This module will focus on the need to intervene in markets to address the issues of externality arising out of the social costs of pollution. It will do so by particular reference to the energy sector. It will also demonstrate how energy production, transmission and consumption is regulated. The following topics maybe addressed: rationality for regulation; modes of regulatory interventions;, problems of regulatory enforcement; impacts on environmental media; third-party access and cross-border trade in energy, security of supply and public service obligations, market competition; the liberalisation v regulation debate.
Learning Outcomes
By the end of the module students should be able to:
• Articulate the reasons for and the pros and cons of regulatory structures;
• Apply principles of environmental jurisprudence to inform and solve problems;
• Critically assess the interconnections between environmental law and energy law with particular relevance to regulation;
• Analyse comparative approaches to regulation and critically appraise them.
Assessment
38926-01 : Essay : Coursework (100%)
Assessment Methods & Exceptions
Assessment: 1 x 5,000 word essay (100%). Reassessment: Resubmission of failed component(s)
