Power markets and their structure are complex and critical to providing reliable, affordable electricity worldwide. This is no simple task, as supply and demand must be balanced every second and the market must send the correct price signals to motivate efficient generation and investment in the sector over time. The structure of global power markets […]

The Need for Sustainable Finance in Emerging Markets Emerging market economies require USD 6.9 trillion to USD 7.6 trillion between 2023 and 2030 in order to achieve the Sustainable Development Goals. Additionally, intergovernmental organizations and research institutes worldwide estimate that global investments up to USD 275 trillion will be required between 2020 and 2050 to reduce greenhouse […]

Geopolitical downside risk to oil production can have sizeable effects on oil price uncertainty and the global economy. This column argues, however, that it is not a major driver of macroeconomic fluctuations because large shifts in such risk are rare. Macroeconomic disaster risk is a more important driver of economic downturns. It also increases oil […]