In October 2023, the EU Carbon Border Adjustment Mechanism (CBAM), a part of the reform of the European Emissions Trading System (EU ETS), will come into effect. Currently, energy-intensive industries do not need to purchase all of the necessary EU ETS allowances on the market to remain globally competitive, as the remaining allowances are freely allocated to them. The CBAM plans to gradually replace ...
As an essential element of forward-looking reporting, company transition plans can play an important role in achieving net zero goals. Existing net zero pledges and plans by companies stongly differ in composition and depth and often lack forward-looking pathways to achieve the goal, which makes it hard for stakeholders from the financial sector to systematically assess and consider them in their...
What is the “right” geographic definition of relevant markets? We study how unexpected and exogenous increases in excise duties in petroleum products were passed-through to retail prices in the Athens region and examine how the degree of the pass-through varies across different geographic relevant markets. Using various definitions of the relevant geographic market, we find that the most...
Aktuell wird die Europäische Gebäuderichtline novelliert. Es scheint dabei wahrscheinlich, dass die EU-Kommission die Staaten mit der Einführung von energetischen Mindesteffizienzstandards (Minimum Energy Performance Standards, MEPS) für Nichtwohngebäude beauftragen wird. Dieses Instrument sieht vor, dass zu einem definierten Zeitpunkt (z.B. bis 2030) ein bestimmter Anteil der Bestandsgebäude, die...
Das Land Berlin hat sich verpflichtet, die Ziele des Pariser Klimaschutzabkommens einzuhalten und Klimaneutralität bis 2045 zu erreichen. Neben dem Land haben sich auch die wichtigsten Energieversorger in der Stadt, Vattenfall und Gasag, Klimaziele gesteckt. Das bedeutet, dass die Berliner Wärmeversorgung in den nächsten knapp 15 Jahren von Erdgas auf erneuerbare Quellen umgestellt werden muss. ...
In the recently published communication on the EU 2040 Climate Target, the European Commission outlines the final "stepping stone" on the way to EU climate neutrality by 2050. It not only entails reducing net greenhouse gas emissions by 90% until the year 2040 but also outlines transformative developments in key sectors. In our next Berlin Seminar, we will discuss the proposed European strategy...
