Skip to main content

Home/ Jacob Solomon's group - M2015(B)/ Group items tagged Britain

Rss Feed Group items tagged

Filter: All | Bookmarks | Topics Simple Middle
Aleksi B

Energy: The dash for cash | The Economist - 0 views

www.economist.com/...ut-them-bigger-slice-dash-cash

Production Costs

shared by Aleksi B on 21 Jan 14 - No Cached
  • Mr Cameron said this could be worth £2m-3m ($3m-5m) a year for each
  • The industry says firms will pay £100,000 into funds for residents near each new exploration site, as well as 1% of revenues when wells start pumping gas.
  • hand over 5-10% of their cash.
  • ...1 more annotation...
  • In America, where shale deposits belong to landowners instead of to the state, royalties of 12-25% sweeten the deal. Glynn Williams of Epi-V, which invests in gas services, thinks Britain’s fracking firms will eventually improve their offer, but are unlikely to stump up as much as 5% of their haul.
  • Aleksi B on 21 Jan 14
     
    This article says that in Britain, Shale wants to get a government grant on Fracking within the country. Shale will have to pay residents to leave the area but in return the revenue can be profitable
Haydn W

Fossil fuel subsidies 'killing UK's low-carbon future' | Environment | The Guardian - 0 views

www.theguardian.com/...il-fuel-subsidies-green-energy

The Guardian Fossil Fuels G20 UK Subsidy Environment

shared by Haydn W on 07 Nov 13 - No Cached
  • Fossil fuel subsidies 'killing UK's low-carbon future'
  • despite commitments to cut carbon emissions and reduce "perverse" fossil fuel subsidies.
  • Britain is "shooting itself in the foot" by subsidising its coal, oil and gas industries by $4.2bn (£2.6bn) a year even as government reviews the "green levies" on energy bills which support energy efficiency and renewable power, according to a report published on Thursday.
  • ...10 more annotations...
  • The figures from the Overseas Development Institute suggest that Britain is now the world's fifth largest subsidiser of fossil fuels
  • For every $1 spent to support renewable energy, another $6 were spent on fossil fuel subsidies
  • In 2011, the latest year for which data is available, Britain gave tax breaks of £280m to oil and gas producers and reduced VAT on fossil fuels by several billion pounds
  • Rich countries have committed to phase out "inefficient" fossil fuel subsidies but the ODI figures, drawn from the International energy agency, OECD and other sources, suggest global subsidies to fossil fuel producers totalled $523bn a year in 2011 – dwarfing subsidies to renewable energies.
  • £2.6bn yearly incentive favours investment in carbon at the expense of green energy, says thinktank
  • In effect, each of the 11.6bn tonnes of carbon emitted from the top 11 developed countries comes with an average subsidy of $7 a tonne – around $112 for every adult
  • The figures have been released as ministers prepare to go to Poland for the deadlocked UN climate talks and as uncertainty surrounds the future of government-mandated levies on energy bills that support fuel poverty schemes and renewable energy.
  • G20 governments accepted in 2009 that fossil fuel subsidies encourage wasteful consumption, reduce energy security, and undermine efforts to deal with the threat of climate change.
  • The report said: "Investors are being sent the wrong signals on two fronts as carbon prices decline and fossil fuel subsidies increase."
  • The report argues that fossil fuel subsidies also fail in one of their core stated objectives, which is to to benefit the poorest.
  • Haydn W on 07 Nov 13
     
    This article describes how the UK government is heavily subsidising fossil fuel producers instead of prioritising and investing money in renewable sources of energy. Although it is essential to keep crude oil and fossil fuel prices low, as they are essential to many businesses, consumers and indeed the country itself, the G20, of which the UK is part of, has made a commitment to phasing out fossil fuels in favour of greener and more sustainable energy sources. 
Clemence Lafeuille

U.K. Balance of Payments Worsens - 0 views

online.wsj.com/...702304866904579269712811947376

balance of payments deficit Britain exports

shared by Clemence Lafeuille on 04 Dec 14 - No Cached
  • Clemence Lafeuille on 04 Dec 14
     
    The article talks about how Britain is facing a deficit balance of payments. The state of the world's economy means that exports are not bringing in the country as much money as is needed, and British firms' earnings abroad are not a lot either. As a result, Britain is facing a problem, which can be solved by trying to incentivise exports (as the article discusses).
Marenne M

Wages beat inflation as unemployment falls below 7% | Economy | The Guardian - 0 views

www.theguardian.com/...ployment-falls-below-7-percent

trade-off

shared by Marenne M on 11 May 14 - No Cached
  • Marenne M on 11 May 14
     
    This article describes how the trade-off in Britain between unemployment and inflation is improving. It states how finally after several years, the rate of increase in wages is larger than the increase in the rate of inflation, causing a greater demand for work, and decreasing unemployment.
Clemente F

Cracking Oligopoly - 0 views

www.economist.com/...ish-banking-cracking-oligopoly

Oligopoly

shared by Clemente F on 03 Mar 14 - No Cached
  • Clemente F on 03 Mar 14
     
    This article discusses how british banks are an oligopoly and how they have ripped and are ripping customers.
Daniel B

Britain's GDP Figures - 1 views

www.economist.com/...britains-gdp-figures

macroeconomic activity

shared by Daniel B on 09 Mar 14 - No Cached
  • Daniel B on 09 Mar 14
     
    the article shows the pace of growth of Britain's economy based on GDP in different period of time.
Dina B

' The NHS must be preserved from commercial interests' - 1 views

www.independent.co.uk/...mercial-interests-8978361.html

Public Good

shared by Dina B on 04 Dec 13 - No Cached
  • Dina B on 04 Dec 13
     
    This article, written by Stephen Hawking, talks about how the NHS (british heath care paid for by the government) is a great public good and should not be made private and given a charge. He talks about his personal experience.
Haydn W

Falling oil prices offer the west a great chance to refashion itself. Let's seize it | ... - 1 views

www.theguardian.com/...west-chance-refashion-policies

The Guardian USA Russia Oil Prices Balance of Payments

shared by Haydn W on 05 Dec 14 - No Cached
  • Falling oil prices offer the west a great chance to refashion itself. Let’s seize it
  • For the past 18 months, the world’s biggest oil producer has been the US.
  • One first good result of this oil price shift, however, was witnessed at Opec’s meeting in Vienna last week. The once feared cartel of oil-exporting countries, with Saudi Arabia at its core, a cartel that at one time commanded more than half of global production, is now a shadow of its former self.
  • ...9 more annotations...
  • the US will maintain this new standing for the foreseeable future, according to official projections.
  • It should be no surprise, then, that in the past rising oil prices were associated with recessions and falling oil prices with booms. If the oil price carries on falling back towards $50 a barrel, and if history is any guide, the western economy should respond – to the good.
  • But although particular companies may lose out, the first-round effect of this fall should provide good news. High oil prices depress economic activity. They suck money from consumer spending and redirect it to oil-exporting countries, which typically hoard it in elephantine foreign exchange reserves or unspent  bank deposits. It is a tax by the few on the many.
  • With the US needing to buy less oil on international markets and China’s growth sinking to its lowest mark for 40 years, there is now, amazingly, the prospect of an oil glut. The oil price instantly nosedived to its lowest level for four years, around $70 a barrel – down more than a third in three months.
  • Suddenly, the balance of economic advantage with Russia, no less dependent on oil and gas exports, will flip. Russia’s 2014 budget was based on an oil price of $100 a barrel. At $70 a barrel, the economy will contract by at least 3% in 2015, the country will run a balance of payments deficit and the government’s finances will spin out of control.
  • The chances of Russia sustaining a surrogate war in Ukraine have suddenly been reduced. All good news.
  • But western governments cannot hope that economic benefits will arrive automatically. These are new times.
  • Uncertainty and fear abound. Interest rates in Britain alone have been pegged at 0.5% for more than five years. But still business is reluctant to invest, not knowing what technologies to back or not knowing how much demand there will be for new products and services. We live in an era of stagnation, “secular stagnation”
  • So falling oil prices offer the world economy a great opportunity. But if it is not leapt upon purposefully by aggressively expansionary economic policy, secular stagnation might worsen.
  • Haydn W on 05 Dec 14
     
    The recent fall in oil prices, largely due to America's newfound dominance in the market, will cause Russia to experience a balance of payments deficit, according to this article from the Guardian. This is based on Russia's overestimate of the forecast for the global oil price and can be said to be an example of how global prices often influence balance of payments for countries, especially when it concerns national resources.
1 - 9 of 9
Showing 20▼ items per page