The course provides a survey and analysis of the various dimensions, domestic and international, of policy formulation that, taken together, constitute energy policy. These dimensions include contributing to access to and production of natural energy resources; insuring the security and reliability of energy sources; promoting the diversity of fuels and development of new technologies in light of energy security and climate change mitigation objectives; promoting energy conservation and energy efficiency; environmental regulation at the domestic (air and water quality) and global (climate) levels. The objectives inspiring these policies are pursued through a combination of reliance on energy markets; subsidies and tax policy; development of energy infrastructure and a broad array of international policies influencing relations among and between net exporting and net importing countries. The origin of each policy issue, and lessons from significant "market failures," are examined and the consequences of policy alternatives are evaluated. The major legal and regulatory themes of U.S. energy policy are examined (Part 1) and so are the essential dimensions of international policies affecting the international energy scene.
?
?