Capitalism, the market economy, and freedom are always on the defence, especially when politicians influence economic processes, guide behaviour, and regulate prices. In times like these, localisation is important.
Poor policymaking has significantly contributed to Europe’s challenges across various fields. Despite politicians’ professed commitment to evidence-based policymaking, the paper highlights how decisions are infected by populism and short-termism.
As energy prices soar this year, policymakers in the European Union and the United Kingdom have proposed various measures aimed at limiting energy inflation.
The recent outrage sparked by the German-Franco proposal of an EU-Russia summit for Poland and the Baltic States shows how deeply the EU is split on Russia.
Most countries are not on track to meet their promises made under the Paris Agreement, as impactful climate action is often hindered by the high costs of decarbonisation.
Current obligations by the EU to decrease GHG emissions by 20% by 2020 are the most ambitious among industrialised nations. Because of these obligations EU citizens and businesses are experiencing an increasing fnancial burden, EU businesses are losing competitiveness vis-à-vis other industrial or industrialising nations, and a huge bureaucracy has been created that shall perforce have an interest to perpetuate itself.
For a short period, around the turn of the millennium, the UK energy market was highly competitive, offering choice to consumers and keeping prices in check.
The EU has a clear framework to steer its energy and climate policies up to 2020.The 2030 framework should build on the experience and lessons from the current framework.