Regulating the water-energy-food nexus: Interdependencies, transaction costs and procedural justice
There have been calls for an overhaul of regulatory and governance frameworks to incorporate the implications of the water-energy-food nexus. We map one small component of the regulatory space of the nexus and highlight its immense complexity. We draw on insights from the economics and socio-legal l...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2017
|
| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/cis_research/54 https://ink.library.smu.edu.sg/context/cis_research/article/1053/viewcontent/1_s2.0_S1462901117300540_main.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Singapore Management University |
| Language: | English |
| Summary: | There have been calls for an overhaul of regulatory and governance frameworks to incorporate the implications of the water-energy-food nexus. We map one small component of the regulatory space of the nexus and highlight its immense complexity. We draw on insights from the economics and socio-legal literatures to show that a decentralised approach to regulation based upon procedural justice can enable the trade-offs of the nexus to be considered and addressed. We use a nexus case study of micro hydro-electricity generation in Dartmoor National Park in England to show that when we take into account interactions between state and non-state regulation, the economic concepts of interdependencies and transaction costs, and a recognition that regulation of the nexus is a process involving decisions of procedural justice, some existing regulatory frameworks are already well-equipped to deal with the implications of nexus analysis. |
|---|