We analyze the gross welfare gains from real-time retail pricing in electricity markets where carbon taxation induces investment in variable renewable technologies. Applying a stylized numerical electricity market model, we find a U-shaped ...
German hard coal production ended in 2018, following the termination of subsidies. This paper looks at 60 years of continuous decline of an industry that employed more than 600,000 people, through a case study comparing Germany’s two largest hard ...
For many years now, nitrate concentrations have exceeded the trigger value of 50 milligrams per liter at nearly one-fifth of the groundwater sampling sites in Germany. Apart from impairing the ecosystem by, for example, causing eutrophication of ...
This paper provides an empirical test of the Coase Theorem. I analyze whether emissions are independent from allowance allocations in the electricity sector as regulated under the EU's Emissions Trading System (EU ETS). Exogenous variation in levels
Growing prosperity among its population and an inherent increasing demand for energy complicate China’s target of combating climate change, while maintaining its economic growth. This paper, therefore, describes three potential decarbonization ...
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 ...Li
According to the 2015 Paris Agreement, a long-term goal is the commitment to “making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.” Reconciling climate change objectives and financial
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 ..
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