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Other refereed essays
This paper presents a comprehensive analysis of the suitability of nuclear power as an option to combat the escalating climate emergency. Summarizing and evaluating key arguments, we elucidate why nuclear power is unsuitable for addressing climate change. The primary argument centers around the unresolved technical and human risks of accidents and proliferation, which are unlikely to be e????ectively ...
In:
Frontiers in Environmental Economics
3 (2024), 1242818, 10 S.
| Fabian Präger, Christian Breyer, Hans-Josef Fell, Christian von Hirschhausen, Claudia Kemfert, Björn Steigerwald, Thure Traber, Ben Wealer
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Externe Monographien
Für Länder auf der ganzen Welt stellt der Übergang zur Klimaneutralität eine Chance für Wirtschaftswachstum und Wohlstand dar. Gleichzeitig haben die Transformation der Wirtschaft und die mit ihr einhergehenden Staatsausgaben wichtige verteilungspolitische Implikationen. Die politischen Debatten um Energie- und Klimapolitik zeigen, wie wichtig es ist, diese verteilungspolitischen Implikationen zu verstehen, ...
Berlin:
TU Berlin,
2024,
XV, 132 S.
| Mats Kröger
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Externe Monographien
Policies that affect the cost of using fossil fuels in production have a complex impact on the economy. In this paper, we focus on the role of these policies for the pattern of comparative advantage through their effect on production costs in manufacturing industries. Using data on carbon prices and fossil fuel subsidies, we show that less stringent carbon pricing policies increase comparative advantage ...
Geneva:
WTO,
2024,
48 S.
(Staff Working Paper ; Research ERSD-2024-08)
| Antonia Kurz, Stela Rubínová
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Refereed essays Web of Science
Understanding how consumers respond to turbulent market conditions is crucial for planning security of natural gas supply. This paper estimates the price elasticity of demand of small consumers in Germany in the period with both high price fluctuations and a fear of natural gas shortage in the aftermath of the Russian invasion of Ukraine. Using granular data between 2018 and 2023, we estimate an Auto ...
In:
Energy Efficiency
17 (2024), 98, 22 S.
| David Jamissen, Johanne Vatne, Franziska Holz, Anne Neumann
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Diskussionspapiere 2089 / 2024
This paper first shows that, contrary to conventional wisdom, the European Central Bank (ECB) can influence global energy prices. Second, through Lucas critique-robust counterfactual analysis, we uncover that the ECB’s ability to affect fast-moving energy prices plays an important role in the transmission of monetary policy. Third, we empirically document that, to optimally fulfill its primary mandate, ...
2024| Gökhan Ider, Alexander Kriwoluzky, Frederik Kurcz, Ben Schumann
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DIW Weekly Report 21 / 2024
As a result of the Russian attack on Ukraine, natural gas prices skyrocketed in 2022 and Germany in particular felt the impact of its strong dependency on Russia. Prices have since relaxed, the European natural gas industry has overcome the uncertainty due to the energy crisis in 2022, and the industry also survived the slump in Russian natural gas imports without supply interruptions. However, Russia ...
2024| Franziska Holz, Lukas Barner, Claudia Kemfert, Christian von Hirschhausen
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Diskussionspapiere 2086 / 2024
This paper analyses the pass-through rates and their determinants of the temporary German fuel discount in 2022 at its start and its termination. Based on a unique dataset of fuel station characteristics and prices, we employ a Regression Discontinuity in Time (RDiT) methodology to estimate heterogeneous pass-through rates. Our main contribution is to identify the impact of horizontal and vertical ...
2024| Frederik von Waldow, Heike Link
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Refereed essays Web of Science
Africa is one of the most vulnerable continents to climate change. Climate and sustainability-linked bonds can provide funding to African governments and corporations for projects that help to mitigate climate change, combat biodiversity loss, and foster sustainable development. However, less than 0.3% of the global environmental, social, governance (ESG) bond issuance volume is devoted to projects ...
In:
Eurasian Economic Review
14 (2024), S. 149–173
| Samuel Mutarindwa, Dorothea Schäfer, Andreas Stephan
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DIW Weekly Report 40/41/42 / 2024
Following the end of the coronavirus pandemic, the European Central Bank (ECB) was confronted with an unprecedented increase in energy prices. This led to consumer price inflation in the euro area far beyond the ECB’s inflation target of two percent, at times up to 10 percent. At the same time, the euro area economy was threatened by a recession, which resulted in the ECB facing conflicting objectives ...
2024| Gökhan Ider, Alexander Kriwoluzky, Frederik Kurcz, Ben Schumann
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Refereed essays Web of Science
A recent discussion paper Sufficiency as a “Strategy of the Enough”: A Necessary Debate by the German Advisory Council on the Environment (SRU) aims to intensify the debate on sufficiency, a central but neglected element of future-oriented policy. It defines sufficiency as the need to limit the consumption and production of ecologically critical goods and services, mainly by the economically rich, ...
In:
Gaia
33 (2024), 3, S. 275 – 281
| Julia Michaelis, Bendix Vogel, Sebastian Strunz, Wolfgang Lucht, Henriette Dahms, Christina Dornack, Anne Geissler, Julia Hertin, Franziska Hoffart, Claudia Kemfert, Manuel Klein, Wolfgang Köck, Jonas Lage, Elisabeth Marquard, Sophie Schmalz, Josef Settele, Bernd Sommer, Sebastian Weiss, Sophie Wiegand