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71 results, from 31
  • Vierteljahrshefte zur Wirtschaftsforschung 3 / 2019

    Green Finance: Case Studies: Editorial

    2019| Claudia Kemfert, Dorothea Schäfer, Willi Semmler, Aleksandar Zaklan
  • Vierteljahrshefte zur Wirtschaftsforschung 2 / 2019

    Linking Cap-and-Trade Systems and Green Finance

    Die Verknüpfung von zwei oder mehr Cap-and-Trade-Systemen – „Linking“ – verspricht Kostenvorteile und signalisiert ein starkes Engagement für die gemeinsame Klimapolitik. Linking wird auch als eine mögliche Option angesehen, um von vereinzelten regionalen Initiativen zu einer globalen klimapolitischen Architektur zu konvergieren. Darüber hinaus kann Linking genutzt werden, um Investitionen in klimafreundliche ...

    2019| Katharina Erdmann, Aleksandar Zaklan, Claudia Kemfert
  • Vierteljahrshefte zur Wirtschaftsforschung 2 / 2019

    Green Finance: The Macro Perspective: Editorial

    2019| Claudia Kemfert, Dorothea Schäfer, Willi Semmler, Aleksandar Zaklan
  • Diskussionspapiere 2032 / 2023

    Effectiveness and Heterogeneous Effects of Purchase Grants for Electric Vehicles

    We evaluate German purchase subsidies for battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) using data on new vehicle registrations in Germany during 2015-2022. We account for confounding time trends and interacting EU-level CO2 standards using neighboring countries as a control group. The program was cost-ineffective, as only 40% of BEV and 25% of PHEV registrations were ...

    2023| Peter Haan, Adrián Santonja, Aleksandar Zaklan
  • Diskussionspapiere 1947 / 2021

    Effectiveness, Spillovers, and Well-Being Effects of Driving Restriction Policies

    We study the effectiveness, spillovers, and well-being effects of low emission zones in Germany, an emission-intensity-based driving restriction rapidly growing in popularity. Using regression discontinuity and group-time difference-in-differences designs, we show that previous estimates of the policy’s impact on traffic-related air pollution significantly underestimate its effectiveness. We provide ...

    2021| Luis Sarmiento, Nicole Wägner, Aleksandar Zaklan
  • Diskussionspapiere 1938 / 2021

    The Impact of ECB Corporate Sector Purchases on European Green Bonds

    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
  • Diskussionspapiere 1925 / 2021

    Coase and Cap-and-Trade: Evidence on the Independence Property from the European Carbon Market

    This paper tests the independence property under the Coase Theorem in a large multinational cap-and-trade scheme for greenhouse gas emissions, the EU Emissions Trading System (EU ETS). I analyze whether emissions of power producers regulated under the EU ETS are independent from allowance allocations, leveraging a change in allocation policy for a difference-in-differences strategy. The evidence suggests ...

    2021| Aleksandar Zaklan
  • Diskussionspapiere 1877 / 2020

    Make Sure the Kids are OK: Indirect Effects of Ground-Level Ozone on Well-Being

    This paper uses a panel of German individuals and highly granular pollution data to test if air pollution affects adults’ well-being indirectly through the health of their children. Results show that ozone decreases the well-being of individuals with children while not affecting persons without kids. We confirm the same effect for fine particulate matter and sulfur dioxide. Concerning the mechanism, ...

    2020| Julia Rechlitz, Luis Sarmiento, Aleksandar Zaklan
  • Diskussionspapiere 1875 / 2020

    The Impact of Carbon Disclosure Mandates on Emissions and Financial Operating Performance

    We examine whether a disclosure mandate for greenhouse gas emissions creates stakeholder pressure for firms to subsequently reduce their emissions. For UK-incorporated listed firms such a mandate was adopted in 2013. Using a difference-in-differences design, we find that firms affected by the mandate reduced their emissions – depending on the specification – by an incremental 14-18% relative to a control ...

    2020| Benedikt Downar, Jürgen Ernstberger, Stefan Reichelstein, Sebastian Schwenen, Aleksandar Zaklan
  • Diskussionspapiere 1850 / 2020

    Coase and Cap-and-Trade: Evidence on the Independence Property from the European Electricity Sector

    This paper provides an empirical test of the Coase Theorem. I analyze whether emissions are independent from allowance allocations in the electricity sector regulated under the EU's Emissions Trading System (EU ETS). Exogenous variation in levels of free allocation for power producing installations enables a difference-in-differences strategy. The analysis reveals that a change in al- location levels ...

    2020| Aleksandar Zaklan
71 results, from 31
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