Europe’s reliance on fuel-switching and demand-rationing — and its need for new natural gas supply sources — will persist through this winter into next year. Using a newly developed interactive dashboard, Center for Energy Studies experts analyze possible winter scenarios using Germany as a case study.

Decentralized finance is charting a path toward increased transparency and efficiency in the financial services sector. But do the benefits outweigh the risks?

Without urgent action, the impact of China’s water shortages will ripple across the globe and dramatically perturb global markets for food, energy and industrial goods, write fellow Gabriel Collins and co-author Gopal Reddy.

How durable is the Saudi-Russian relationship, and what are its implications for the longstanding energy-for-security arrangement between Saudi Arabia and the U.S.?

As the European Union develops a carbon border tax and the United States considers its own, this report argues for the need to track cross-border carbon trade comprehensively — including trade in fossil fuels.

To access the full working paper, download the PDF on the left-hand sidebar. 

I. Overview

H.R. 5376, previously known…

In this working paper, the author examines the economic effects of enacting a proposal by the Biden administration to tax long term capital gains at ordinary income tax rates for those with taxable income above $1 million and tax unrealized gains at the time of death for single (joint) filers with more than $1 million ($2 million) in unrealized gains. A similar version of the report was prepared with the financial support of the Center for Freedom and Prosperity Foundation.

Millions of undocumented immigrants have lived in the U.S. for decades and become part of America's fabric. This brief makes the case for prioritizing their legalization — and shows how it can be done.

Argentina is a risky place for foreign investors. But the country’s Vaca Muerta offers a case study on how unconventional shale gas investment may be lower risk, with implications that could spur shale production outside the U.S.