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551 results, from 481
  • Diskussionspapiere 512 / 2005

    Convergence of Electricity Wholesale Prices in Europe? A Kalman Filter Approach

    This study tests the hypothesis that the ongoing restructuring process in the European electricity sector, as well as market participants' adaptation to the new legal framework, have caused electricity wholesale day-ahead prices to converge towards arbitrage freeness. Using hourly cross-border capacity auction results at the Dutch-German and at the Danish-German border for the years 2002 to 2004, and ...

    2005| Georg Zachmann
  • Diskussionspapiere 530 / 2005

    Impact Assessment of Emissions Stabilization Scenarios with and without Induced Technological Change

    The main aim of this paper is to investigate quantitatively the economic impacts of emissions stabilization scenarios with and without the inclusion of induced technological change (ITC). Improved technological innovations are triggered by increased R&D expenditures that advance energy efficiencies. Model results show that induced technological changes due to increased investment in R&D reduce compliance ...

    2005| Claudia Kemfert, Truong P. Truong
  • Diskussionspapiere 533 / 2005

    The Environmental and Economic Effects of European Emissions Trading

    In 2005, the EU introduced an emissions trading system in order to pursue its Kyoto obligations. This instrument gives emitters the flexibility to undertake reduction measures in the most cost-efficient way and mobilizes market forces for the protection of the earth's climate. In this paper, we analyse the effects of emissions trading in Europe, with some special reference to the case of Germany. We ...

    2005| Claudia Kemfert, Michael Kohlhaas, Truong P. Truong, Artem Protsenko
  • Externe referierte Aufsätze

    The Role of Technological Change for a Sustainable Development: Editorial

    Technological change has become a major focus in environmental policy as well as in energy and climate policy. Indeed, there is a growing body of knowledge about how and in which direction technological change might have an impact on environmental resource constraints and how environmental policy might have an impact on this direction. In this article we introduce the contributions to this special ...

    In: Ecological Economics 54 (2005), 2-3, S. 133-147 | Herman R. J. Vollebergh, Claudia Kemfert
  • Externe referierte Aufsätze

    International Market Integration for Natural Gas? A Cointegration Analysis of Prices in Europe, North America and Japan

    This paper investigates the degree of integration of natural gas markets in Europe, North America and Japan in the time period between the early 1990s and 2004. The relationship between international gas market prices and their relation to the oil price are explored through principal components analysis and Johansen likelihood-based cointegration procedure. Both of them show a high level of natural ...

    In: Energy Economics 27 (2005), 4, S. 603-615 | Boriss Siliverstovs, Guillaume L'Hégaret, Anne Neumann, Christian von Hirschhausen
  • Weekly Report 33 / 2005

    What Direction for Oil Prices?

    The price of crude oil goes up and up -most recently driven by hurricane Katrina, which had a catastrophic effect on the US oil industry, and was followed by hurricane Rita. In September 2005 the price of Brent crude reached a new record at US $ 66 per barrel. The agreement by member states of the International Energy Agency (IEA) to release crude oil and petroleum products from their strategic reserves ...

    2005| Claudia Kemfert, Manfred Horn
  • Externe Monographien

    Convergence of European Spot Market Prices for Natural Gas? A Real-Time Analysis of Market Integration Using the Kalman Filter

    Dresden: Technische Universität, 2005, 12 S.
    (Dresden Discussion Paper Series in Economics ; 05/05)
    | Anne Neumann, Boriss Siliverstovs
  • Vierteljahrshefte zur Wirtschaftsforschung 2 / 2005

    Analysis of Climate Damage Abatement Costs Using a Dynamic Economic Model

    Mit einer modifizierten Version des Multi-Actor Dynamic Integrated Assessment Model (MADIAM) werden die zukünftigen Kosten des Klimawandels und der Transformation des Energiesektors untersucht. Mittels einer Kosten-Nutzen-Analyse werden optimale Investitionsszenarien der Unternehmen berechnet. Im ökonomischen Kernmodell von MADIAM wird die Wirtschaft von der Profitmaximierung der Unternehmen angetrieben, ...

    2005| Volker Barth, Klaus Hasselmann
  • Vierteljahrshefte zur Wirtschaftsforschung 2 / 2005

    The Role of Financial Services in Climate Adaption in Developing Countries

    Der Finanz- und Versicherungssektor (im folgenden Finanzsektor genannt) kann Klimarisiken mindern und damit eine zentrale Rolle bei der Anpassung an den Klimawandel spielen. Allerdings ist der Finanzsektor gerade in den Entwicklungsländern mit besonders hohen Klimarisiken und hoher Klimavulnerabilität kaum präsent, wofür insbesondere das Fehlen von Geschäftsmöglichkeiten verantwortlich gemacht wird. ...

    2005| Holger Hoff, Koko Warner, Laurens M. Bouwer
  • Vierteljahrshefte zur Wirtschaftsforschung 2 / 2005

    Trade Policy to Control Climate Change: Does the Stick Beat the Carrot?

    Internationaler Handel und Klimapolitik sind eng miteinander verknüpft. Mithilfe eines allgemeinen Gleichgewichtsmodells untersuchen wir, welche Rolle Handelseinschränkungen sowie Transfers von energieeffizienten technischen Innovationen für die Stabilisierung der Klimapolitik unter dem Kyoto-Protokoll spielen können. Handelseinschränkungen führen zu einer Verschlechterung der Handelsbilanz für die ...

    2005| Susanne Dröge, Claudia Kemfert
551 results, from 481