Finance
Rosneft – On the Road to Global NOC Status?
Published: 19th January 2012| By: James Henderson
Since the election of Vladimir Putin as president of Russia in 2000 Rosneft has become one of the cornerstones of the strategy for the Russian state to retake control over the ‘commanding heights’ of the economy, and in particular the energy sector. However, having now established itself as a global-scale oil company, Rosneft faces a [...]
Download the Publication 497.17KBCategories / Country and Regional Studies, Energy Economics, Finance, Oil, Oil & Middle East Programme, Working Papers, Working Papers
Expanding the European dimension in energy policy: the Commission’s latest initiatives
Published: 28th October 2011| By: David Buchan
The European Commission has broken new ground in proposing to streamline national planning approval of vital energy infrastructure, use EU funds to leverage private finance for such networks and to negotiate foreign pipelines on the EU’s behalf. These initiatives coincide awkwardly with the eurozone crisis. But David Buchan broadly endorses Brussels’ attempt to kick-start implementation [...]
Download the Publication 362.33KBCategories / Country and Regional Studies, Energy and the Environment, Energy Policy, Finance, Gas, Renewable, Working Papers
Security of Gas Supply in South Eastern Europe: Potential Contribution of Planned Pipelines, LNG and Storage
Published: 5th July 2011| By: Anastasios Giamouridis, Spiros Paleoyannis
Much of the debate on European gas security which followed the Russia-Ukraine crisis of January 2009, neglected the fact that consumers which lost their gas supply were limited to countries in south Eastern Europe. Anastasios Giamouridis and Spiros Paleoyannis have reviewed the security of supply situation in the gas markets of South Eastern Europe by [...]
Download the Publication 2.72MBCategories / Country and Regional Studies, Energy Policy, Energy Security, Finance, Gas, Gas Programme, Working Papers, Working Papers
The Oil Trading Markets, 2003-2010: Analysis of market behaviour and possible policy responses
Published: 11th April 2011| By: Adair Turner, Jon Farrimond, Jonathan Hill
In this working paper, Adair Turner et al. consider price movements in the oil trading markets between 2003 and 2010, and provide an analysis of factors which potentially explain the significant trends in this period. The authors also discuss the impact of different forms of oil price volatility and propose the type that matters most [...]
Download the Publication 1.2MBCategories / Energy Economics, Energy Policy, Finance, Oil, Oil & Middle East Programme, Publications, Working Papers, Working Papers
The Transition to Hub-Based Gas Pricing in Continental Europe
Published: 31st March 2011| By: Jonathan Stern, Howard Rogers
This paper by Jonathan Stern and Howard Rogers argue that Continental European gas markets are moving inexorably from oil-linked to hub-based pricing. Market prices for gas increasingly reflect a complex combination of national regional and global supply and demand for gas rather than oil products. An increasingly competitive European gas market created by third party [...]
Download the Publication 1.03MBCategories / Energy Economics, Energy Policy, Finance, Gas, Gas Programme, Oil, Working Papers, Working Papers
An Anatomy of the Crude Oil Pricing System
Published: 14th February 2011| By: Bassam Fattouh
The main purpose of this report is to analyse the main features of the current crude oil pricing system; to describe the structure of the main benchmarks currently used namely Brent West Texas Intermediate (WTI) and Dubai-Oman; to clearly identify the various financial layers that have emerged around these physical benchmarks; to analyse the links [...]
Download the Publication 1.86MBCategories / Energy Economics, Finance, Oil, Oil & Middle East Programme, Publications, Working Papers, Working Papers
Addressing Large Developing Country Emissions: The case for strategic Sino-European collaboration under joint commitments
Published: 31st March 2010| By: Benito Müller, David Robinson, Zhang Xiliang
The objective of this Report is to explore the potential for addressing developing country greenhouse gas emissions at scale through bilateral ‘Joint Commitment Framework Agreements’ (JCFA). It focuses on the potential to reduce the growth of coal-based emissions in the Chinese power sector through large-scale collaboration between European and Chinese enterprises in the production of [...]
Download the Publication 1.27MBCategories / Country and Regional Studies, Energy and the Environment, Energy Policy, Finance, Renewable, Working Papers
The Reformed Financial Mechanism of the UNFCCC Part II: The Question of Oversight Post Copenhagen Synthesis Report
Published: 2nd March 2010| By: Benito Müller
This Energy and Environment Paper follows the original publication on the Refomred Financial Mechanism proposal (OIES EV 45). It analyses four areas of oversight:How to design decision making (processes and remits) for the UNFCCC COP and RFM executive body so as to ensure sufficient political oversight and buy-in without the danger of over-politicized micro-management of [...]
Download the Publication 1.02MBCategories / Energy and the Environment, Finance, Publications, Working Papers
The Reformed Financial Mechanism of the UNFCCC Promoting Transparency & Accountability
Published: 2nd March 2010| By: Luis Gomez-Echeverri
The fight against climate change needs the full engagement of developing countries. And for this to happen argues Luis Gomez-Echeverri national institutions with the capacity to identify priorities and manage the resources for action are urgently needed. The report focuses on the institutional needs and best practices already found.
Download the Publication 348.4KBCategories / Energy and the Environment, Finance, Publications, Working Papers
The Reformed Financial Mechanism of the UNFCCC: Renegotiating the role of civil society in the governance of climate change.
Published: 2nd March 2010| By: Anju Sharma
To what extent have existing institutions for climate change finance succeeded in bringing the voices of poor and disadvantaged sections of civil society to the decision-making table? This paper by Anju Sharma analyses the models for civil society engagement adopted by the Global Environment Facility and the World Bank’s Climate Investment Funds. It finds that [...]
Download the Publication 663.99KBCategories / Energy and the Environment, Energy Policy, Finance, Publications, Working Papers