The Oxford Approach

2 The contents of this paper are the authors' sole responsibility. They do not necessarily represent the views of the Oxford Institute for Energy Studies or any of its members. This publication may be reproduced in part for educational or non-profit purposes without special permission from the copyright holder, provided acknowledgment of the source is made. No use of this publication may be made for resale or for any other commercial purpose whatsoever without prior permission in writing from the Oxford Institute for Energy Studies. Acknowledgments We would like to thank, without implication, Christopher Allsopp, Tom Athanasiou, Sivan Karta and the participants of the 2012 ecbi Oxford Seminar for their valuable comments.