The Global Energy Governance Structure and China-Europe Energy Relations

Abstract

The global energy reserves are limited. The competition over energy resources among the different countries has become increasingly fierce particularly since the two oil crises in the 1970s. As the current global system of energy governance was established in the 1970s and the comparative economic strength of different nations has changed a lot, the current system of energy governance can no longer meet the needs of global economic development and is facing greater pressure to make reforms. China and Europe are two important players on the world energy markets, thus competition and cooperation between them in the energy field will have a great impact on the emergence of a future global system of energy governance.