2023 Policy Forecasts: Energy & Environment
Welcome to Capstone’s annual forecast of unappreciated policy and regulatory themes companies, investors, and, industries should expect to play out over the course of the year in the energy sector.
Energy Preview: Why Global Energy Concerns Will Spur Broad Underappreciated Policy Opportunities
Capstone believes the favorable policy backdrop for energy will accelerate at the state, federal, and global levels in 2023 amid global concerns over climate change, energy reliability, and energy affordability. In this report, we unpack the policy themes at each level of government that we expect to drive this trend.
Rise of the Middle Powers: Why Fossil Fuel Supply Chains will Upend the Global Status Quo
Capstone believes that, in 2023, the global shortfall in fossil energy supply will further exacerbate geopolitical tensions globally by emboldening a subset of new countries to pursue increasingly assertive foreign policy. The relative influence and bargaining power of countries that control fossil energy supply chains, including Turkey, Brazil, Qatar, Saudi Arabia, and Norway, will continue growing until we begin to see a resurgence in investment directed toward the development of oil, natural gas, and coal resources as well as in the related critical infrastructure that underpins these sectors.
The EU Energy Crisis Response: Why Renewables, Hydrogen, and Recycling Will Play an Even Greater Role
Capstone believes the European Union will remain hyper-focused on stabilising its wholesale electricity and gas markets in 2023 amid its ongoing energy crisis, implementing several short- and long-term reforms to EU energy market rules that will provide tailwinds to the renewables sector. We also expect increased regulator focus on the reuse and recycling of waste. This bodes positively for the waste management and recycling industries and poses headwinds for non-recyclable packaging producers and landfill and incinerator operators, including waste-to-energy (WtE) plants—an underappreciated aspect given the lack of regulatory scrutiny on WtE thus far.
Our Latest Insights
By: Maxwell Reale, Managing Director January 29, 2023 Welcome to the daftest debate in Congress: will the United States government be allowed to pay its existing debt obligations by borrowing money? We are in an era of political brinksmanship and sound bites, where...
Uncovering Risks for State and Local Governments: Why Risks Abound in the Year Ahead, Despite a Facade of Financial Optimism By Matt Wiederrecht Click Here to Download Introduction Capstone believes 2023 will be a volatile period for the finances of some states and...
By: David Barrosse, Capstone CEO and Founder January 22, 2023 - In 2022, Capstone conducted over 100 projects for corporate and investor clients in which we did three basic things: predict policy, quantify impact, and create strategy. In an earlier commentary, I wrote...