• Publication Regulation Tradeable RABs and the split cost of capital
    January 2, 2008

    Whilst regulators have resisted the concept of the split cost of capital, financial markets have been applying its logic with enthusiasm. The recent takeover of Norweb with a reported 45% premium to the regulated capital value (RCV) takes the...
  • Publication Climate Change Too Good To Be True? The UK's Climate Change Record
    December 10, 2007

    At first glance Britain has one of the best records in Europe on climate change; greenhouse gas emissions fell in the 1990s and it has already surpassed its 2012 Kyoto target. This paper examines whether the claimed superiority of Britain's approach is so
  • Publication Infrastructure It's not over yet: the implications of the credit crunch
    October 29, 2007

    2007 will go down in economic history as a roller-coaster – it’s not often that we see a global credit crunch which requires over half a trillion dollars to stabilise, and a run on a major London bank. The former occurs roughly every quarter of a century,
  • Publication Europe The Russian dimension and Europe's external energy policy
    September 3, 2007

    A striking feature of Europe's energy mix is its growing dependency on imported gas, and in particular its dependency on Russia as a source of supply. For some, this trend poses few new and special difficulties... For others, oil dependency is not quite s
  • Publication Regulation Real Interest and the Return to Normalcy
    July 25, 2007

    What drives markets in the end are fundamentals, and few variables are as important as the real interest rate—the return, after inflation, on relatively risk-less assets. It determines one part of the return on savings, and it feeds through into the relat
  • Publication Energy A Browner shade of green: energy and environment after Blair
    July 9, 2007

    The handover from Blair to Brown has been a long drawn-out process, and now it has finally happened and a new Cabinet and ministers have been appointed, the policy questions return. How green is Brown? How will the recent White Papers on energy planning,
  • Publication Climate Change The Structure and Operation of Government and the Challenges of Climate Change
    June 20, 2007

    Memorandum of evidence submitted to the House of Commons Environmental Audit Committee Inquiry.
  • Publication Transport Reforming Airport Regulation
    June 11, 2007

    The current debate about the future of airport regulation in the UK has arisen for a variety of reasons, which have together built up a substantive case for reform. In addition to the customer and airline complaints on the quality of service, the takeover
  • Presentation Europe European energy policy: meeting security of supply and climate change challenges. EIB paper, Vol.12
    May 1, 2007

  • Publication Climate Change Climate change: sustainable growth, markets and institutions
    April 1, 2007

    Paper for the UN Human Development Report 2007
  • Publication Communications BBC Paper on Future of the Licence Fee and its Regulation
    January 29, 2007

    The 2006/07 renewal of the Charter and the settlement of the licence fee have not resulted in a consensus as to the future of the BBC.
  • Publication Europe Europe’s energy crunch
    January 26, 2007

    The energy sector has a habit of creating surprises. Back in the 1980s and 1990s, when oil prices touched $10 a barrel, and there was excess capacity in most European countries, nobody worried much about security of supply, and bothered even less about cl
  • Presentation Europe The European Framework for Energy and Climate Policies
    January 23, 2007

  • Publication Europe Europe's energy future: in the dark
    January 16, 2007

    Published by openDemocracy, January 2007. The European Commission's new energy plan falls far short of the integrated, long-term strategy that the continent needs, says Dieter Helm.
  • Publication Climate Change The Rising Cost of Change
    January 10, 2007

    Published in Oxford Forum, Volume 3, Autumn 2005, pp. 22-23. In the twenty-first century, there are many challenges that threaten our way of life, itself the product of the enormous economic expansion of the twentieth century. International terrorism and
  • Presentation Water Water Regulation: is it fit for purpose?
    October 23, 2006

    Presentation slides
  • Publication Regulation OXREP Special edition on regulation
    June 1, 2006

    Oxford Review of Economic Policy, special edition on regulation, summer 2006
  • Publication Regulation Ownership Utility Regulation and Financial Structures: an Emerging Model
    January 14, 2006

    Recent corporate activity and the emergence of highly geared companies in the utility and infrastructure sectors have raised fundamental questions about risk, returns and the appropriate responses from investors and regulators. A gradual revolution has be
  • Publication Environment House of Commons Environmental Audit Committee Evidence
    November 16, 2005

    This memorandum focuses on three issues: the supply/demand balance in the energy sector; the linkage between security of supply, investment and the climate change objectives; and the energy policy framework required to promote low carbon technologies. In
  • Publication Regulation The Case for Regulatory Reform
    July 31, 2005

    In D. Helm (ed.), The Future of Infrastructure Regulation, published by Oxera, July 2005, pp. 1-9. It is tempting to think that, after two decades of experience, regulation might have moved from the controversial and novel, to the tried and tested, that c
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