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Gas-fired power stations currently generate over a third of the electricity demand of the United Kingdom (UK) and will play an increasing role in the future. At the same time the UK is becoming increasingly reliant on external supplies for gas security. The levels of physical and economic interaction between the gas and electricity systems offer a new set of risks for energy security. This paper traces...
Obama's energy policies need to start domestically but aspire to global influence. The basic philosophy should be to rely on markets whenever they work well, but to step in aggressively when market failures appear. This means making the costs of global warming, air pollution, and energy security visible to energy consumers. It means seeking ways to recirculate more dollars domestically in order to...
The security of energy supply to the EU is examined in the context of two storylines. Markets and Institutions exemplifies an economically and politically integrated, multilateral world with effective institutions and markets. Regions and Empires involves a world broken up in rival political and economic blocks, competing for resources and markets via political, economic and military power. It is...
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