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CO²-Footprint is too large

High-Income Households Emit More Greenhouse Gases, Primarily Due to Transport Behavior

Greenhouse gas emissions must be reduced by 65 percent compared to 1990 by 2030 to achieve national climate targets. Nearly one third of greenhouse gas emissions in Germany are caused by private household consumption. Using Socio-Economic Panel (SOEP) data, this Weekly Report calculates the amount of CO2 equivalents emitted by households due to residential energy use, nutrition, and transport in Germany. ...

Friend, Not Foe - Energy Prices and European Monetary Policy

This paper first shows that, contrary to conventional wisdom, the European Central Bank (ECB) can influence global energy prices. Second, through Lucas critique-robust counterfactual analysis, we uncover that the ECB’s ability to affect fast-moving energy prices plays an important role in the transmission of monetary policy. Third, we empirically document that, to optimally fulfill its primary mandate, ...

Rent Control from Ancient Rome to Paris Commune: The Factors Behind Its Introduction

Urban areas confront a chronic shortage of housing, especially in the low-rent segment. This precarious situation is further exacerbated by major challenges, like the destruction of housing by wars and natural catastrophes, rapid increase of demand, or pandemics cutting incomes. In response, the authorities implement rent control that slows rent increases or even freezes rents. Rent control is ubiquitous, ...

Broken Ties: Impact of Venezuela’s Suspension from Mercosur on Trade Networks

This paper examines the impact of sanctions on the structure of regional supply chains, focusing on Venezuela's suspension from the Mercosur trade bloc in 2016. To analyze this, we exploit a uniquely comprehensive database encompassing firm-to-firm transactions across several Latin American economies from 2014 to 2019. Our findings reveal how buyer-supplier linkages adapted to the shock along...

Energy Asset Stranding in Resource-Rich Developing Countries and the Just Transition: A Framework to Push Research Frontiers

Climate policy will inevitably lead to the stranding of fossil energy assets such as production and transport assets for coal, oil, and natural gas. Resource-rich developing countries are particularly affected, as they have a higher risk of asset stranding due to strong fossil dependencies and wider societal consequences beyond revenue disruption. However, there is only little academic and political ...

Decommissioning of Commercial Nuclear Power Plants: Insights from a Multiple-Case Study

The decommissioning of nuclear power plants is a complex and lengthy process. But so far, of the 204 already closed reactors, only eleven with more than 100 MW of electrical capacity have been fully decommissioned, while another 200 reactors are expected to reach the end of their operational lifetime in the next two decades. Against this backdrop, this comparative cross-country case study investigates ...

Workshop on Life-course Inequality Dynamics

Concerns about inequality and questions of social justice and cohesion have re-entered the public arena and animate debate. In his Nobel prize lecture in 2015, Angus Deaton has outlined three imperatives that are key to understanding inequalities and formulating welfare-enhancing policies: (I) Differences in resources across individuals should be measured not only at specific points in time but...

The Implications of Pupil Rank for Achievement

The significance of social interaction has become an increasingly important part of economic thought and models through the work on peer effects, social norms, and networks. Within this literature, a novel focus of ranking within groups has emerged. The rank of an individual is usually defined as the ordinal position within a specific group. This could be the work environment or a classroom, and much ...

Enabling Circular Economy Dynamics in the Plastics and Steel Industries: Perspectives from Multiple Stakeholders

This paper investigates the perspectives of stakeholder groups in the plastic and steel value chains on transitioning toward a circular economy (CE). Through semistructured interviews with 31 business stakeholders, we analyze business strategies, key factors, challenges and opportunities, as well as coordination and regulatory needs for a successful industry-wide CE transition. Our findings highlight ...