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Every permitting bill promises the same thing: build faster. The harder question is what the trade-offs are, and who bears them. That question is at the heart of...
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External Publication by Tom Moerenhout • May 28, 2022
Energy subsidies are widespread among OECD and non-OECD countries and exist for all energy types. Governments often give noble and legitimate rationales for the introduction and continuation of various energy subsidies, but the reality of energy subsidy policies is nearly always more complex than the stated rationale. Governments have tried to balance the energy trilemma by implementing several types of energy subsidies at once. This has resulted in a complex political economy of pervasive subsidies across energy production and consumption. Even when some policy priorities clearly change, the phasing out of existing subsidies may prove politically challenging when powerful vested interest groups exercise their influence over governmental decision-making. This chapter goes in depth on the types, size, objectives, and politics of subsidies to fossil fuel consumption and production and those to renewable electricity.
The case against cheap climate policy
Disruption in the Strait of Hormuz has reduced the supply of oil, refined fuels and liquefied natural gas (LNG), reviving fears that Europe could face its second severe energy crisis in five years.
Full report
External Publication by Tom Moerenhout • May 28, 2022