PhD ceremony: Mr. A.J.R.T. Boute, 11.00 uur, Academiegebouw, Broerstraat 5, Groningen
Title: The modernization of the Russian electricity production sector. Regulatory risks and investment protection
Promotor(s): prof. M.M. Roggenkamp
Given the poor state of the infrastructure in Russia, the modernisation of the economy is an absolute priority for the Russian authorities. The use of outdated industrial equipments makes of Russia one of the most energy intensive countries in the world. It is therefore one of the most important emitters of CO2. Moreover, its high energy intensity affects European energy security by reducing the availability of Russian gas for export. A contrario, energy savings in Russia could contribute to European security of supply and to the international CO2 emission reduction objectives of the European Union.
This thesis analyses the role that European energy companies could play in the modernisation of the most important gas consumer and CO2 emitter in Russia: the electricity production sector. It proposes an analysis of the regulation that the Russian authorities have developed to attract investments in the refurbishment of the electricity infrastructure.
This thesis defends the view that the success of this modernisation policy will depend on the stability of the “rules of the game” for investors. Given the strategic importance of the electricity sector, the risks of regulatory changes or of state interference are considerable.
The investment protection treaties that Russia has signed contain important guarantees that European investors could invoke against state interference with their investments. These treaties are however also characterised with important flaws. In the context of the current negotiations on a new EU-Russian energy regime, this thesis makes recommendations to improve the protection of energy efficiency investments.
Met ingang van het studiejaar 2019/2020 vindt het eerste studiejaar van de bacheloropleiding Rechtsgeleerdheid Leeuwarden plaats in het nieuwe gebouw van de Campus Fryslân van de Rijksuniversiteit Groningen.
The American Janet Thompson Jackson is fully embracing the UG anniversary celebrations theme, 'All Inclusive'. This year, Jackson is working as a guest lecturer at the Faculty of Law of the University of Groningen. At her home institution, Washburn...
De voorgenomen CO2-taks voor bedrijven gaat grotendeels voorbij aan het feit dat er al een systeem voor CO2-beprijzing is: het Europese emissiehandelssysteem.