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DIW Weekly Report 28 / 2024
Sustainable finance taxonomies such as the European Union (EU) taxonomy can support the transition to a climate-neutral economy. As a classification system, these taxonomies serve to offer transparency and guidance as to how capital flows can be shifted to sustainable and environmentally-friendly activities. In this Weekly Report, we analyze 26 sustainable taxonomies from countries and regions around ...
2024| Catherine Marchewitz, Franziska Schütze, Fernanda Ballesteros
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DIW Weekly Report 42/43/44 / 2022
The building sector plays a major role when it comes to meeting climate targets. An analysis by DIW Berlin based on data from energy provider ista SE shows that in the past two years both the temperature-adjusted heat consumption in German multi-apartment buildings and the temperature-adjusted CO2 emissions have dropped slightly. As positive as this decrease is—despite the increase in homeworking due ...
2022| Till Köveker, Mats Kröger, Franziska Schütze
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DIW Weekly Report 22 / 2021
The green bond market has grown strongly in recent years, especially in the euro area. With regard to the European Union’s climate targets, it is likely that the demand for green bonds—bonds that specifically support sustainable projects— will continue to increase in the future. The European Central Bank (ECB) is buying green bonds as well and is planning to reorient its strategy towards more sustainability. ...
2021| Franziska Bremus, Franziska Schütze, Aleksandar Zaklan
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DIW Weekly Report 10 / 2021
The European Commission is facing the challenge and opportunity of implementing the Green Deal while simultaneously initiating the recovery of the economy following the coronavirus crisis. Investments in the basic materials industry’s transition to climate neutrality play a central role in this, as the sector is responsible for 16 percent of the EU’s CO2 emissions and is key to downstream value chains. ...
2021| Karsten Neuhoff, Olga Chiappinelli, Mats Kröger, Frederik Lettow, Jörn Richstein, Franziska Schütze, Jan Stede, Xi Sun
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DIW Weekly Report 51 / 2020
By developing a taxonomy for sustainable investments, the EU Commission has created the first standardized criteria for climate-friendly economic activities.To achieve the goal of climate neutrality by 2050, firms and investors must be well informed of which investments avoid greenhouse gas emis- sions and can thus be categorized as sustainable. The present report investigates to what extent the EU ...
2020| Franziska Schütze, Jan Stede, Marc Blauert, Katharina Erdmann
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DIW aktuell ; 78 / 2022
Der aktuelle Beschluss des Kabinetts, die Heizkosten zu bezuschussen, wird nur einen Teil der aktuellen Preisentwicklung auf dem Gasmarkt abfedern können. Der außergewöhnliche Anstieg der Gaspreise stellt vor allem für einkommensschwache Haushalte, die in Wohnungen mit schlechter Wärmedämmung leben, eine finanzielle Herausforderung dar. Die einkommensschwächsten zehn Prozent der Haushalte gaben in ...
2022| Karsten Neuhoff, Maximilian Longmuir, Mats Kröger, Franziska Schütze
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Diskussionspapiere 2083 / 2024
A plethora of sustainable finance taxonomies are emerging worldwide to support shifting trillions for climate action. Employing a qualitative research approach, we use document analysis to assess 26 sustainable finance taxonomy frameworks worldwide that are in the developing phase or have been published and/or adopted. Based on literature and data we build a transition score (TS) to evaluate the framework’s ...
2024| Catherine Marchewitz, Fernanda Ballesteros, Franziska Schütze, Nesrine Hadj Arab
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Diskussionspapiere 2048 / 2023
Various stakeholders are increasingly encouraging companies from the real economy to adopt measures facilitating their transition towards carbon neutrality. In this context, companies are expected to implement forward-looking strategies and climate-related reporting practices using scenario analysis aligned with scientific evidence and credible pathways to net zero carbon emissions. This paper examines ...
2023| Fernanda Ballesteros, Franziska Schütze, Catherine Marchewitz, Alexandra Hüttel
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Diskussionspapiere 2010 / 2022
Natural gas prices in Germany saw a strong increase at the end of 2021, subsequently worsening with the start of the war in Ukraine in February 2022, raising concerns about the distributional consequences. Our study shows that low-income households are affected the most by the natural gas price increase. Low-income households pay at the median 11.70 percent of their equivalent income on gas bills, ...
2022| Mats Kröger, Maximilian Longmuir, Karsten Neuhoff, Franziska Schütze
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Diskussionspapiere 1938 / 2021
This papers analyzes the effect of the ECB’s Corporate Sector Purchase Programme (CSPP) and the recent Pandemic Emergency Purchase Programme (PEPP) on the yields of eligible green bonds, a new but rapidly growing segment of the corporate bond market. We exploit these policy changes using a difference-in-differences strategy, with ineligible corporate green bonds issued in euro, U.S. dollars and Swedish ...
2021| Franziska Bremus, Franziska Schütze, Aleksandar Zaklan