Business, Policy and Regulation in the Global Energy Industry

Systemic changes are needed in order to promote effective action to tackle carbon dioxide emissions. Society needs more energy as much as it needs better ways to reduce the negative environmental effects of its production and use. Governments have a crucial role in ensuring that consumers and industry respond effectively.

In order for market forces to work we (paradoxically) need more regulations. Governments must urgently provide the rules that can foster lower carbon dioxide emissions. These regulations must encourage both investment in new technologies and energy conservation.

Jeroen van der Veer, Chief Executive, Royal Dutch Shell

The global energy industry operates within an increasingly complex political and regulatory framework. In this module you will explore the purpose and processes of effective regulation and how governments and global institutions develop policy to define and revise regulatory frameworks.

Regulation can sometimes be seen as simply a set of rules within which to operate however, effective managers understand the broader role regulation plays in enhancing industry effectiveness and achieving society's goals. In this module you will explore examples from countries and markets across the globe and consider their effectiveness.

It's crucial that you learn to manage and appreciate operational performance within a regulatory framework. This module will see you explore examples from countries and markets across the globe and consider their effectiveness.

Topics covered include:

The purpose of regulation
From policies to regulatory frameworks
From regulatory frameworks, through implementation, to achieving results
How regulation has influenced the global energy industry
Market deregulation
Effective regulation at local, regional, and global levels
The interaction between regulation and management practices
Policy and regulation challenges across the industry
The role of regulation in addressing climate change
Tends in how governments use regulation so that companies take accountability for policy objectives.

By the end of the module you will have:

An understanding of the purpose and processes of regulation
An understanding of the role of regulation in the energy industry - past, present, and future
An increased awareness and understanding of how regulation influences your role as a manager.