I examine energy stocks in the context of a diversified investment portfolio. Several factors – the importance of the energy sector, their potential to hedge energy risks, growing interest in real assets, as well as anecdotes of sophisticated investors focusing on energy investments –...

This paper rebuts Keller (2021) and the feminist view that Greta Thunberg’s 2019 visit to ‘tar sands’ Alberta sparked ugly push-back by pro-oil activists due to ‘patriarchal petroculture’ rather than this resistance being a response to an on-going geopolitical ‘green’ transnational...

In the fight against global warming, the reduction of greenhouse gas emissions is a major objective. In particular, a decrease in electricity generation by coal could contribute to reducing CO2 emissions. We study potential economic consequences of a coal phase-out in Germany, using a...

In the fight against global warming, the reduction of greenhouse gas emissions is a major objective. In particular, a decrease in electricity generation by coal could contribute to reducing CO2 emissions. Using a multi-region dynamic general equilibrium model, this paper studies potential...

The fragmented development of energy law and regulation on the one hand and environmental law on the other is militating against the adoption of a sustainable energy system in South Africa. This mirrors the absence of a global regime on energy to align with environmental developments at that...

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...