Energy transition, financial markets and new EU interventionism
In times of greater government interference with economic markets, this paper studies the conditions under which energy markets listen to policymakers and what implications these have for climate change and the energy transition. Building on the case of EU industrial policy announcements in the aftermath of the Russian invasion into Ukraine, we theorize that different types of policy announcements will affect investment and capital (re)allocation decisions in energy markets and that some of them may have had hopeful implications for green energy companies, if only for a short amount of time.