This blog post was first published on IEA Insider. Subscribe at insider.iea.org.uk Observers of energy policy often assume that national success … Continue reading “Carbon Taxes, Not Magic Bullets”

The IEA is an educational charity in the classical liberal tradition, whose mission is to improve understanding of the fundamental … Continue reading “The social costs of fraud and its prevention “

Noah Smith used this curious phrase in a recent piece on “The pushback against industrial policy” to justify a preference … Continue reading “The Technological Externality of Scaling”

“UK gas exports sourced from the North Sea and the Irish Sea double in a year… even as millions of … Continue reading “The Daily Mail’s “energy mercantilism” is deeply misguided”

You would think that half the UK energy suppliers going bust would be quite a good indicator that they are … Continue reading “The public is dangerously misinformed on energy policy”

Market failures are not simply outcomes you do not like. They are institutional inefficiencies such as externalities (where a proportion … Continue reading “When market failure attracts rent-seekers”

A long time ago – when people were more worried about global cooling than warming, but were just as worried … Continue reading “The market as a learning process”

The energy-price crisis is an economic problem. It is not a moral problem. It is a matter of bringing supply … Continue reading “Energy price hikes: less moralising, more economics”

Debates over climate policy often get bogged down in different judgments about future technological progress and costs. What will our … Continue reading “Net Zero is a flawed and irrational policy”