The paper critiques current European energy policy. The key market failures are identified and the reasons for intervention set out. In addition to the traditional concerns with monopoly and market failures, the public goods aspects of diversity and security of supply, together with...

Europe faces major investment in infrastructure in the coming decade in the context of the credit crisis and the broader economic crisis that followed.The article considers what the core market failures in infrastructure are, focussing on the gap between marginal and average costs, the system...

Europe faces major investment in infrastructure in the coming decade in the context of the credit crisis and the broader economic crisis that followed.The article considers what the core market failures in infrastructure are, focussing on the gap between marginal and average costs, the system...

The lack of real progress at the Durban climate change conference in 2011�postponing effective action until at least 2020�has many causes, one of which is the failure to address trade issues and in particular carbon leakage. This paper advances two arguments. First, it argues that the...

Europe faces major investment in infrastructure in the coming decade in the context of the credit crisis and the broader economic crisis that followed. The article considers what the core market failures in infrastructure are, focussing on the gap between marginal and average costs, the system...

The paper critiques current European energy policy. The key market failures are identified and the reasons for intervention set out. In addition to the traditional concerns with monopoly and market failures, the public goods aspects of diversity and security of supply, together with...

Europe faces major investment in infrastructure in the coming decade in the context of the credit crisis and the broader economic crisis that followed. The article considers what the core market failures in infrastructure are, focussing on the gap between marginal and average costs, the system...

Time consistency problems can arise when environmental taxes are employed to encourage firms to take irreversible abatement decisions. Setting a high carbon tax, for instance, would induce firms to invest in low-carbon technology, yet once investment has occurred the government can then reduce...