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DIW Discussion Papers 1850 / 2020
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
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DIW Discussion Papers 1848 / 2020
In this paper, we analyze the impact of transportation infrastructure quantity and quality on regional economic production. We exploit an extensive panel dataset on the German county level (N=401), expressing the capital value and condition of highways between 2007 and 2016, to estimate a spatially extended translog production function. The spatial specification uses SLX and SDEM models, with various ...
2020| Dennis Gaus, Heike Link
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DIW Discussion Papers 1837 / 2019
We compare prominent global energy scenarios of organisations and companies. We supplement the analysis with four own scenarios, which were derived from structured analytic techniques in combination with a numerical global energy and resource market model (Multimod). Our study provides three central contributions: (i) a compact survey of selected outlooks with meta characteristics (conceptual nature, ...
2019| Dawud Ansari, Franziska Holz, Hashem al-Kuhlani
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DIW Discussion Papers 1833 / 2019
This paper analyzes nuclear power plant investments using Monte Carlo simulations of economic indicators such as net present value (NPV) and levelized cost of electricity (LCOE). In times of liberalized electricity markets, largescale decarbonization and climate change considerations, this topic is gaining momentum and requires fundamental analysis of cost drivers. We adopt the private investors’ perspective ...
2019| Ben Wealer, Simon Bauer, Leonard Göke, Christian von Hirschhausen, Claudia Kemfert
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DIW Discussion Papers 1818 / 2019
Gegenwärtig sind die verschiedenen Energieträger in Deutschland unterschiedlich stark mit Abgaben und Umlagen belastet. Um die energie- und klimapolitischen Ziele der Bundesregierung zu erreichen, müssen fossile Heiz- und Kraftstoffe stärker bepreist werden (Kemfert et al. 2019; Dertinger und Schill 2019, SRU 2019). Zugleich herrscht in der energiepolitischen Debatte Uneinigkeit über die die Ausgestaltung ...
2019| Claudia Kemfert, Sophie Schmalz, Nicole Wägner
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DIW Discussion Papers 1812 / 2019
This paper analyzes the impact of urbanization on CO2 emissions within the STIRPAT framework over the period 1971 to 2014 for a panel of 76 countries clustered into income groups. Using dynamic panel estimations techniques, the empirical results robustly show an inverted N-shaped relationship between urbanization and CO2 emissions in the long-term associated with the ecological modernization theory ...
2019| Lars Sorge, Anne Neumann
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DIW Discussion Papers 1811 / 2019
This paper analyzes the nature of democratic development in a nation on the process of introducing nuclear power over the period 1960 - 2017 for an unbalanced panel of 171 countries. Given the involved political process of introducing nuclear power and its political importance, as well as the current tendency of about 30 countries to “go nuclear”, this question is both of historic and current interest. ...
2019| Lars Sorge, Anne Neumann, Christian von Hirschhausen, Ben Wealer
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DIW Discussion Papers 1807 / 2019
In this paper, we analyse the effects of a unilateral change in an emissions tax in a model of international trade with heterogeneous firms. We find a positive effect of tighter environmental policy on average productivity in the reforming country through reallocation of labour towards exporting firms. Domestic aggregate emissions fall, due to both a scale and a technique effect, but we show that the ...
2019| Udo Kreickemeier, Philipp M. Richter
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DIW Discussion Papers 1804 / 2019
With more than ten thousand casualties, the 2014 Ukrainian war between pro-Russian separatists and the government in the Donbass region, Ukraine's productive core, has taken a severe toll on the country. Using cross-country panel data over the period 1995-2017, this paper quantifies the short-term causal effects of the Donbass war on Ukraine's GDP. Results from the counterfactual estimation by the ...
2019| Julia Bluszcz, Marica Valente
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DIW Discussion Papers 1795 / 2019
We examine whether mandatory disclosure of greenhouse gas (GHG) emissions influences companies’ GHG emission levels. We identify the disclosure effect by exploiting a mandate requiring UK-incorporated listed companies to disclose information on GHG emissions in their annual reports. Using a difference-in-differences design, we show that disclosing GHG emissions in annual reports reduces emission levels ...
2019| Benedikt Downar, Jürgen Ernstberger, Hannes Rettenbacher, Sebastian Schwenen, Aleksandar Zaklan