Reshaping the International Energy Security Governance System and China's Response
Under the background of climate change and geopolitical conflicts,the international energy security governance system continues to be imbalanced and unstable,which is mainly manifested in the fluctuation of the energy price governance mechanism and the oil price shock,the proliferation of energy security governance issues,the change of energy security endowment structure and the transfer of supply chain,this has led to the current pattern of global energy governance being characterized by the weakening of the geopolitical attributes of clean energy,the low-cost and low-risk nature of mainstream oil assets,the rise of transnational and regional power grids,and the strengthening of the power of energy resource-rich countries.In terms of causes,the imbalance in the international energy security governance system is due to a combination of factors,ranging from man-made factors such as geopolitical rivalry,the weaponization of energy and the hemispherization of the supply chain,to non-man-made factors such as climate change and technological change.Among these factors,climate change is a long-term variable affecting the global energy security governance system,geopolitical events such as the Russia-Ukraine conflict are immediate variables,efforts by actors such as the European Union(EU)seeking to disengage from the fossil energy demand system have led to accelerated changes in the energy security governance system,and the weaponization of energy is contributing to the reshaping of the global energy landscape.China is currently facing multiple challenges,from high external dependence,high fossil fuel dependence to low energy finance discourse,as well as Geopolictical security issues,such as increased risks in import corridors and volatility in nodal regions.In this regard,China should pay attention to energy resilience building and energy diplomacy,strengthen multilateral multi-level energy security governance cooperation,actively provide global energy security public goods,and enhance its institutional power in international energy security governance with the goal of building a global community of shared future.
Energy SecurityGeopolictical securityGlobal Energy GovernanceMiddle East Market