Is it the government’s job to make the energy sector less risky?
- Jul 8, 2019 10:57 pm GMT
The art of government is always about balancing competing objectives. One of the more rewarding balancing acts in the near future will be deciding whether and how to manage energy risk. Recent developments ranging from technology change to public expectations are introducing new risks into the energy market. Because higher risk translates to higher costs, the question inevitably arises – should government play a role in reducing the risk of new energy investments?
Analyzing recent trends, the International Energy Agency recently said, “Whichever way you look, we are storing up risks for the future.” They pointed to disconcerting reductions in capital spending on conventional power facilities, combined with apparent under-investment in clean energy technology. Although each region is different, these are worrisome global trends. (See “Power sector got most investment worldwide” for a more complete report.)
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.