The energy crisis is no excuse for bad subsidies
We know what worked and what failed the last time around
We know what worked and what failed the last time around

Political pressure in response to public anxiety will demand policy responses

Castigating companies for ‘profiteering’ is nonsensical and unhelpful rhetoric

Fund urges countries to target support at the most vulnerable rather than using expensive blanket measures

The sector remains untested in a severe or prolonged economic downturn

But it relies on a host of rosy assumptions going in investors’ favour

The creation and dissemination of reliable news is at an economic disadvantage