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Weekly Report 18 / 2009
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
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Weekly Report 22 / 2009
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
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Weekly Report 20 / 2009
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
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Weekly Report 23 / 2009
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
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Weekly Report 12 / 2009
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
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Refereed essays Web of Science
The objective of our paper is to analyze the prospects for LNG development in the US. In particular, we discuss LNG investment projects with respect to natural gas supply and demand, existing transmission infrastructure, and competing pipeline projects. At the same time potential competition between natural gas and coal in power generation is taken into account. We conclude that in the mid-term, LNG ...
In:
Energy Policy
36 (2008), 8, S. 3160-3168
| Sophia Rüster, Anne Neumann
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Other refereed articles
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
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DIW Discussion Papers 821 / 2008
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
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DIW Discussion Papers 820 / 2008
In a carbon constrained world, at least four classes of greenhouse gas mitigation options are available: Energy efficiency, fuel switching, introduction of carbon dioxide capture and storage along with renewable generating technologies, and reductions in emissions of non-CO2 greenhouse gases. The role of energy technologies is considered crucial in climate change mitigation. In particular, carbon capture ...
2008| Barbara Praetorius, Katja Schumacher
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DIW Discussion Papers 822 / 2008
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