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303 Results
Power lines and transmission towers against a sunset.
Consumer Welfare Implications of Capacity Markets in Liberalized Electricity Sectors
Though consumers generally pay higher electricity prices in areas with capacity markets, those markets also serve as an insurance mechanism to incentivize capacity additions and reduce the probability of extreme events. Graduate fellow Raúl Bajo Buenestado analyzes the implications of capacity markets for consumers in liberalized energy sectors.
Raúl Bajo Buenestado October 29, 2015
Satellite image of Persian Gulf
Revamping Energy Policy in Saudi Arabia: A View to the Future
The accession of a new king in Saudi Arabia and the kingdom’s intervention in Yemen have overshadowed important moves to reform two of the kingdom’s key institutions. Incoming King Salman has taken steps to prepare Saudi Arabia for a new generation of leaders, both within the royal family and among the world’s largest oil export sector and its marquee company, Saudi Aramco. The changes involve installing new personalities into key positions and shifting the roles of long-serving managers. "Overall, the moves ought to enhance the resilience of the kingdom and its economy by shifting leadership responsibilities to a younger generation," writes fellow Jim Krane.
Jim Krane June 9, 2015
anti-corruption protests in Brazil
Latin America Initiative | Issue Brief
After Tight Elections, Brazil Faces Hard Choices
Brazilian President Dilma Rousseff is starting her second term in office facing economic and political problems that feed into each other. These problems can be attributed to a large extent to mistakes her administration made during her first term. Rousseff’s macroeconomic policy proved to be inconsistent, and the choices she made in some key economic sectors, especially energy, were demonstrably disastrous. Rousseff now faces the enormous challenge of reconciling the leftwing populism that led her to victory with the inescapable need to regain the trust of the most dynamic sectors of Brazilian society, including the private sector.
Sergio Fausto March 30, 2015
Globe of energy
Recent Developments in LNG Markets
In this paper, author Peter Hartley examines the recent evolution of markets for LNG, focusing especially on the increasing amount of LNG being traded spot or under short-term contracts of less than four-years duration. Hartley argues that explanations for this increase, and other recent changes in LNG trading, imply that the proportion of LNG being traded under long-term contracts is likely to continue to decline and that the flexibility of long-term contracts for trading LNG is likely to continue to increase.
Peter R. Hartley December 23, 2014
A gavel rests in front of the Mexican flag.
Land Ownership and Use Under Mexico’s Energy Reform
Although there are enormous potential benefits for Mexico's energy sector in the future, there are also important challenges the country must overcome to fully realize its energy potential. One of them has to do with the land ownership and land use regime in Mexico. As the legislative debate on the new Ley de Petróleos and the Ley de la Comisión Federal de Electricidad (Petroleum Act and Federal Electric Utility Act) proceeded in the summer of 2014, the Mexican Congress anticipated potential land-related conflicts associated with exploration and production activities related to hydrocarbons and new energy-related infrastructure projects. These potential conflicts stem from the fact that all of these projects will necessarily require the right of way to access and work on the resources in the subsoil of privately owned as well as on so-called “socially owned” lands in regions targeted for energy development. Thus, the Mexican Congress sought to avoid land-related conflicts by including language related to land ownership and use in the new energy legislation. The legislation, however, may not be able to prevent such conflicts.
Tony Payan, Guadalupe Correa-Cabrera October 29, 2014