All rights reserved. Yet countries have not adopted any rigorous methodology to assess which sectors are strategic. In the context of this research, agrivoltaics is a technological evolution of solar. Simply indispensable.Carl Bildt, former Prime Minister, Sweden, I have been reading the CERs papers regularlyfor many years. Qualifications include high traffic, popularity, controversy, strong bias, and the potential for false or misleading information. This will ensure that fossil fuel energy prices remain high during the phase-out, making it harder for politicians to press for tougher policies to reduce emissions (especially if these policies raise energy costs for consumers). A big short-term priority for governments is to ease the adjustment that the energy crisis necessitates. . While inflation has surged across the United States, the United Kingdom and the euro area, the underlying dynamics differ across the jurisdictions. The CER won the think-tank of the year award at the Prospect Think Tank Awards 2018. How should governments finance investment in clean energy? Is there a need for a permanent fiscal capacity at the EU level, and should it be focused on investment, or on more countercyclical forms of spending? Because European countries were largely net energy importers, Europe was inevitably poorer. Europe will have to consider mining and processing rare earths domestically if it wants to combine its quest for strategic autonomy with the green transition. In addition, their high level access to ministers and officials across the European capitals allows them to provide real insights in their confidential briefings.Richard Lambert, Chairman, British Museum, Brexit and the UKs changing relationship with the EU will be questions of interest and concern for years to come. In our complex, fast moving Europe you can rely on the CER to be on-the-ball and genuinely informative.Lord Robertson of Port Ellen, Former NATO Secretary General and UK Defence Secretary, As a member of the CERs advisory board since it was established, I have greatly benefited from and admired the way in which it has reached out, not only right across the EU itself but beyond to Ankara, Kiev, Moscow and Washington. We are not affiliated with any government, political party or European institution. The factors underpinning the pre-pandemic secular stagnation, such as the global savings glut, might reassert themselves. Now many European governments are seeking to help households cope with higher inflation, through cash transfers and caps on energy prices. Alemania, Rusia y Ucrania: de punto de inflexin a ignorar lo esencial, CER Bulletin - 25th Anniversary Edition: Issue 148 - February/March 2023, 25 years on, the CER is more necessary than ever, Brexit slammed the UK economy. La lentitud de Berln a la hora de autorizar el envo de tanques Leopard 2 a Ucrania ha sido una mala noticia para este pas, la seguridad europea y la propia Alemania. You may not copy, reproduce, republish or circulate in any way the content from this publication except for your own personal and non-commercial use. And the shift in demand away from services and towards goods during the pandemic meant that Chinas exports increased dramatically. But it increasingly looks like Europe can manage without Russian gas. Centre for European Reform | 5,750 followers on LinkedIn. Not all factories run 24 hours a day: harnessing their flexibility in energy consumption would be helpful. BARCELONA, March 1 Netflix co-chief Greg Peters has dismissed a call by European network operators for a levy on major online services, reported German Press Agency. For his part, Putin has been withholding gas supplies in order to damage Europes economy. But participants disagreed on the extent to which the US and Europe should deglobalise supply chains, in order to reduce that power. It is a prominent source of ideas and commentary in debates about a wide range of EU-related issues, both in the United Kingdom and in the European Union. The European Commissions proposals for new fiscal rules would decentralise power, according to one discussant. For many participants this meant nuclear power. Brexit and the Australia deal is bad for British farming so why didn't any Ministers intervene? For example, there is no Western consensus on whether the production of active pharmaceutical ingredients or smartphones is strategically important. Mildly encouraging progress has been made on some issues in recent years. Charles Grant, a journalist at The Economist, left his position there in 1998 to work at CER on a full-time basis, and has led the organization since then. A joint report by the UK in a Changing Europe and the Centre for European Reform think tanks found the ending of free movement is contributing significantly to current labour shortages. In the medium term, Covid may accelerate the globalisation of services trade, by proving that more services can be delivered remotely. European Policy Centre. The role of government was to distribute the costs of higher energy prices fairly and cut consumption of imported energy. There were disagreements on the role of fiscal policy, however. The report then highlights some of the CER's most important publications and events from 2022. These countries concerns are not irrational. May be an image of one or more people and text that says 'CENTRE FOR EUROPEAN REFORM 1 LONDON BRUSSELS BERLIN HYBRID DISCUSSION ON 'EU-US CO-OPERATION ON PUBLIC HEALTH' with Pierre Delsaux and Gary Disbrow 13 JULY 2022, BRUSSELS/ZOOM IF YOU ARE INTERESTED IN ATTENDING THIS EVENT PLEASE EMAIL: BRUSSELS@CER.EU OR REGISTER VIA THE LINK BELOW.' . How will Europe cope without Russian gas? The most important drawback of swift rate hikes and shrinking central bank balance sheets is that these measures may choke off the investment urgently needed for the energy transition. Can the EU afford to drive out American cloud services? In this weeks episode of the CER podcast Ian Bond discusses the Ukraine-Russia war with Sir Richard Shireff & Dr Olesya Khromeychuk. "The Centre for European Reform, by far the best of all EU think-tanks in London"The Guardian, "A think-tank that manages to be both Atlanticist and Europhile" The Economist, "A think-tank with an increasingly influential role in the shaping of official policy" Financial Times, "Like many people I am bombarded with information on a daily, basis about Europe. In this respect, getting rid of national vetoes on building cross-border interconnectors would help. Their rapid tightening will only work its way through the economy with a significant lag, by which time supply chains may have normalised and a wage-price spiral may not have materialised. Through our meetings, seminars and conferences, we bring together people from the worlds of politics and business, as well as other opinion-formers. Charles Grant is director of the Centre for European Reform (CER). The Centre for European Reform is a think-tank devoted to making the European Union work better and strengthening its role in the world. If Turkey continues to block Swedish membership, Finland should join NATO alone. Rapid economic recovery after lockdowns, together with bottlenecks in gas supply chains and a particularly hot summer, contributed to a gas price spike in autumn 2021. Furthermore, the drivers of labour market tightness differ in the US and in Europe: for example, one participant noted it cannot be ruled out that the US is facing a one-off wage increase in sectors where workers were simply paidtoo little. Others argued that, with European economies on the brink of recession, and given the fact that changes in monetary policy take time to have an effect, there was a risk that central banks would raise unemployment too far if they did not stop tightening. Firms now see global supply chains as riskier than they did before, and seek greater resilience and protection from political and economic risks. We are pro-European but not uncritical. In these rapidly changing political times,the experts at the CER provide the high qualityanalysis and intelligence on some of the mosttopical issues of interest today. One example is the recent OECD-brokered agreement on global corporate tax reform, which almost all countries see as a positive development to address the harm caused by tax havens, a problem which even economically powerful countries have been unable to tackle effectively on their own. For its part, Russia has avoided a collapse of the ruble and its trade surplus increased after its invasion of Ukraine. Most future growth in the working age population will take place in Africa, which, however, is much less integrated into the global economy and will therefore not have the same disinflationary effect. Central banking is exceptionally difficult at the moment. Several participants pointed out, however, that member-states are unlikely to give up their national energy prerogatives. While some European firms can absorb soaring energy bills in the short term, the key question is how they can remain competitive in the long term. Search through our research. John also discusses the methodology behind his findings and responds to criticisms of his analysis. Globalisation has proved resilient to other recent challenges too. Watch the video of the event here. A year of war in Europe: The balance sheet, Finland should be ready to join NATO, with or without Sweden, Hungary, Poland and the rule of law: Follow the money, La comptitivit ne sobtient pas en dversant des montagnes de cash, Finland should prepare to join NATO on its own, L'UE peut-elle se permettre de maintenir les sanctions contre la Hongrie et la Pologne ? Some participants did not see any inherent reason to believe that these secular forces had been reversed by the pandemic. One participant stressed the rise of the intangible economy, with physical assets falling in importance compared to less tangible things like knowledge, relationships between investors, workers and companies, and software and databases. Confidence of Initial Assessment: Medium In this vein, one panellist pointed to the end of the pre-pandemic era in which the ECBs policy was obvious: a loose monetary stance was needed when there was low inflation, an economy with room to grow and the need to stabilise the monetary union. Nationalist economic policies like Brexit pose long-term problems for the countries that pursue them: UK services trade is lagging, and goods trade with the EU has never recovered from Brexit. Texas Legislative Issues 2023 Energy, Rene Cross and Mark Jones, Hobby School of Public Affairs, University of Houston. These decisions are often driven by a combination of national security concerns, corporate interests and other political considerations, such as labour union pressure. Oil and gas make up 60 per cent of Russian exports, and the government taxes 70 per cent of the associated revenues. Finally, discussants agreed that there were important areas where re-globalisation or at least a much more energised multilateral order was essential to address global issues. All governments are struggling with rapidly rising prices of health care, and citizens in all countries demand more health care provision as societies get richer and older. You may not copy, reproduce, republish or circulate in any way the content from this publication except for your own personal and non-commercial use.Any other use requires the prior written permission of the Centre for European Reform. The costs of installing renewables, including wind, solar and batteries, continue to fall, providing a strong tailwind to Europes green ambitions. For its part, the ECB has learnt from the crises of 2010, 2012 and 2015 that any instability in highly indebted countries can spread quickly. Government support for investment in energy efficiency and the green transition is therefore paramount. Monetary tightening will bring risks of its own that need to be managed. This is a good tactic, but not a sustainable strategy in the long-term. It also meant higher taxes on pollution and traffic congestion. Centre for European Reform | 5,777 followers on LinkedIn. It was important to assess carefully which goods were a problem perhaps microchips, energy, rare earths and batteries required government intervention, because they were inputs into many other goods. The CER is pro-European but not uncritical. As a result, labour markets in the US have become extremely tight, leading to increases in wages, a dynamic also observed in the UK, albeit to a lesser degree. They delve into the methods used to reach this figure and debate the potential benefits and drawbacks of sector-specific immigration rules to try to reduce labour shortages. The Centre for European Reform is a think-tank devoted to making the European Union work better and strengthening its role in the world. Soon afterBoris Johnson struck a deal with the EU in October2019on the Withdrawal Agreement, including the Northern Ireland protocol, the British governmentdemanded changes to the Protocol. The Protocol deal is a win for Sunak - and the EU. Most of our events are by invitation only and off the record, to ensure a high level of debate. The Centre for European Reform is an award winning independent think-tank devoted to making the EU work better, and strengthening its role in the world. 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