Special
The eurozone economy benefits from the fall in energy prices, generous government subsidies and high job security. Yet inflation continues to be high and we foresee interest rates to stay elevated for longer, which hurts private demand.
Special
The European offshore wind supply chain faces different challenges that could hamper the EU and its member states’ efforts to reach their offshore wind targets. The European wind industry, particularly turbine manufacturers, are struggling due to slow permitting, increased cost inflation of raw materials and logistics, dependency on imports of raw materials, growing demand for larger turbines, and competition from China.
Special
On September 14, the European Commission proposed specific intervention measures to address the soaring energy prices. Such intervention is a complex task, and any approach has its own drawbacks. This report reviews the proposal and contextualises it, among all the possible ones.
Special
PPAs are on the rise in Europe, as such contracts are an increasingly popular way of financing the deployment of renewables. However, the growth in this market is not hurdle free. High power market volatility pushes players to rethink their strategies.
Special
The current energy crisis has highlighted the geopolitical risks associated with our dependence on Russian gas. The EU aims to become fully independent from Russian energy, but replacing Russian gas fully is easier said than done.
Special
The economic impacts of a CO2 tax on combustion vary strongly across sectors, countries and scenarios. Yet, for overall Dutch GDP, it may not matter much whether the tax is introduced only in the Netherlands or also in the EU, EFTA and UK.
Special
Post-COP26, the 1.5°C target is still out of reach, but the gap narrows as Glasgow brought some progress. Paris Agreement Rulebook was finalized and new emission reduction pledges were announced. Yet, credibility concerns cast some shadow over these announcements and climate finance remains unsettled.
Special
US and European natural gas prices have jumped to multi-year highs; to the extent that comparisons with the 1970’s oil crises are perhaps not as far-fetched as some would think.
Special
Advanced G20 countries have really fired up the cash cannon compared to emerging G20 economies during Covid-19. But without this sizeable government spending by both the advanced and the emerging G20 countries, G20’s total contraction could have been four times more severe.
Special
Momentum for green hydrogen is growing in North-West Europe. Almost every week, a new initiative is announced. The Netherlands has a clear lead over Germany, but the latter is catching-up fast.
Special Dutch version
The EU Taxonomy is a new ‘green language’ that helps to identify sustainable investments. Large public-interest companies within the EU will soon be required to report which part of their turnover and expenditure is in line with this.
Special
Economic convergence is a prerequisite for a stable Eurozone in the long run, but this may be hard to achieve. In the short term it might be more rewarding to investigate the possibilities of narrowing the gap in competitiveness.
Special
The corona crisis has caused major social, economic and political upheaval and has increased uncertainty about the future. We use scenario analysis to shed light on where countries around the world may be headed next.
Special
While we currently expect a V-shaped recovery for the global economy, there is a clear risk of a more U-shaped or even L-shaped recovery. There could also be effects on global growth beyond the 2021 horizon. We expect annual structural growth (up to 2030) in the US to drop from 1.6% to 1.4%. For the Netherlands, structural growth is set to decline from 1.3% to 1.1%.
