Keyword: energy

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US

Venezuela

This US survey examines (a) The US intervention in Venezuela will have no measurable impact on the world oil price over the next 12 months; (b) The US intervention will lead to a substantial increase in the profitability of US energy companies over the next five years; (c) The US intervention will lead to a substantial increase in economic growth in Venezuela over the next five years
Europe

Venezuela

This European survey examines (a) The US intervention in Venezuela will have no measurable impact on the world oil price over the next 12 months; (b) The US intervention will lead to a substantial increase in the profitability of US energy companies over the next five years; (c) The US intervention will lead to a substantial increase in economic growth in Venezuela over the next five years
Europe

Low-carbon Energy R&D

This European survey examines (a) For reducing global greenhouse gas emissions, subsidies for R&D on low-carbon technologies are justified in addition to carbon pricing mechanisms like carbon taxes and cap-and-trade systems; (b) Higher subsidies for R&D on low-carbon technologies are justified by the fact that their successful deployment would not only reduce emissions in OECD countries but also reduce developing countries' emissions by encouraging them to substitute away from fossil fuels
US

Low-carbon Energy R&D

This US survey examines (a) For reducing global greenhouse gas emissions, subsidies for R&D on low-carbon technologies are justified in addition to carbon pricing mechanisms like carbon taxes and cap-and-trade systems; (b) Higher subsidies for R&D on low-carbon energy sources are justified by the fact that their successful deployment would not only reduce emissions but also induce developing countries to substitute away from fossil fuels
Europe

Energy and Emissions in Developing Countries

This European survey examines The OECD’s projected cumulative emissions of greenhouse gases from today until the year 2100 is 616.2 billion metric tons of CO2e, compared to 2,734 billion metric tons for the rest of the world - 82% of the total. (Larsen et al, Rhodium Group, 2024: https://climateoutlook.rhg.com/reports/rhodium-climate-outlook-2024-probabilistic-global-emissions-and-energy-projections): (a) The domestic net benefits of emissions reductions vary substantially across countries because of differences in income levels and exposure to climate risk; (b) In the absence of incentives from developed countries, developing countries will not reduce their emissions substantially in places where the private costs of fossil fuels remain meaningfully lower than those of zero-carbon fuels; (c) Providing incentives for developing countries to reduce their emissions through penalties (such as a carbon border adjustment mechanism or carbon club) is substantially less effective than providing equivalent incentives through subsidies (such as payments for climate damages in exchange for emissions reductions)  
US

Energy and Emissions in Developing Countries

This US survey examines The OECD’s projected cumulative emissions of greenhouse gases from today until the year 2100 is 616.2 billion metric tons of CO2e, compared to 2,734 billion metric tons for the rest of the world - 82% of the total. (Larsen et al, Rhodium Group, 2024: https://climateoutlook.rhg.com/reports/rhodium-climate-outlook-2024-probabilistic-global-emissions-and-energy-projections): (a) The domestic net benefits of emissions reductions vary substantially across countries because of differences in income levels and exposure to climate risk; (b) In the absence of incentives from developed countries, developing countries will not reduce their emissions substantially in places where the private costs of fossil fuels remain meaningfully lower than those of zero-carbon fuels; (c) Providing incentives for developing countries to reduce their emissions through penalties (such as a carbon border adjustment mechanism or carbon club) is substantially less effective than providing equivalent incentives through subsidies (such as payments for climate damages in exchange for emissions reductions)  
US

Sanctions

This US survey examines (a) The experience of the past 10 years suggests that Western-led economic sanctions do not substantially deter the target countries from their course of action; (b) Had the G7 instituted a complete energy embargo in 2022, Russia's current military and economic position would be substantially worse; (c) Had the G7 instituted a complete energy embargo in 2022, the world economy would have faced substantially higher oil prices
Europe

Sanctions

This European survey examines (a) The experience of the past 10 years suggests that Western-led economic sanctions do not substantially deter the target countries from their course of action; (b) Had the G7 instituted a complete energy embargo in 2022, Russia's current military and economic position would be substantially worse; (c) Had the G7 instituted a complete energy embargo in 2022, the world economy would have faced substantially higher oil prices
Europe

Electricity

This European survey examines (a) The high cost of electricity for industrial users in the European Union relative to other big economies is a substantial constraint on growth; (b) Problems with the intermittency of renewable energy sources mean that over the next five years, electricity prices are more likely to rise than fall; (c) Substantial European investment in electricity infrastructure is essential to address high prices and unreliable supply