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 ...
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 ...
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 ...
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 ...
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 ...
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. ...
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 ...
Als Antwort auf den drohenden Klimawandel wird derzeit eine Strategie des Klimaschutzes verfolgt, die die Reduktion des CO2-Ausstoßes zum Ziel hat. Dabei wird die zusätzliche Option der Anpassung an den Klimawandel weitgehend vernachlässigt. Die Erfolge des globalen Klimaschutzes sind jedoch bisher bescheiden. Ob das Kyoto-Protokoll langfristig zu einer Verlangsamung des Klimawandels beitragen kann, ...