Topic Resource Markets

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Open Heat BE

The heat supply in the city of Berlin will have to be substantially reformed to reach the goal of climate neutrality by 2045 while it has to cope with high gas prices today. In the research project Open Heat BE, two open numerical models are combined to analyse the short term and long term challenges of heat supply in Berlin. At TU Berlin, the energy system model GENeSYS-MOD is used at municipal...

Policy Complementarity and the Paradox of Carbon Pricing

We present an economics framework appropriate to the exceptionally broad scope of the climate change problem. This considers that economic and social processes, particularly those involved in purposive transitions of energy technologies and systems, involve the interplay between three distinct domains of decision-making and associated actors. The first concerns small-scale and often short-term decision-making, ...

Have the Effects of Shocks to Oil Price Expectations Changed? Evidence from Heteroskedastic Proxy Vector Autoregressions

Studies of the crude oil market based on structural vector autoregressive (VAR) models typically assume a time-invariant model and transmission of shocks and possibly allow for heteroskedasticity by using robust inference procedures. We assume a heteroskedastic reduced-form VAR model with time-invariant slope coefficients and explicitly consider the possibility of time-varying shock transmission due ...

The Air Quality and Well-being Effects of Low Emission Zones

This study provides the first evidence of the subjective well-being impacts of low emission zones (LEZs) while also undertaking a comprehensive analysis of their air quality effects. We identify causal impacts by exploiting the zones’ introduction date with difference-in-differences designs robust to staggered implementations and time-varying treatment effects. Results show air quality improvements ...

Understanding the Impact of Education and Environmental Policy on Human Capital Formation

In dieser Dissertation werden verschiedene Möglichkeiten analysiert, wie politische Entscheidungsträger die Bildung von Humankapital und die Entstehung von Ungleichheiten in diesem Bereich beeinflussen können. Sie besteht aus vier in sich abgeschlossenen empirischen Forschungsarbeiten, die jeweils einen Beitrag zur bildungsökonomischen Analyse der Bildung von Humankapital leisten. Unter Berücksichtigung ...

Energy Transition Metals: Bottleneck for Net-Zero Emissions?

The energy transition requires substantial amounts of metals, including copper, nickel, cobalt, and lithium. Are these metals a bottleneck? We identify metal-specific demand shocks, estimate supply elasticities, and study the price impact of the transition in a structural scenario analysis. Prices of these four metals would reach previous historical peaks but for an unprecedented, sustained period ...

Geographical Balancing of Wind Power Decreases Storage Needs in a 100% Renewable European Power Sector

To reduce greenhouse gas emissions, many countries plan to massively expand wind power and solar photovoltaic capacities. These variable renewable energy sources require additional flexibility in the power sector. Both geographical balancing enabled by interconnection and electricity storage can provide such flexibility. In a 100% renewable energy scenario of twelve central European countries, we investigate ...

Green Premiums Are a Challenge and an Opportunity for Climate Policy Design: Comment

Adjusting green public support programmes to green premiums can reduce public spending, yet this is challenged by uncertainty. Underfunding green technologies can delay the green transition, and overfunding them can increase transition costs. Both risks of under- and overfunding can be reduced using responsive adjustments.

LNG Import Capacity Expansion in Germany: Short-term Relief Likely to Turn into Medium-term Stranded Assets