Research on the Construction of Global Energy Interconnection Cooperation Mechanism

Building Global Energy Interconnection needs to accelerate the construction of international cooperation mechanism to facilitate the creation of good geopolitical environment, promote investment, planning and construction of power infrastructure, increase the scale of international power trade and deal with possible cooperation disputes. The goal of the Global Energy Interconnection international cooperation mechanism is to build a six-in-one mechanism complex, including multilateral dialogue mechanism, policy coordination mechanism, investment protection mechanism, operational security mechanism, market trading mechanism, and dispute resolution mechanism. The path to construct the cooperation mechanism can be divided into global, regional and social levels. The global level relies mainly on the governance structure of the United Nations and the G20; the regional level can be prioritized on the “One Belt, One Road” initiative, the ASEAN regional integration mechanism, the BRICS, the Shanghai Cooperation Organization, and the Asia-Pacific Economic Cooperation framework. At the social level, mechanism construction needs the coordination among the governments, enterprises, financial institutions, and non-governmental organizations. The focuses include the governments’ establishment of normative system and dispute resolution mechanism, non-governmental organizations and related enterprises’ undertaking of capacity building, the formation of investment mechanisms and the co-development model of Electricity, Mining, Metallurgy, Manufacturing and Trade.