This paper reviews the methodology and methods behind IEA’s World Energy Outlook (WEO) and offers a critical assessment of key assumptions and projections, focusing in particular on energy and the macro economy, technological change, and investment in new renewable energy. I argue that IEA’s World Energy Outlook suffers from a status quo bias in favor…
Tag: Political economy
Towards a general “Europeanization” of EU Member States’ energy policies?
It is often argued that energy policy is too fragmented across EU Member States and should be “Europeanized” to pave the way towards an efficiently organized European power system, which rests on the internal market for energy and a pan-European super-grid. However, this view neglects i) the heterogeneity of European energy policies in terms of…