Topic Resource Markets

Europe's Twenties: A Study Using the WIATEC Model

In this paper, we use a computable general equilibrium model (WIATEC) to study the potential impact of implementing Europe's 20-20-20 climate policy. The results show that the economic costs of implementing the policy are only moderate and within the range of recent empirical evidence. Furthermore, they also indicate that there is a possibility that the existing allocations to the Europena sectors ...

Mitigation of Methane Emissions: A Rapid and Cost-Effective Response to Climate Change

Methane is a major anthropogenic greenhouse gas, second only to carbon dioxide (CO2) in its impact on climate change. Methane (CH4) has a high global warming potential that is 25 times as large as the one of CO2 on a 100 year time horizon according to the latest IPCC report. Thus, CH4 contributes significantly to anthropogenic radiative forcing, although it has a relatively short atmospheric perturbation ...

The World Gas Market in 2030: Development Scenarios Using the World Gas Model

In this paper, we discuss potential developments of the world natural gas industry at the horizon of 2030. We use the World Gas Model (WGM), a dynamic, strategic representation of world natural gas production, trade, and consumption between 2005 and 2030. We specify a "base case" which defines the business-as-usual assumptions based on forecasts of the world energy markets. We then analyze the sensitivity ...

Modeling the European Natural Gas Market: Static and Dynamic Perspectives of an Oligopolistic Market ; Dissertation

Understanding the Roles and Interactions of International Cooperation on Domestic Climate Policies: Editorial

Introduction: The United Nations Framework Convention on Climate Change defines the principle of common but differentiated responsibility (Art. 4.1 of UNFCCC). It is the common responsibility of all countries to pursue mitigation actions so as to achieve climate stabilization. The differentiated nature of historic responsibility, capabilities and economic situation creates a responsibility for developed ...

Policy Targets: Lessons for Effective Implementation of Climate Actions

Policy targets are used to improve the implementation of domestic and international actions, in a national context and in international frameworks. But how can domestic and international experience be useful for climate policy? Case studies point to the value of defining policy targets more broadly than final outcomes, which in the case of climate policy are CO2 emission reductions. There is a need ...

A History of Conditionality: Lessons for International Cooperation on Climate Policy

This article surveys the experience of conditionality provisions applied by the World Bank, the IMF, bilateral donors, and the European Union's accession process. Ownership is essential for effective cooperation and requires domestic climate policies to be country-driven and decision-making to be equitable. Bilateral cooperation allows for a direct exchange of expertise and long-term relationships. ...

Overcoming Data Limitations in Nonparametric Benchmarking: Applying PCA-DEA to Natural Gas Transmission

This paper provides an empirical demonstration for a practical approach of efficiency evaluation against the background of limited data availability in some regulated industries. Here, traditional DEA may result in a lack of discriminatory power when high numbers of variables but only limited observations are available. We apply PCA-DEA for radial efficiency measurement to US natural gas transmission ...

Renewable Energy in Europe: Strong Political Will Required for Ambitious Goals

A number of substantive goals and mechanisms for implementing an integrated climate and energy policy have been ratified over the last two years at the European level. By 2020, greenhouse gas emissions in Europe are to be reduced by at least 20 percent; energy efficiency improved by 20 percent; and the share of energy from renewable sources increased to 20 percent. According to a recent European Council ...

The World Gas Model: A Multi-Period Mixed Complementarity Model for the Global Natural Gas Market

We provide the description and illustrative results of the World Gas Model, a multi-period complementarity model for the global natural gas market. Market players include producers, traders, pipeline and storage operators, LNG liquefiers and regasifiers as well as marketers. The model data set contains more than 80 countries and regions and covers 98% of world wide natural gas production and consumption. ...