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7 Results
Globe of energy
United States' Energy & Climate Policy Under President Trump
U.S. energy policy is evolving under President Trump, and the changes will affect trade, foreign policy and relations with key global energy suppliers, including the Gulf Cooperation Council member countries. Fellow Jim Krane and Elsie Hung explore how U.S. energy and climate policies could change under the Trump administration and what implications these could have in the U.S. itself, for energy markets globally and for the GCC states.
Shih Yu (Elsie) Hung, Jim Krane February 13, 2017
Transmission towers against a sunset.
Navigating the Perils of Energy Subsidy Reform in Exporting Countries
Fossil fuel subsidies have allowed energy exporting countries to distribute resource revenue, bolstering legitimacy for governments, many of which are not democratically elected. But subsidy benefits are dwarfed by the harmful consequences of encouraging uneconomic use of energy. Now, with consumption posing a threat to long-term exports, governments face a heightened need to raise prices that have come to be viewed as entitlements. While reforms of state benefits are notoriously politically dangerous, previous experience shows that subsidies can be rolled back without undermining government legitimacy — even in autocratic settings — given proper preparation.
Jim Krane May 2, 2014