Publication Type

Journal Article

Publication Date

9-2011

Abstract

Thelack of global consensus on how to deal with complex energy governancechallenges has led to the emergence of information disclosure initiatives asgovernance tools in and of themselves. This article assesses the effectivenessof disclosure mechanisms as tools of energy governance by looking at themotivations and desired outcomes behind a series of disclosure-basedinitiatives in the energy sector, namely: making energy markets work moreefficiently; inducing corporations to internalize their climate changeexternalities; and improving democratic processes that lead to better energygovernance outcomes. The disclosure initiatives assessed in this article adoptdifferent strategies to achieve their objectives, mobilizing either users ofinformation or holders of information, with varying effectiveness. Wherepressures for secrecy exist, voluntary disclosures without formal sanctions toincentivize compliance have limited impact. Where users of information areprimarily mobilized as drivers of change, the disclosures have to be easilyunderstood to have impact; this is no easy task when it comes to the energysector. Disclosure mechanisms that use a strategy of engagement and building ofwide networks have perhaps the best potential to influence (or pressure)holders of information to change their behavior accordingly. However,disclosure mechanisms underpinned by western-influenced values of governmentaltransparency may not be as effective in countries that lack democratic systems.

Discipline

Energy Policy

Research Areas

Political Science

Publication

Global Policy

Volume

2

Issue

1

ISSN

1758-5880

Publisher

Wiley: 24 months

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Additional URL

http://www.globalpolicyjournal.com/articles/climate-change-energy-and-sustainability/information-disclosure-global-energy-governance

Included in

Energy Policy Commons

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