We investigate how fuel taxation reduces climate and pollution externalities by evaluating the world’s largest environmental tax reform. Using spatially detailed emissions data from more than 1,000 European regions in a synthetic difference-in-differences framework, we evaluate the impact of Germany’s 1999 ecological tax reform on transport-related carbon and air pollutant emissions. We document sizable ...
Many debates highlight that EU ETS and Carbon Border Adjustment Mechanism (CBAM) fail to adequately address exports, resource shuffling and the value chain. These issues are now of particular concern, because (i) the fragmented global climate policy landscape risks further delays in global carbon pricing and (ii) the vulnerability of domestic industries has increased due to energy price shocks and...
This presentation will provide an overview of the current energy political landscape in the United States under the current Trump Administration with a focus on nuclear power projects. This will include an overview of recent policy changes and the implications for reactor restarts, SMR (small modular reactor) projects, and their useability for data centers.
Germany’s current government is planning to realign its energy transition. Against this backdrop, this report provides an overview of current developments in key technologies and indicators for flexibility in the electricity sector. For photovoltaics, growth appears to be leveling off, especially for rooftop installations. Onshore wind power continues to lag its target path, but this gap could close ...
Who Pays When? The Intergenerational Incidence of the Green Transition
In structural vector autoregressive analysis it has become quite popular to identify some structural shocks of interest by external instruments or proxies. This study points out a range of areas where such proxies have been used and sketches the way the proxies have been constructed. It reviews identification and estimation methods that have been considered in this context. Moreover, it points out ...
