Energy-related investments have been on a track of constant development since the global expansion of energy utilization and the rapid increase of energy demand both regarding industrial use and consumer consumption. Fundamental trends in the European Union and the world at large provide an...

We study a simple model of economic growth where society's preferences are a function of consumption per capita and climate quality; and the specification of the climate dynamics is inspired by recent work in climate science. The model is estimated to establish a reference model and we develop a...

South-East Asia encompasses a number of countries that have experienced rapid economic growth in the last twenty years. The region as a whole is wealthy in fossil energy sources. Energy demand in South-East Asia is expected to increase dramatically in the coming years, creating problems in terms...

This study uses Event Study Analysis (ESA) to examine whether uncertainty over getting Alberta oil to market has affected the market valuation of Canadian energy firms. In recent years there have been a number of discrete news events pertaining to regulatory decisions that impact whether bitumen...

While the economic literature has yet to establish whether greater electricity consumption leads to faster economic growth, or vice versa, it is widely accepted that the better provision of electricity can enable pro-poor growth. Because electricity consumption is expected to grow in emerging...

The Nigerian power sector reform is necessitated by the chronic poor performance of the sector and has as its compass the 2005 Electric Power Sector Reform Act and the Roadmap for Power Sector Reform 2010. Implementing reform has resulted in significant progress that includes unbundling and...

The first EMF working group, examining the link between energy and the economy, concentrated on the use of several large macroeconomic models as described in this report. Each model was represented in the working group by a technical team or expert. To compare the results obtained by these...

The main drivers of transformation processes of electricity markets stem from climate policies and changing economic environments. In order to analyse the respective developments, modelling approaches regularly rely on multiple structural and parametric simplifications. For example,...

Poor performance of the electricity sector remains a drag to economic efficiency and a bottleneck to economic activity in many low-income countries. This paper proposes a number of models that account for different equilibria (some better, some worse) of the electricity sector. They show how...

While the economic literature has yet to establish whether greater electricity consumption leads to faster economic growth, or vice versa, it is widely accepted that the better provision of electricity can enable pro-poor growth. Because electricity consumption is expected to grow in emerging...