The paper examines the financial costs of energy-efficiency and environmental policies that directly affect domestic electricity and gas bills in the UK over time. It also attempts to work out the current distributional impacts of these policies and others that act as income supplements thereby presenting a consistent picture across time and income deciles. Figures…
Month: February 2026
Baltic Gas Supply Security: Divided We Stand?
Estonia, Latvia and Lithuania, depending entirely on Russia for their gas supply, want to invest in gas supply security. The European Commission encourages them to do so by conditioning subsidies to the building of joint regional infrastructure. In the face of serious political and legal hurdles to Baltic gas security co-operation, Brussels’ approach might be…
Editorial
Impacts of Intermittent Renewables on Electricity Generation System Operation
All power generation technologies leave their particular imprint on the power system that they belong to. Wind and solar power have only recently reached significant levels of penetration in some countries, but they are expected to grow much during the next few decades, and contribute substantially to meeting future electricity demand, see e.g. European Commission…
Editorial
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Book Reviews
Some Political Economy of Global Warming
After recent disillusions, international climate change negotiations need to be jumpstarted. This paper first argues that countries’ strategic positioning will increase the cost of delay beyond that associated with the classic free-riding problem. It then investigates the governance of an agreement and the design of negotiation and compensation, emphasizing political economy considerations. The paper concludes…
The New Energy-industrial Revolution and International Agreement on Climate Change
At the heart of the analysis of, and progress on, action on climate change, at both country and international levels, must be an understanding of three sets of issues. The first concerns scale: of the risks from unmanaged climate change; of the necessary response; and of the great economic and social opportunities from the new…