Traditional monopolistic and oligopolistic gas markets artificially keep gas prices high, work against competition and efficiency, and have no place in the modern world, say Jean-Baptiste Dubreuil, Gergely Molnar and Songho Jeon at the IEA. They calculate that gas market reforms in the EU, begun in the mid 1990s, saved the bloc $15bn in 2019. But it typically takes 20 years for such a market to be properly established. The authors explain that … [Read more...]
UK’s COP26 Presidency will be the first big test of its post-Brexit diplomatic skills
November’s COP26 will arguably be the most important since the Paris Climate Agreement of 2015. By then, all signatory nations are required to submit their new and improved nationally determined contributions (NDCs) that set a credible pathway towards reducing their emissions. So far only the Marshall Islands, Suriname, and Norway have done so. Lucien Chabason and Lola Vallejo at IDDRI ask whether the UK teams behind their new COP26 President, … [Read more...]
Recent Comments