{"id":23610,"date":"2024-02-14T13:26:07","date_gmt":"2024-02-14T10:26:07","guid":{"rendered":"https:\/\/kefim.org\/?p=23610"},"modified":"2024-02-14T13:26:08","modified_gmt":"2024-02-14T10:26:08","slug":"why-politicians-need-an-evidence-based-approach-to-policy-problems","status":"publish","type":"post","link":"https:\/\/kefim.org\/en\/why-politicians-need-an-evidence-based-approach-to-policy-problems\/","title":{"rendered":"Why politicians need an evidence-based approach to policy problems"},"content":{"rendered":"\n

Poor policymaking has significantly contributed to Europe\u2019s challenges across various fields. Despite politicians\u2019 professed commitment to evidence-based policymaking, the paper highlights how decisions are infected by populism and short-termism.<\/h4>\n\n\n\n
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READ THE PAPER<\/strong><\/a><\/div>\n<\/div>\n\n\n\n
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The failure of energy policy has become apparent in skyrocketing bills since the Russian invasion of Ukraine. Chapter 1 outlines how policies like windfall taxes, green industrial strategies, and energy price caps harm efforts to produce more energy. The report argues for a simplified, less burdensome approach, including liberalising energy markets, removing barriers to competition such as price controls, getting rid of subsidies, and even privatising or breaking up state-controlled monopolies. The chapter also outlines how carbon pricing, which nudges markets towards lower-carbon energy production, should be used to address climate change instead of green industrial policies.<\/p>\n\n\n\n


Chapter 2, signed by KEFIM’s Research Coordinator Constantinos Saravakos and Chris Mantas<\/strong>, highlights the failure of prohibitionist drug and nicotine policies. It reviews how bans, regulation, and over-taxation have fuelled organised violent crime and corruption, increased pressure on criminal justice systems, and been financially costly for governments. The authors recommend a \u2018harm reduction\u2019 approach highlighting the UK\u2019s successful previous approach to vaping and the Netherlands\u2019 and Portugal\u2019s effective drug decriminalisation policies.<\/p>\n\n\n\n


Chapter 3 addresses the difficulties of European pension systems because of ageing populations and mounting debts. The paper reveals a shortfall in European pension contributions relative to the total cost. The gap, estimated at 5.6% of the EU\u2019s GDP, or \u20ac823 billion, in 2021, and is only likely to grow, making it imperative for policymakers to proactively reform pension systems as they become unsustainable.<\/p>\n\n\n\n


Chapter 4 finally highlights the failure to follow the evidence in agricultural policy, epitomised by inefficient state studies and overregulation of innovations like genetically modified organisms (GMOs). A more evidence-based approach could increase efficiencies and lower consumer food prices.<\/p>\n","protected":false},"excerpt":{"rendered":"

Poor policymaking has significantly contributed to Europe\u2019s challenges across various fields. 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