Energy

A new INET Working Paper by Yaroslav Melekh, James Dixon, Katrina Salmon, and Michael Grubb, interrogates the contradictions between fossil lock-in through LNG import capacity and overcontracting, and policy-driven demand reduction. Here is a summary of the paper’s main findings.

This paper examines in detail the interrelationships between the EU’s concerns, its energy policies, and the resulting challenges and uncertainties facing European gas through the rest of the decade, and beyond.

The role of speculation in the crude oil market in the increase in the WTI crude oil price.

Were the sharp increases in prices during 2020-2022 due to fundamental shifts in supply and demand or are they attributable to excessive market speculation?

Revenues to GB electricity generators in 2022 increased by almost £30bn, compared to pre-COVID levels.

The current energy market structures, including the short-run-marginal-price-on-all nature of the current wholesale market, are not fit for a transition to a renewables-dominated system.

Moving away from fossil fuels, towards a system with a far greater contribution from variable renewables, means that the current system is not fit for purpose.

Price inflation, marginal cost pricing, and principles for electricity market redesign in an era of low-carbon transition

Veteran researcher sheds light on what’s going on, how long the pain might last, and possible paths forward.

A global carbon tax alone will not be enough to significantly reduce CO2 emissions

And electric vehicles don’t do a lot better

Texas’s electricity market “reforms” made the current crisis inevitable

What ails the EU Green Deal is exactly what troubles the Union in general — an absence of social democracy at work

This paper considers the ambition, scale, substance and strategy of the European Union’s Green Deal

Economist James K. Boyce explains how to fight climate change and rising income inequality in one shot