Global energy markets in turmoil

2017 ◽  
Vol 95 (46) ◽  
pp. 15-15
Keyword(s):  
Author(s):  
Carolyn Snell

This chapter explores claims made by policy makers in the UK that, despite having no control over global energy markets, existing policy protects households vulnerable to fuel poverty through the regulation of commercial energy suppliers and specific policies that provide cash transfers and energy-efficiency measures. Keeping energy prices low is an essential part of the UK government's approach to fuel poverty alleviation, but this task is a complex one in which the steering capacity of the nation-state often seems weak and its capacity hollowed out. This is exacerbated by a neoliberal policy direction that funds environmental and social policy measures through charges on energy bills rather than through tax-funded programmes. The chapter then argues that existing policy has been somewhat contradictory in its view of the government's power to steer energy markets. While the Department for Energy and Climate Change suggested that the UK has no control over the global energy market, this does not match political rhetoric, which has emphasised the importance of increasing domestic energy security in order to spread risk and reduce dependence on politically unstable fossil fuel-producing states, and has also seen political pressure placed on the six main energy companies to lower energy charges to consumers.


2020 ◽  
Vol 164 ◽  
pp. 11047
Author(s):  
Alexey Efimiev ◽  
Olga Kutsygina ◽  
Margarita Agafonova ◽  
Andrei Chugunov

The paper assesses the relevant problems of the global energy paradigm, with emphasis on ensuring energy security. To solve this problem, the state and prospects of world energy markets and the forecast for their development are analyzed. The paper substantiates the importance of improving energy efficiency in Russia. It also analyzes and displays the most important aspects of global energy problems, highlights the dynamics of the global balance of energy consumption, analyzes the development of renewable energy sources. The study determined the place of fuel and energy sector in the global economy. Forecasts of global electricity consumption are presented. The paper focuses on the need for measures that contribute to overcoming energy threats in the global energy market.


Author(s):  
Zoya Podoba ◽  
Anastasiya Lavrova

The paper determines the vector of influence of the “shale revolution” on international energy markets based on the analysis of volume and price dynamics of world oil and gas markets, as well as energy trade in the United States. The study contains a multilateral assessment of trends emerging from the development of shale technologies. Using regression models, the authors trace a statistically significant impact of the “shale revolution” on the price dynamics of the global energy market. Panel data analysis for the period from 2010 to 2019 shows a direct dependence between the decline in energy imports in the United States and global oil and gas prices, and the inverse dependence between the increase in exports from the United States and prices of oil (Brent) and European gas (NBP). Due to active use and continuous improvement of horizontal drilling and hydraulic fracturing techniques in the second decade of the twenty-first century the USA is decreasing its energy import dependency and transforming into a net exporter of hydrocarbons. It results in the supply disbalance on global energy markets. The ongoing changes in the US oil and gas production are leading to the transformation of geopolitical situation on world energy markets. If a decade ago, the US strategy was aimed at guaranteeing stable energy supplies, now it is the capture of markets and crowding out competitors by all possible means.


Energies ◽  
2020 ◽  
Vol 13 (15) ◽  
pp. 3758 ◽  
Author(s):  
Alberto-Jesus Perea-Moreno ◽  
Francisco Manzano-Agugliaro

The use of renewable energies, energy saving, and efficiency are needs of global society. According to the latest estimates, global energy demand could triple by 2050 and, by then, 70% of the world’s population will live in cities. Cities are currently responsible for 80% of greenhouse gas emissions, so they have a key role to play in shifting towards a sustainable energy future. Cities are threatened not only by overcrowding, but also by rising energy demand, obsolete infrastructure, volatile energy markets, and the effects of climate change. This Special Issue aims to advance the contribution of energy saving and the use of renewable energies in order to achieve more sustainable cities.


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