Call for Papers

Call for Papers for a Special Issue in Energy Journal

Energy market transition, financialization and integration

Guest Editors:

Ronald D. Ripple, Mervin Bovaird Professor of Energy Business and Finance (retired)

Qiang Ji, Institutes of Science and Development, Chinese Academy of Sciences

Dayong Zhang, Research Institute of Economics and Management, Southwestern University of Finance and Economics

Mine Yucel, Editor, The Energy Journal

Background to the Special Issue

Facing increasing challenges of global warming, international energy markets have experienced profound changes over the last decades. Out of many new features, three interacted phenomena are especially worthy for investigation: a global trend moving towards renewable energy, energy market financialization, and regional market integration. These new developments have changed our fundamental understanding of how energy markets works and have also brought forward new challenges and opportunities.

First, the transition to renewable, or more generally, moving towards a greener energy market is both costly and risky. There are still heated debates across the world of how to make a smooth transition (Liu et al., 2019). Even optimistic projections suggest that traditional fossil fuels will continue to comprise a large share of total energy sources in 2040 (EIA, 2015). Subsidies have been critical for propelling expansion of decarbonization technologies, but they may not be the most efficient mechanism. Further development of emission trading platforms may contribute in the long term to providing compatible incentives, but even the most advanced EU ETS is still experiencing challenges. Second, financialization in energy markets (Zhang, 2018) has become a popular tool since the 2008 global financial crisis. The behavior of energy prices display characteristics similar to financial assets, for example, excess volatility, speculative bubbles, and price co-movements. Traditional forecasting of energy price based on fundamentals is confounded by these features. In addition, rising systemic risks due to co-movements across energy types and geographically segmented markets give clear challenges to standard risk management models. This will, of course, impact the energy market transition. Third, and also partially due to the first two movements, energy markets have become more integrated, especially at regional levels.

This Special Issue in The Energy Journal will explore the combination of these three inter-related topics and bring together frontier research to enrich our understanding of the current global energy market transitions and future challenges.

In order to bring together international specialists we are delighted to organize a two-day conference on April 24th and 25th in Xiamen, China. The conference will be hosted by Xiamen University, and supported by the China Energy Finance Network, the Institute of Science and Development, the Chinese Academy of Science, and Southwestern University of Finance and Economics.

Previous conferences in this series have been held in Beijing (2018), Kunming (2019) and online (2020), most recently attracting over 400 participants and 186 submissions.

We are organizing a special issue with the Energy Journal, the flagship publication of the International Association for Energy Economics. The issue will be comprised of papers from the conference and those submitted independently through this Call for Papers.

The general topics of this special issues are:

  • Theoretical and applied contributions on global energy market transition
  • Energy financialization: measurements and assessments
  • Energy markets integration: theory and practice
  • Modelling systemic risks in international energy markets
  • Financing and investment in energy sector

Policy implications of the Special Issue

The applied theoretical and analytical contributions are expected to provide guidance to policy-makers and government officials in designing new policy scenarios facing the challenges of climate change. The empirical contributions should provide evidence to support and inform current policy debates and market development. All authors are asked to indicate the policy implications of their analyses. We welcome all empirical methodologies and theoretical orientations.

Submission information and deadlines

The project will progress on an expedited timeline, as laid out below. Papers should be roughly 6000 words. Please format and reference your paper according to Energy Journal’s requirements.

Key dates:

  1. Conference submission deadline: 1 April 2021

  2. Notification of Acceptance: 5 April 2021

  3. Special issue conference: 24-25 April 2021

  4. Deadline for submission to the Energy Journal: 31 June 2021

  5. Extended deadline for submission: 30 December, 2021

IAEE members not participating in the Conference

  1. Submission deadline to the Energy Journal: 31 July, 2021

  2. Extended deadline for submission: 30 December, 2021

  3. Initial Editorial Decision: 15 September, 2021

  4. The special issue is expected to be completed by Mid-2022.

The submission fee for articles submitted to The Energy Journal is $150. There is no fee if at least one author is an IAEE member. To join IAEE, click here.


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