The Stockholm Institute for Transition Economics (SITE) invited researchers and stakeholders to SITE's 2023 Development Day conference to discuss how to undermine Russia’s capacity to wage war. This policy brief shortly summarizes the featured presentations and discussions.

SITE and FREE Network researchers delve into Europe's rising fuel costs, post-geopolitical shifts. Focused on gasoline and diesel prices, the study assesses household impacts, advocating nuanced policy responses to address economic challenges in the wake of global energy crises.

In a landmark move amid energy volatility, the EU adopts AggregateEU for joint gas procurement. This brief, written by SITE researchers Chloé Le Coq and Elena Paltseva, evaluates challenges in gas market dynamics following the energy crisis, addressing design issues of this innovative mechanism.

After an intensive admissions period, SSE Business Lab is taking in eleven new companies. The startups are tackling challenges like the green energy transition and people’s deteriorating private finances.

Throughout 2022, the reduction in Russian gas imports to the EU and the resilience of European energy markets have been subject of significant public discourse and policy-making. Of particular concern has been the EU’s ability to maintain its environmental goals. In this policy brief, researchers from SITE and the University of Pennsylvania aim to reevaluate the consequences from the loss of Russian gas and the EU’s response to it on greenhouse gas emissions in the region.

On December 6, 2022, Stockholm Institute of Transition Economics (SITE) hosted the annual Development Day, this year focusing on how to maintain and organize support for Ukraine. See photos and highlights from the conference to learn more.

This year’s SITE Development Day conference will focus on the Russian war on Ukraine. We will discuss the situation in Ukraine and neighbouring countries, how to finance and organize financial support within the EU and within Sweden, and how to deal with the current energy crisis.

Against the background of fast rising gasoline and diesel prices in 2022, a number of European countries have reduced fuel tax rates, often in the form of temporary “gas tax holidays”. In this policy brief, SITE researchers Julius Andersson and Celina Tippmann, analyse the tax incidence by comparing the gasoline price development in Sweden to that in Denmark, where the fuel tax rate remained unchanged.

The concern of Russian gas supply disruption and its implications has never been as serious. Chloé Le Coq, Professor at the University of Paris II Panthéon-Assas (CRED) and a Research Fellow at the Stockholm Institute of Transition Economics (SITE), discusses how nudging energy consumers to lower their demand may support the plans of the European Commission (EC).

SITE and NES (New Economic School) researchers investigate how multinational firms manage their relationships with governments under the threat of expropriation. Exploring micro data from the oil and gas industry worldwide, they show that the multinationals delay investment, production and tax payments by more than five years in countries with weak institutions relative to countries with strong ones. These findings are consistent with the theory suggesting that delaying rents to the government in absence of formal enforcement could decrease the risk of expropriation.