela Leupuscek

Queen Mary, University of London ( email )

Mile End Road
London, London E1 4NS
United Kingdom

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