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European fuel tax cuts will lead to significant income transfers to Russia, thus undermining the Union’s sanction efforts against the country. EU politicians should instead consider alternative policies, such as direct income transfers to households, if they want to shield citizens from increased fuel prices without benefiting Russia.
Considering the probability of occurrence of an extreme cold event similar to that in February 2021, winterization of the Texan power system pays off for risk-neutral utilities in the medium term. Risk aversion can cause under-investment, and policymakers should therefore take into account extreme event risks in decision-making and implement measures that increase winterization efforts.
For remote Indigenous communities prepaying for electricity in Australia’s Northern Territory, temperature extremes increase reliance on the services that energy provides and the risk of disconnection of those services. Policy should focus on reducing the frequency, duration and negative impacts of disconnection, within the context of a warming climate.
