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DIW Economic Bulletin 39/40 / 2017
The costs of renewable energy technologies have fallen sharply. Now the financing costs of new installations are playing an increasing role in the overall cost of Germany’s energy transition. This has put the primary focus of support instruments for renewable energy on creating more affordable financing conditions for investments. This report compares the effects of various policy instruments on risk ...
2017| Nils May, Ingmar Jürgens, Karsten Neuhoff
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DIW Economic Bulletin 28/29 / 2015
Climate protection is a global challenge that all countries have a common but differentiated responsibility to address. However, not all governments are willing to commit to targets of equal stringency, and individual countries may put different emphases on carbon pricing in their policy mix. Carbon prices may thus continue to differ over longer time horizons. Therefore, measures to protect production ...
2015| Karsten Neuhoff, William Acworth, Roland Ismer, Oliver Sartor, Lars Zetterberg
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DIW Economic Bulletin 28/29 / 2015
2015
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DIW Economic Bulletin 28/29 / 2015
Since 2007, the European cement and steel sectors have been characterized by substantial surplus production capacity. Hence re-investment in primary production of many materials remains limited and endangers the longer-term economic viability of many plants. Opportunities for innovation and modernization could overcome these challenges. They are linked to new demands for more efficient and lower-carbon ...
2015| Karsten Neuhoff, Andrzej Ancygier, Jean-Pierre Ponssard, Philippe Quirion, Nagore Sabio, Oliver Sartor, Misato Sato, Anne Schopp
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DIW Economic Bulletin 24 / 2015
Up until now, wind turbines have been designed to generate electricity at the lowest possible total cost, independent of this electricity’s market value. With an increasing penetration of wind power in the system, the market value of electricity generated by wind turbines is declining, since wind turbines tend to produce electricity at the same time. For this reason, it will be important in the future ...
2015| Nils May, Karsten Neuhoff, Frieder Borggrefe
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DIW Economic Bulletin 21 / 2015
2015
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DIW Economic Bulletin 21 / 2015
The 2014 reform of the Renewable Energy Sources Act (Erneuerbare-Energien- Gesetz, or EEG) entailed that a mandatory direct marketing of green electricity be introduced. According to this law, operators of larger wind turbines must sell their electricity production on the electricity market. In addition to the wholesale price they receive a floating market premium, which is based on the average market ...
2015| Thilo Grau, Karsten Neuhoff, Matthew Tisdale
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DIW Economic Bulletin 19 / 2015
2015
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DIW Economic Bulletin 19 / 2015
The energy transition will require considerable increases in energy efficiency, particularly in residential buildings. Financial support mechanisms, information and adviceprograms and dedicated training and certification of craftsmen are already in place to stimulate energy efficiency investment. Nevertheless, the required annual rate of thermal building refurbishment of around two percent is so far ...
2015| Claus Michelsen, Karsten Neuhoff, Anne Schopp
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DIW Economic Bulletin 9 / 2013
Achieving the objectives of the German governments 2010 Energy Concept and the accelerated phase-out of nuclear energy will require significant investment in restructuring energy supply. In particular, this includes investment in installations for the use of renewable energy sources in the power and heating sector, as well as in the infrastructure, such as power grids. In addition, substantial investment ...
2013| Jürgen Blazejczak, Jochen Diekmann, Dietmar Edler, Claudia Kemfert, Karsten Neuhoff, Wolf-Peter Schill