The achieved international consensus on the 1.5–2 °C target entails that most of current fossil fuel reserves must remain unburned. A major contribution has to come from coal as both the most abundant and the most emission-intensive fuel. Currently, a majority of climate policies aiming at reducing coal consumption are directed towards the demand side. In the absence of a global carbon-pricing regime, ...
The question of what banking sector diversity actually means and what it impliesfor the funding of small and medium sized firms (SMEs) and for banking sectorstability is still open, and this is particularly relevant since the financial crisis hashit the European countries. In fact, the crisis raised doubts if previous researchthat finds comparative advantages for more concentrated banking sectors...
BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.
This paper presents a general electricity-CO2 modeling framework that is able to simulate interactions of the energy-only market with different forms of national policy measures. We set up a two sector model where players can invest into various types of generation technologies including renewables, nuclear power and carbon capture, transport, and storage (CCTS). For a detailed representation of CCTS ...
According to DIW Berlin estimates, the German economy should grow by 2.4 percent this year and 1.9 percent the following year. The GDP growth forecast has thus increased by 0.2 percentage points for this year compared to December and by 0.3 percentage points for the coming year. This primarily reflects the new fiscal policy framework resulting from the coalition agreement between the three parties ...
The German economy will grow by 2.4 percent this year, especially due to strong foreign demand. Brisk investment activity continues in this economic climate; stimulus from foreign trade, however, is weakening somewhat. Despite strong consumer demand in the coming quarters, employment and economic output growth are losing momentum. However, stimulus measures from the new federal government will increase ...
The global economy is likely to grow by over four percent this year and somewhat less next year. DIW Berlin has slightly raised its forecast for both years. Developed economies as well as emerging markets are experiencing an upturn; however, growth rates are likely to be slightly lower in the future. One reason for the sound global economy is the fact that the labor market situation is steadily improving, ...
