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2821. Fighting climate change: A structural shift towards renewable energies requires concerted policy action

Author:
Patrick Matschoss
Publication Date:
03-2012
Content Type:
Policy Brief
Institution:
Finnish Institute of International Affairs
Abstract:
Renewable energies will be the major contributor to any future low carbon energy system and the share may be as high as nearly 80% of the world's energy supply by 2050. Renewable energies have vast potential but require a set of coherent policies to reach necessary deployment rates, because the market place neither accounts sufficiently for their climate change-related and wider benefits nor for the benefits of technological learning, making them appear less competitive than they really are. Renewable energies can be integrated in all supply systems and end-use sectors but at some point they will require investment and change. In electricity, an enhanced Pan-European network infrastructure (smart grid) would smooth variability and the remaining non-renewable generation capacity would be highly flexible. Energy security would be enhanced by greater efficiency and a broader and less import-dependent energy portfolio with less vulnerability to energy price volatility. Network stability needs to be addressed but some renewable energies are fully dispatchable and part of the solution. The transition to renewable energies is possible and beneficial, not only due to climate change but also because it serves energy security concerns and necessary infrastructure improvements. The EU's proposed long-term strategy concerning emission reductions and competitiveness, as well as the related legislation, is moving in the right direction and it is up to the member states to pick this up and push it forward.
Topic:
Climate Change, Economics, Energy Policy, and Treaties and Agreements
Political Geography:
Europe

2822. Using US Strategic Reserves to Moderate Potential Oil Price Increases from Sanctions on Iran

Author:
Philip K. Verleger
Publication Date:
02-2012
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
The United States has initiated new sanctions against Iran aimed at preventing it from collecting revenue from exports of crude oil. The European Union has followed, embargoing all imports of Iranian crude from July 1, 2012 and preventing any firms from entering into new contracts to import Iranian oil after January 23, 2012. The new US and EU sanctions could be the most draconian in many years. If implemented fully, US sanctions would force trading partners to choose between the United States and Iran. EU sanctions would cut Iran off from an important market. These sanctions, while reducing Iranian income, could pose a very serious economic threat to countries that have significant trade with the United States and/or import significant quantities of oil from Iran.
Topic:
Conflict Resolution, Foreign Policy, International Trade and Finance, Markets, Oil, and Sanctions
Political Geography:
United States, Europe, Iran, and Middle East

2823. Interest Rate Shock and Sustainability of Italy's Sovereign Debt

Author:
William R. Cline
Publication Date:
02-2012
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
Contagion from Greece, together with domestic political uncertainty in Italy, caused interest rates on Italian sovereign debt to spike in the second half of 2011. As shown in figure 1, the risk spread above German bunds for 10-year Italian government bonds rose from 200 basis points in early July 2011, to a range of 300 to 400 basis points after the July 21 Greek package with its new emphasis on private sector involvement. There was a second surge to the 400 to 500 basis point range in November through January, following the October 27 Greek package that insisted on a 50 percent reduction in private sector claims.
Topic:
Debt, Economics, and Financial Crisis
Political Geography:
Europe, Germany, and Italy

2824. Escaping the Vicious Cycle of Poverty: Towards Universal Access to Energy

Author:
Glada Lahn, Arno Behrens, Jorge Núñez Ferrer, Eike Dreblow, Mathilde Carraro, and Sebastian Veit
Publication Date:
03-2012
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
Despite the continuous efforts of developing countries and the international community to reduce energy poverty, some 2.7 billion people around the world still rely on traditional biomass for cooking and heating and 1.3 billion people do not have access to electricity. Over 80% of the energy poor live in rural areas and roughly two thirds in sub-Saharan Africa and India. While fossil fuels will inevitably play a major role in expanding on-grid energy supply, this study shows that renewable energy sources – and especially small decentralised solutions – have huge potential for providing reliable, sustainable and affordable energy services for the poor, particularly in rural areas of developing countries. Many challenges remain, including financing, capacity-building, technology transfer and governance reforms. A careful assessment of the environmental impacts of renewable energy technologies, particularly those on water, is an important prerequisite for donor finance. With the right design, energy access projects can also bring a host of developmental co-benefits. It should be possible for international initiatives including the UN's Year of Sustainable Energy for All and the EU's partnership with Africa to build on the rich experience and lessons learned from pilot projects over the last two decades in order to optimise donor effectiveness in this area.
Topic:
Energy Policy, Poverty, Science and Technology, United Nations, and Natural Resources
Political Geography:
Africa, Europe, and India

2825. Renewables and the EU Internal Electricity Market: The case for an arranged marriage

Author:
Jonas Teusch
Publication Date:
03-2012
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
This Policy Brief argues that pursuing the renewables objective could contribute to the completion of the internal electricity market, help to overcome opposition to transmission projects and decrease the market power of incumbents. Conversely, an integrated internal electricity market means less price volatility in specific regional markets, which allows for more efficient deployment and grid integration of renewables.
Topic:
Economics, Energy Policy, and Markets
Political Geography:
Europe

2826. Europeanization in Turkey. Stretching a Concept to its Limits?

Author:
Tanja A. Börzel and Digdem Soyaltin
Publication Date:
02-2012
Content Type:
Working Paper
Institution:
The Kolleg-Forschergruppe (KFG)
Abstract:
Research on Europeanization and domestic change has moved south-eastwards and was provided with another real-world experiment when it has meet with Turkey. This paper explores to what extent Europeanization approaches travel to Turkey, which does have a membership perspective that looks, however, ever less credible. The first part outlines the main findings of research on 'External Europeanization' focusing on factors that have limited or at least qualified the domestic impact of the EU in the Central and Eastern European (CEE) and Western Balkan (WB) accession countries. The paper, then, discusses to what extent Europeanization approaches need further qualification when applied to Turkey, which squares on democracy with the Western Balkans (with the exception of Croatia), but whose statehood is less limited. We argue that existing Europeanization approaches, largely, account for the overall moderate degree of Europeanization in Turkey. Yet, selective and differential domestic changes are mostly related to the extent to which EU conditionality helps domestic actors gain or hold political power and push their own political agenda. The paper concludes by summarizing the major implications Turkey's accession to the EU has for Europeanization approaches and discussing why Turkey is not a case sui generis.
Topic:
Democratization, Economics, and Politics
Political Geography:
Europe, Turkey, and Balkans

2827. Keep Friends Close but Colleagues Closer: Efficiency in the Establishment of Peace Operations

Author:
Heidi Hardt
Publication Date:
04-2012
Content Type:
Working Paper
Institution:
Centre for International Peace and Security Studies
Abstract:
The speed with which international organizations establish peace operations impacts prospects for sustainable peace. In this paper, I explain why some organizations take longer than others to answer calls for intervention. I identify the role of informal relations in a literature that has long favored formality and challenge realist assumptions that intergovernmental decision-making depends strictly on national interests. Based on personal interviews with 50 ambassadors at four regional organizations, I show that differences in response rates largely depend on the strength of interpersonal relations amongst decision-makers. Despite having superior funding, the European Union remains the slowest organization to react because of its highly formalistic culture. Informal bonds of trust help account for the speed with which organizations are able to respond to crises.
Topic:
Conflict Resolution, Political Violence, International Organization, Peace Studies, War, and Peacekeeping
Political Geography:
Europe

2828. Country Forecast: Global outlook

Publication Date:
04-2012
Content Type:
Working Paper
Abstract:
Three years after the global economy reached its lowest point in three-quarters of a century, the recovery remains incomplete and the outlook uncertain. On March 9th 2009, the capitalisation of Morgan Stanley\'s global stockmarket index fell to US$26trn, nearly 60% below its 2007 peak. Today, the value of the world\'s stockmarkets has yet to return to the pre-crisis level—nor has the confidence of most consumers and businesses. The excesses of the last ten years—the personal debt accumulated early in the last decade and the public debt added during the recession—have saddled many countries with weak economic foundations and little or no resilience to shocks. This has left the US economy, in particular, struggling for a third straight year to lock in faster growth. It has left debt-ravaged Europe in recession and China manoeuvring unsteadily to deflate a bubble. On the brighter side, the global economy will grow again this year and the imbalances that built up over the past decade will continue to unwind. But global growth will be slower this year than last, and a host of risks—from elevated oil prices to war in the Middle East, to the collapse of Europe\'s single currency—will weigh on confidence and reduce spending and investment.
Topic:
Economics, Globalization, Markets, Global Recession, and Financial Crisis
Political Geography:
United States, China, Europe, and Middle East

2829. The Migration Industry and Future Directions for Migration Policy

Author:
Thomas Gammeltoft-Hansen and Ninna Nyberg Sørensen
Publication Date:
04-2012
Content Type:
Policy Brief
Institution:
Danish Institute for International Studies
Abstract:
Migration has become business, big business. Over the last few decades a host of new opportunities have emerged that capitalise on migrants' desire to move as well as on governments' attempts to manage migratory flows. Across the globe we are witnessing a wide assembly of actors whose existence depends on money paid either to facilitate or to constrain migration mobility – specialised transportation companies, visa facilitation agencies, labour recruiters, security contractors, human smugglers and NGOs. The businesses involved in this migration industry range from small migrant entrepreneurs using their own experience to assist others making the journey, to big multinational companies who compete in the booming market of government contracts to carry out migration management. The commercialisation of international migration is evident at every step of the migratory process and takes place in virtually every country of emigration, transit and immigration. As such, the migration industry is not only an important phenomenon in and of itself, it also fundamentally impacts migratory flows and governments' attempts to manage or regulate migration.
Topic:
International Trade and Finance, Markets, Migration, and Immigration
Political Geography:
Europe

2830. Refining the Story of the Financial Crises in Europe and the USA

Author:
Murat Yülek and Anthony Randazzo
Publication Date:
04-2012
Content Type:
Journal Article
Journal:
Insight Turkey
Institution:
SETA Foundation for Political, Economic and Social Research
Abstract:
A significant amount of research has already been made about the financial crisis. But a midterm primer is nevertheless necessary; it is critical to assess the nature of the crises to ensure that the proper lessons are learned. This article aims to present a history on the causes of the financial crisis that first emerged in the U.S. in 2007. Then it will analyze the roots of the current state of the economic crisis in Europe and the U.S. It will also assess the effects of the crises on the European and American economies. Consequently, a range of topics are discussed in the article, some of which have received deeper treatment elsewhere in economic literature, but have not been pieced together to provide a coherent past and present picture of the situation. The article concludes briefly on how this story relates to today's economic environment and the next steps that need to be taken going forward.
Topic:
Economics and History
Political Geography:
United States, America, and Europe