Political economy of energy

Latest Research and Reviews

  • Research |

    Offshore wind power has often been assumed to be costly and dependent on subsidies to survive. Using the latest auction data from five European countries Jansen et al. show that in mature markets offshore wind is already competitive without subsidies.

    • Malte Jansen
    • , Iain Staffell
    • , Lena Kitzing
    • , Sylvain Quoilin
    • , Edwin Wiggelinkhuizen
    • , Bernard Bulder
    • , Iegor Riepin
    •  & Felix Müsgens
    Nature Energy 5, 614-622
  • Research |

    Tight oil and gas extraction is costly and low prices lead to reduction in investments and eventually production. Here, studying the effects of price volatility on active rigs, researchers find the break-even price and show that firms use future and not spot prices to plan exploration and development investment.

    • Esmail Ansari
    •  & Robert. K. Kaufmann
    Nature Energy 4, 321-328
  • Research |

    New fossil fuel investments may become stranded if demand for fossil fuel declines due to technological change. This could amount to a discounted global wealth loss of US$1–4 trillion, with the negative impact for producer countries amplified by climate mitigation policies of consumer countries.

    • J.-F. Mercure
    • , H. Pollitt
    • , J. E. Viñuales
    • , N. R. Edwards
    • , P. B. Holden
    • , U. Chewpreecha
    • , P. Salas
    • , I. Sognnaes
    • , A. Lam
    •  & F. Knobloch
  • Reviews |

    Coal-generated electricity forms a significant contribution to global carbon emissions. This Perspective explores the factors behind Great Britain's recent rapid switch from coal power to natural gas, which brought a large decrease in emissions, and discusses savings potential for other coal-using nations.

    • I. A. Grant Wilson
    •  & Iain Staffell
    Nature Energy 3, 365-372
  • Reviews |

    A policy sequence for low-carbon policy that is politically effective continues to face challenges of environmental and cost effectiveness. This Perspective outlines ways to address these issues within political constraints.

    • Jonas Meckling
    • , Thomas Sterner
    •  & Gernot Wagner
    Nature Energy 2, 918-922

News and Comment

  • News & Views |

    The landscape of the global clean energy industry is transforming, with many technology-following firms in developing countries rapidly catching up to — and potentially poised to overtake — leaders in the developed world. New analysis reveals a clearer picture of this changing geography of clean energy value chains over time.

    • Stine Haakonsson
    Nature Energy 5, 735-736
  • Comments & Opinion |

    Phasing out coal requires expanding the notion of a ‘just transition’ and a roadmap that specifies the sequence of coal plant retirement, the appropriate policy instruments as well as ways to include key stakeholders in the process.

    • Michael Jakob
    • , Jan Christoph Steckel
    • , Frank Jotzo
    • , Benjamin K. Sovacool
    • , Laura Cornelsen
    • , Rohit Chandra
    • , Ottmar Edenhofer
    • , Chris Holden
    • , Andreas Löschel
    • , Ted Nace
    • , Nick Robins
    • , Jens Suedekum
    •  & Johannes Urpelainen
    Nature Climate Change 10, 704-707
  • News & Views |

    Over the last two decades, many countries have passed laws addressing climate change and related areas. Research now shows that these laws make a difference to emission outcomes, but the pathways of impact require further research.

    • Navroz K. Dubash
    Nature Climate Change 10, 709-710