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Climate Policy Department Publications

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437 results, from 181
  • Diskussionspapiere 1773 / 2018

    Are Emission Performance Standards Effective in Pollution Control? Evidence from the EU's Large Combustion Plant Directive

    This paper explores the extent to which emissions limits on stack concentrations under the Large Combustion Plant (LCP) Directive succeeded in mitigating local air pollutants from thermal power stations in the European Union. We take advantage of the discontinuities in regulation status to show that the emission performance standards led to sizeable declines in concentrations of SO2 , NOx, and particulate ...

    2018| Puja Singhal
  • Diskussionspapiere 1766 / 2018

    Modeling Coordination between Renewables and Grid: Policies to Mitigate Distribution Grid Constraints Using Residential PV-Battery Systems

    Distributed photo-voltaic (PV) generation is one of the pillars of energy transitions around the world, but its deployment in the distribution grid requires costly reinforcements and expansions. Prosumage - consisting of a household-level PV unit coupled with a battery storage system - has been proposed as an effective means to facilitate the integration of renewable energy sources and reduce distribution ...

    2018| Paul Neetzow, Roman Mendelevitch, Sauleh Siddiqui
  • Diskussionspapiere 1765 / 2018

    An Auction Story: How Simple Bids Struggle with Uncertainty

    Short-term electricity markets are key to an efficient production by generation units. We develop a two-period model to assess different bidding formats to determine for each bidding format the optimal bidding strategy of competitive generators facing price-uncertainty. We compare the results for simple bidding, block bidding and multi-part bidding and find that even under optimal simple and block ...

    2018| Jörn C. Richstein, Casimir Lorenz, Karsten Neuhoff
  • Diskussionspapiere 1746 / 2018

    Renewable Energy Policy in the Age of Falling Technology Costs

    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 ...

    2018| Karsten Neuhoff, Nils May, Jörn C. Richstein
  • Diskussionspapiere 1726 / 2018

    Too Good to Be True? How Time-Inconsistent Renewable Energy Policies Can Deter Investments

    The transition towards 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 once those investments have been made, which can deter investments. We analyze a renewable energy regulation game, apply a model of time-inconsistency ...

    2018| Nils May, Olga Chiappinelli
  • Diskussionspapiere 1714 / 2017

    Project-Based Carbon Contracts: A Way to Finance Innovative Low-Carbon Investments

    Low and uncertain carbon prices are often stated as a major obstacle for industrial sector investments in technologies to deliver deep emissions reductions. Project-based carbon contracts underwritten by national governments could addressregulatory risk, lower financing costs and strengthen incentives for emission reductions at investment and operation stage. In this paper design options for project-based ...

    2017| Jörn Richstein
  • Diskussionspapiere 1712 / 2017

    Benchmarks for Emissions Trading – General Principles for Emissions Scope

    Greenhouse gas emission benchmarks are widely implemented as a policy tool, as more countries move to implement carbon pricing mechanisms for industrial emissions. In particular, benchmarks are used to determine the level of free allowance allocation in emission trading schemes, which are distributed as a measure to prevent carbon leakage. This paper analyses how benchmark designs impact firms’ production ...

    2017| Vera Zipperer, Misato Sato, Karsten Neuhoff
  • Diskussionspapiere 1710 / 2017

    Time-Consistent Carbon Pricing

    In this paper we show that carbon pricing is subject to time-inconsistency and we investigate solutions to improve on the problem and restore the incentive for the private sector to invest in low-carbon innovation. We show that a superior price- investment equilibrium can be sustained in the long-term, if the policy-maker is enough forward looking and allowed to build reputation. In the short-term, ...

    2017| Olga Chiappinelli, Karsten Neuhoff
  • Diskussionspapiere 1704 / 2017

    Decentralization and Public Procurement Performance: New Evidence from Italy

    We exploit a new dataset based on EU procurement award notices to investigate the relationship between the degree of centralization of public procurement and its performance. We focus on the case of Italy, where all levels of government, along with a number of other public institutions, are involved in procurement and are subject to the same EU regulation. We find that i) municipalities and utilities, ...

    2017| Olga Chiappinelli
  • Diskussionspapiere 1699 / 2017

    The Nexus of CO2 Emissions, Energy Consumption, Economic Growth, and Trade-Openness in WTO Countries

    This paper analyzes the dynamic relationship between CO2 emissions, energy consumption, GDP, and trade-openness from 1971 to 2013, based on the Environmental Kuznets Curve (EKC) hypothesis for 70 WTO countries. Using recently developed secondgeneration panel data methods, the empirical results support the EKC hypothesis for the high-, middle-, and lower-income panels used. Concerning the energy consumption ...

    2017| Lars Sorge, Anne Neumann
437 results, from 181
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