By prioritising Paris commitments, while ignoring the more practical concerns of freer energy trade, the EU has put politics over economics. The current phrasing of the Renewable Energy Directive punishes states not party to Paris. Consequently, it will make trade with the United States more difficult, drive up the costs of clean energy, and make it harder for EU member states to meet their emissions targets post-2020.
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In many markets, there is a common phenomenon that, for a given change in costs, prices tend to rise more quickly when costs increase than they fall when costs decrease. As evident in some recent price rises in the UK energy market, this “rockets and feathers” pricing pattern is often claimed as evidence of collusion and followed by calls for greater regulation. However, there are other more competitive explanations and so care is needed when considering a potential remedy.
The recent EU-Japan free trade agreement will bring significant economic benefits to the EU. More importantly, the Agreement also indicates a change in the EU’s stance toward globalization and trade partnerships. While relationships with historic trade partners (the US and the UK) appear to be deteriorating, the EU seems to have acquired awareness of its essential role of free-trade leader and has now started to turn its interests towards Asia.
Since the introduction of the Euro in 1999 the European Central Bank sets the main refinancing rate for the whole Eurozone and therefore decides at which conditions banks can take…
After the recent disappointing performance in the last elections, the UK government led by Theresa May has revived the Northern Powerhouse project. The project aspires to make the North of…
Competitive pressure is changing the landscape of air travel and traditional national airlines need to adapt to the new environment. The situation is particularly complex and uncertain in Europe due…
Robots will significantly alter the working life over the coming decades and will take over many tasks which are currently performed by humans, for example in care and nursing, in…
As we recently pointed out, the UK Chancellor of the Exchequer, Mr Phillip Hammond, was left aside by the Conservative party during the last campaign for parliamentary elections. With him,…
On the 8th of June UK citizen will vote to elect a new Parliament in a snap election called by current Prime Minister Theresa May. The very short campaign so…
Greece is in dire need of structural reforms, both in terms of public finances and real economy. Privatizations, especially if accompanied by appropriate liberalization policies, can improve the efficiency and…