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Security and Profit in China’s Energy PolicyHedging Against Risk$
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Øystein Tunsjø

Print publication date: 2013

Print ISBN-13: 9780231165082

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231165082.001.0001

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(p.222) 8 Conclusion
Security and Profit in China’s Energy Policy

Øystein Tunsjø

Columbia University Press

This chapter concludes the study by summarizing the main arguments and findings. The analysis focuses on the influence of the key actors in the energy-policy-making apparatus [the Chinese Communist Party (CCP), national oil companies (NOCs), governmental energy bodies, local governments, the Ministry of Foreign Affairs (MFA), the People’s Liberation Army (PLA), the media, and academics] and how their relationships evolve and shape strategy and policy. Returning to the alarmist scenarios about China’s energy security policy and the potential for conflict between China and other major energy consumers over limited energy resources, the chapter examines the possibility of avoiding classical security dilemmas and spiraling conflicts by engaging in hedging strategies that promote security sensibility and develop trust through risk management.

Keywords:   China, energy security policy, energy policy making, hedging strategies, risk management

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