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306 Ergebnisse, ab 111
  • Diskussionspapiere 1935 / 2021

    Carbon Pricing of Basic Materials: Incentives and Risks for the Value Chain and Consumers

    For the European Union to realise its ambition of carbon neutrality, emissions from basic material production need to be reduced through low-carbon production processes, material efficiency and substitution, as well as enhanced recycling. Different reform options for the EU ETS are discussed that ensure a consistent carbon price incentive for all these mitigation options, while avoiding the risk of ...

    2021| Jan Stede, Stefan Pauliuk, Gilang Hardadi, Karsten Neuhoff
  • Diskussionspapiere 1921 / 2020

    A Green COVID-19 Recovery of the EU Basic Materials Sector: Identifying Potentials, Barriers and Policy Solutions

    This paper explores which climate-friendly projects could be part of the COVID-19 recovery while jump-starting the transition of the European basic materials industry. Findings from a literature review on technology options in advanced development stages for climate-friendly production and enhanced sorting and recycling of steel, cement, aluminium and plastics are combined with insights from interviews ...

    2020| Olga Chiappinelli, Timo Gerres, Karsten Neuhoff, Frederik Lettow, Heleen de Coninck, Balázs Felsmann, Eugénie Joltreau, Gauri Khandekar, Pedro Linares, Jörn Richstein, Aleksander Śniegocki, Jan Stede, Tomas Wyns, Cornelis Zandt, Lars Zetterberg
  • Diskussionspapiere 1859 / 2020

    Time-Consistent Carbon Pricing: The Role of Carbon Contracts for Differences

    Carbon pricing decisions by governments are prone to time-inconsistency, which causes the private sector to underinvest in emission-reducing technologies. We show that incentives for decarbonization can be improved if complementing carbon pricing with carbon contracts for differences, where the government commits to pay a fixed carbon price level to the investors. We derive conditions under which the ...

    2020| Olga Chiappinelli, Karsten Neuhoff
  • Diskussionspapiere 1855 / 2020

    Border Carbon Adjustments and Alternative Measures for the EU ETS: An Evaluation

    As part of its Green Deal, the European Commission is considering the introduction of border carbon adjustments and alternative measures. The measures, which would primarily apply to basic materials like steel and cement, pursue a double objective: they are aimed at enhancing the effectiveness of carbon pricing for the transition to climate neutrality but also at avoiding carbon leakage risks. When ...

    2020| Roland Ismer, Karsten Neuhoff, Alice Pirlot
  • Diskussionspapiere 1834 / 2019

    Can Governments Ban Materials with Large Carbon Footprint? Legal and Administrative Assessment of Product Carbon Requirements

    This paper explores whether governments can ban carbon-intensive materials through product carbon requirements. By setting near-zero emission limits for the production of materials to be sold within a jurisdiction, governments would accelerate the phase out of carbon-intensive production processes. Their announcement could alert basic materials producers, financing institutions, and other relevant ...

    2019| Timo Gerres, Manuel Haussner, Karsten Neuhoff, Alice Pirlot
  • Diskussionspapiere 1819 / 2019

    Sozialverträglicher CO2-Preis: Vorschlag für einen Pro-Kopf-Bonus durch Krankenversicherungen

    CO2-Abgaben bergen die Gefahr, einkommensschwächere Haushalte überdurchschnittlich zu belasten. Zur Abwehr solcher regressiven Verteilungswirkungen wird erwogen, einen Teil der Einnahmen durch einen Pro-Kopf-Bonus an die Bürger*innen zurückzugeben. Der vorliegende Beitrag entwickelt einen Vorschlag für einen in das deutsche Krankenversicherungssystem integrierten Bonus. Dazu werden zunächst die Ziele ...

    2019| Roland Ismer, Manuel Haußner, Klaus Meßerschmidt, Karsten Neuhoff
  • Diskussionspapiere 1765 / 2018

    An Auction Story: How Simple Bids Struggle with Uncertainty

    Short-term electricity markets are key to an efficient production by generation units. We develop a two-period model to assess different bidding formats to determine for each bidding format the optimal bidding strategy of competitive generators facing price-uncertainty. We compare the results for simple bidding, block bidding and multi-part bidding and find that even under optimal simple and block ...

    2018| Jörn C. Richstein, Casimir Lorenz, Karsten Neuhoff
  • Diskussionspapiere 1746 / 2018

    Renewable Energy Policy in the Age of Falling Technology Costs

    Cost of renewable energies have dropped, approaching wholesale power price levels. As a result, the role of renewable energy policy design is shifting – from covering incremental costs towards facilitating risk-hedging. An analytical model of the financing structure of renewable investment projects is developed to assess this effect und used to compare different policy design choices: contracts for ...

    2018| Karsten Neuhoff, Nils May, Jörn C. Richstein
  • Diskussionspapiere 1712 / 2017

    Benchmarks for Emissions Trading – General Principles for Emissions Scope

    Greenhouse gas emission benchmarks are widely implemented as a policy tool, as more countries move to implement carbon pricing mechanisms for industrial emissions. In particular, benchmarks are used to determine the level of free allowance allocation in emission trading schemes, which are distributed as a measure to prevent carbon leakage. This paper analyses how benchmark designs impact firms’ production ...

    2017| Vera Zipperer, Misato Sato, Karsten Neuhoff
  • Diskussionspapiere 1710 / 2017

    Time-Consistent Carbon Pricing

    In this paper we show that carbon pricing is subject to time-inconsistency and we investigate solutions to improve on the problem and restore the incentive for the private sector to invest in low-carbon innovation. We show that a superior price- investment equilibrium can be sustained in the long-term, if the policy-maker is enough forward looking and allowed to build reputation. In the short-term, ...

    2017| Olga Chiappinelli, Karsten Neuhoff
306 Ergebnisse, ab 111
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