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Energy Market Integration in East Asia: A Regional Public Goods Approach

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  • Philip Andrews-Speed

    (Chatham House, UK)

Abstract

This study applies a regional public goods approach to the study of energy market integration (EMI) in East Asia, with a view to clarifying the outlook for such integration and the likely obstacles to be encountered. In addition to drawing on theoretical ideas relating to regional public goods, the paper will also draw on the experience of the European Union in its attempts to develop a single energy market. The study shows that many services are needed in order to develop and sustain a regional integrated energy market that some of these services have characteristics of regional public goods, though some may also be trans-regional or global in nature as well. The study recommends that :EMI in East Asia should be pursued in an incremental manner and mainly at a sub-regional scale; and the specific steps taken towards EMI should be chosen on the basis of their likely positive economic impacts and their likely ease of delivery.

Suggested Citation

  • Philip Andrews-Speed, . "Energy Market Integration in East Asia: A Regional Public Goods Approach," Chapters,, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:chaptr:2010-rpr-25-02
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    File URL: http://www.eria.org/publications/research_project_reports/images/pdf/y2010/no25/2_Ch2_AndrewsSpeed_A_Regional_Public_Goods_Approach_Final.pdf
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    Cited by:

    1. Qadir, Saeed & Dosmagambet, Yergali, 2020. "CAREC energy corridor: Opportunities, challenges, and IMPACT of regional energy trade integration on carbon emissions and energy access," Energy Policy, Elsevier, vol. 147(C).
    2. Odgaard, Ole & Delman, Jørgen, 2014. "China׳s energy security and its challenges towards 2035," Energy Policy, Elsevier, vol. 71(C), pages 107-117.
    3. Aalto, Pami, 2014. "Institutions in European and Asian energy markets: A methodological overview," Energy Policy, Elsevier, vol. 74(C), pages 4-15.
    4. Aalto, Pami, 2014. "Energy market integration and regional institutions in east Asia," Energy Policy, Elsevier, vol. 74(C), pages 91-100.
    5. Navarro, Adoracion M. & Sambodo, Maxensius Tri & Todoc, Jessie L., 2013. "Energy Market Integration and Energy Poverty in ASEAN," Discussion Papers DP 2013-50, Philippine Institute for Development Studies.
    6. Navarro, Adoracion M. & Sambodo, Maxensius Tri, 2013. "The Pathway to ASEAN Energy Market Integration," Discussion Papers DP 2013-49, Philippine Institute for Development Studies.
    7. Vivoda, Vlado, 2014. "Natural gas in Asia: Trade, markets and regional institutions," Energy Policy, Elsevier, vol. 74(C), pages 80-90.

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