The Intersection of Politics & Energy Policy
The intersection of Politics and Energy Policy is a busy one. Unfortunately, not everyone agrees on the traffic signals and, as a result, there’s a lot of gridlock. Even as scientists warn that world leaders are running out of time to take comprehensive action on climate change, some politicians are still debating the existence of the problem. Across the globe, the carbon-free-future campaigners are in a tug of war with the fossil-fuel advocates. Bold plans set in motion by one administration are postponed or cancelled by the next.
Changing political winds and the associated uncertainty complicate short- and long-term planning for corporations. Government energy policies – those simply debated and those haltingly implemented – affect global energy prices, as well. This slow, sometimes contradictory, process makes it a challenge to build an energy strategy.
In 2019, energy buyers must remain alert in tracking political developments, as well as traditional concerns about energy security, and trade policies and sanctions, for example, to understand the impact on energy markets.