The achieved international consensus on the 1.5–2 °C target entails that most of current fossil fuel reserves must remain unburned. A major contribution has to come from coal as both the most abundant and the most emission-intensive fuel. Currently, a majority of climate policies aiming at reducing coal consumption are directed towards the demand side. In the absence of a global carbon-pricing regime, ...
The question of what banking sector diversity actually means and what it impliesfor the funding of small and medium sized firms (SMEs) and for banking sectorstability is still open, and this is particularly relevant since the financial crisis hashit the European countries. In fact, the crisis raised doubts if previous researchthat finds comparative advantages for more concentrated banking sectors...
Wirtschaftsagenten treffen ihre tagtäglichen ökonomischen Entscheidungen auf Grundlage von Erwartungen über die zukünftige wirtschaftliche Situation. Ermöglicht dieser Mechanismus Regierungen zusätzlichen Spielraum eine Volkswirtschaft zu gestalten, indem gezielt Erwartungen von Agenten beeinflusst werden? Wir untersuchen diese Frage im Kontext einer der bedeutsamsten makroökonomischen...
BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.
This paper presents a general electricity-CO2 modeling framework that is able to simulate interactions of the energy-only market with different forms of national policy measures. We set up a two sector model where players can invest into various types of generation technologies including renewables, nuclear power and carbon capture, transport, and storage (CCTS). For a detailed representation of CCTS ...
The shift away from coal is at the heart of the global low-carbon transition. Can governments of coal-producing countries help facilitate this transition and benefit from it? This paper analyses the case for coal taxes as supply-side climate policy implemented by large coal exporting countries. Coal taxes can reduce global carbon dioxide emissions and benefit coal-rich countries through improved terms-of-trade ...
German Institute for Economic Research: No reason for exaggerated concern about an economic slowdown Euro area states can benefit from an interest rate increase in the U.S. in the short term, according to the findings of a current study by the German Institute for Economic Research (DIW Berlin). Thanks to the devaluation of the euro, their exports would rise to the extent that they are able to overcompensate ...
