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598 results, from 481
  • Diskussionspapiere 959 / 2009

    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. ...

    2009| Ruud Egging, Franziska Holz, Steven A. Gabriel
  • Diskussionspapiere 956 / 2009

    The Globalization of Steam Coal Markets and the Role of Logistics: An Empirical Analysis

    In this paper, we provide a comprehensive multivariate cointegration analysis of three parts of the steam coal value chain - export, transport and import prices. The analysis is based on a rich dataset of international coal prices; in particular, we combine data on steam coal prices with freight rates, covering the period December 2001 until August 2009 at weekly frequency. We then test whether the ...

    2009| Aleksandar Zaklan, Astrid Cullmann, Anne Neumann, Christian von Hirschhausen
  • Weekly Report 12 / 2009

    Baltic Sea Pipeline: The Profits Will Be Distributed Differently

    In late 2005, the German energy companies E.ON and Wintershall and Russian Gazprom reached an agreement to build a new huge pipeline Nord Stream through the Baltic Sea. This pipeline will provide Russia for the first time ever with the direct access to its Western European customers. This pipeline will contribute to the security of the Western Europe's energy supply through creating an alternative ...

    2009| Franz Hubert, Irina Suleymanova
  • Weekly Report 22 / 2009

    World Crude Oil Markets: OPEC's Supplier Power Remains Unchallenged

    In spite of the sharp decline of crude oil prices since the fall of 2008, the current price level of approximately $65 per barrel is significantly higher than the long-term average. The market power of the Organization of Petroleum Exporting Countries (OPEC), which is partially responsible for this price level, remains strong. While market prices for commodities such as coal are typically reflecting ...

    2009| Christian von Hirschhausen, Franziska Holz, Daniel Huppmann, Claudia Kemfert
  • Weekly Report 20 / 2009

    Global Demand for Environmental Goods and Services on the Rise: Good Growth Opportunities for German Suppliers

    According to conservative calculations, over $580 billion was spent worldwide on environmental goods and services and renewable energy technologies1 in 2004. So-called "green spending" is set for strong growth in the future on account of the long-term expansion of the global economy and mounting environmental challenges. Significant opportunities for growth and employment in Germany are also offered ...

    2009| Jürgen Blazejczak, Frauke G. Braun, Dietmar Edler
  • Weekly Report 23 / 2009

    CO2 Based Taxation on Cars Is Rising in Europe

    In recent years, CO2 emissions have become the leading basis of assessment for car taxes in most European countries. In July 2009, with a view to pursuing climate policy goals, also Germany began using this factor to assess taxation on cars. The DIW Berlin has carried out a systematic and quantitative comparison of car taxation in Europe.1 The results reveal high tax rates in over ten countries that ...

    2009| Dominika Kalinowska, Kerim Keser, Uwe Kunert
  • Weekly Report 18 / 2009

    The European Natural Gas Market: Imports to Rise Considerably

    Since the late 1990s, natural gas has been the second most important source of energy in the European Union after oil. Current forecasts predict that the demand for natural gas will continue to rise over the long term. As the production of natural gas in the EU has already passed its peak and will drop in coming years, natural gas imports will have to rise considerably. To ensure according supplies ...

    2009| Hella Engerer, Manfred Horn
  • Other refereed essays

    Infrastructure, Regulation, Investment and Security of Supply: A Case Study of the Restructured US Natural Gas Market

    In this paper, we discuss the relationship between infrastructure regulation and investment in light of the emerging "security of supply" debate. We approach the subjectby surveying the literature of the past two decades, especially examining the interactions among restructuring, regulation, and investment. The empirical section of this paper relies on case studies of the relationship between the regulatory ...

    In: Utilities Policy 16 (2008), 1, S. 1-10 | Christian von Hirschhausen
  • Diskussionspapiere 821 / 2008

    Theory of Storage: An Empirical Assessment of the European Natural Gas Market

    We analyze the relation between European natural gas storage facilities and price patterns at major trading points, considering the theory of storage to derive a testable hypothesis imposed by the non-arbitrage condition. To model the efficiency of the natural gas market, we apply two indirect tests absent the scarcity of European inventory data. We find that operators of storage facilities realize ...

    2008| Marcus Stronzik, Margarethe Rammerstorfer, Anne Neumann
  • Diskussionspapiere 822 / 2008

    Linking Natural Gas Markets: Is LNG Doing Its Job?

    The increase in liquefied natural gas trade has accelerated the integration of previously segmented markets in North America, Europe, and Asia. This paper provides evidence on the integration of the transatlantic natural gas market. We test the theoretical proposition that in integrating markets commodity prices should move closer than before. Using 2,059 pairs of daily spot prices for natural gas ...

    2008| Anne Neumann
598 results, from 481
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