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Refereed essays Web of Science
We review the state of knowledge concerning international CO2 emission transfers associated particularly with trade in energy-intensive goods and concerns about carbon leakage arising from climate policies. The historical increase in aggregate emission transfers from developing to developed countries peaked around 2006 and declined since. Studies find no evidence that climate policies lead to carbon ...
In:
Annual Review of Environment and Resources
47 (2022), S. 753-795
| Michael Grubb, Nino David Jordan, Edgar Hertwich, Karsten Neuhoff, Kasturi Das, Kaushik Ranjan Bandyopadhyay, Harro van Asselt, Misato Sato, Ranran Wang, William A. Pizer, Hyungna Oh
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Refereed essays Web of Science
Cost of renewable energies have dropped, approaching wholesale power price levels. As a result, the role of renewable energy policy design is shifting – from covering incremental costs towards facilitating risk-hedging. An analytical model of the financing structure of renewable investment projects is developed to assess this effect und used to compare different policy design choices: contracts for ...
In:
Resource and Energy Economics
70 (2022), 101330, 15 S.
| Karsten Neuhoff, Nils May, Jörn C. Richstein
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Refereed essays Web of Science
The transition to low-carbon economies requires massive investments into renewable energies, which are commonly supported through regulatory frameworks. Yet, governments can have incentives – and the ability – to deviate from previously announced support policies once those investments have been made, which can deter investments. We analyze a renewable energy dynamic regulation game and derive under ...
In:
Energy Economics
112 (2022), 106102, 16 S.
| Nils May, Olga Chiappinelli
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Refereed essays Web of Science
This paper explores climate-friendly projects that could be part of the COVID-19 recovery while jump-starting the transition of the European basic materials industry. Findings from a literature review on technology options in advanced development stages for climate-friendly production, enhanced sorting, and recycling of steel, cement, aluminium, and plastics, are combined with insights from interviews ...
In:
Climate Policy
21 (2021), 10, S. 1328-1346
| Olga Chiappinelli, Timo Gerres, Karsten Neuhoff, Frederik Lettow, Heleen de Coninck, Balázs Felsmann, Eugénie Joltreau, Gauri Khandekar, Pedro Linares, Jörn Richstein, Aleksander Śniegocki, Jan Stede, Tomas Wyns, Cornelis Zandt, Lars Zetterberg
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Refereed essays Web of Science
We study how budget constraints affect effort provision in sequential elimination tournaments. Our main result is that the introduction of budget constraints has two opposing effects on the initial effort of the unconstrained contestants, and leads to a non-monotonicity of this effort. This implies that if the budget asymmetry is not too large, total first-stage effort from unconstrained contestants ...
In:
The Scandinavian Journal of Economics
123 (2021), 4, S. 1059-1087
| Malin Arve, Olga Chiappinelli
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Refereed essays Web of Science
Power systems with increasing shares of wind and solar power generation have higher capital costs and lower operational costs than power systems based on fossil fuels. This increases the importance of the financing costs for total system cost. We quantify how renewable energy support policies can affect the financing costs by addressing regulatory risk and facilitating hedging. We use interview data ...
In:
The Energy Journal
42 (2021), 4, S. 131-151
| Nils May, Karsten Neuhoff
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Refereed essays Web of Science
By setting near-zero-emission requirements for the production of certain products to be sold on the European single market (product carbon requirements, PCRs), the European Union could accelerate the phase-out of carbon-intensive production processes.The announcement of such requirements would send a signal to producers,financing institutions and other relevant stakeholders, thus incentivizing them ...
In:
Review of European, Comparative & International Environmental Law
30 (2021), 2, S. 249-262
| Timo Gerres, Manuel Haussner, Karsten Neuhoff, Alice Pirlot
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Refereed essays Web of Science
Different options for a reform of the EU Emissions Trading System are discussed to ensure carbon price incentives for mitigation options in the basic materials sector, while minimizing carbon leakage risks. This paper quantifies carbon leakage risks, distributional implications, and additional revenues associated with an import-only border carbon adjustment (BCA), a symmetric (import and export) BCA, ...
In:
Ecological Economics
189 (2021), 107168, 15 S.
| Jan Stede, Stefan Pauliuk, Gilang Hardadi, Karsten Neuhoff
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Refereed essays Web of Science
While the economic voting hypothesis is a well-researched approach to explain behavior at the ballot box, a broader perspective of economic, social and environmental issues regarding a government’s chances to get re-elected is still missing in the literature. In this context, this paper makes use for the first time of the Agenda 2030 with its 17 Sustainable Development Goals (SDGs) as the comprehensive ...
In:
Sustainability
12 (2020), 16, 6445, 14 S.
| Christian Kroll, Vera Zipperer
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Refereed essays Web of Science
One of the main challenges faced by climate policy makers today is to design and implement policies capable of transferring climate policy goals into sectoral actions towards transformational pathways. Hence, climate policies need to be of cross-cutting character, lead to coherence with sectoral goals and reconcile diverging sectoral interests. Against this background, Mexico has undertaken significant ...
In:
Climate Policy
20 (2020), 7, S. 832-845
| Heiner von Lüpke, Mareike Well