Abstract
Stability in international energy markets is critical for promoting adequate investment in infrastructure so that economic activity can be sustained, in order to provide pathways for growth and improvement in welfare. In light of recent global events and the varied sources of market instability that have been presented historically, as well as various commercial and government goals that drive lower carbon intensity in the energy value chain, it is important to consider energy market stability in the broader context of energy transitions. The preservation, expansion, and in some cases, establishment of institutions that promote energy market stability are important for future economic well-being. We propose that the Group of 20 (G20) take steps to preserve and promote energy market depth through infrastructure resilience and institutional fortitude.
