This European survey examines (a) The release of strategic oil reserves announced by the International Energy Agency will deliver substantially lower prices for vehicle fuels over the next six months than would otherwise have been the case; b) Assuming that world commodity prices over the next six months continue to be elevated and volatile, temporarily subsidising or capping natural gas prices would be an effective way to protect European households and businesses from high energy bills; (c) The vulnerability of the European economy to high and volatile fossil fuel prices indicates the need for stronger incentives to promote decarbonisation rather than rowing back on policy support for the energy transition
Keyword: natural gas
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As Russia’s invasion of Ukraine continues and many call for a strengthening of sanctions, an alternative to a full energy embargo has been discussed in the form of European Union tariffs on imports of Russian gas. We invited our European and US experts to express their views on this proposal, asking both panels whether they agree or disagree with the following statement, and, if so, how strongly and with what degree of confidence:
As Russia’s invasion of Ukraine continues and many call for a strengthening of sanctions, an alternative to a full energy embargo has been discussed in the form of European Union tariffs on imports of Russian gas. We invited our European and US experts to express their views on this proposal, asking both panels whether they agree or disagree with the following statement, and, if so, how strongly and with what degree of confidence:
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