The aim of this policy session is to discuss whether or not the EU ETS needs to be complemented by other sector specific policies for the decarbonization of the industrial sector that go beyond recent reforms. Together with our panelists we would also like to reflect the recent developments in the policy debate on the implications of the COVID-19 crisis and the recovery strategy for the topic. The...
Already after the financial crisis in 2008/2009 there was a debate on whether elements aiming at sustainable development can be part of the stimulus packages and support the recovery of the economy. Despite the instinct of policy makers to prioritise battle-tested policies during a crisis, significant levels and different types of climate-friendly components were integrated in the 2009 stimulus...
Co-organized by the Sustainable Finance Research Platform (SFRP) and Berlin Seminar on Energy and Climate Policy (BSEC) Sustainable Finance is not only a key element of the climate policy agenda. In times of crisis, like the one we are currently experiencing, sustainable finance can also make substantial contributions to making our financial system more resilient, more sustainable and more...
Most policy instruments to reduce greenhouse gas (GHG) emissions have focused on producers, and on the energy efficiency of buildings, vehicles and other products. Behavioural changes related to climate change also impact ‘in-use’ emissions, and potentially, emissions both ‘upstream’ (including from imported goods) and ‘downstream’ (eg disposal). Consumption-oriented policies may provide avenues to ...
Already after the financial crisis in 2008/2009 there was a debate on whether elements aiming at sustainable development can be part of the stimulus packages and support the recovery of the economy. Despite the instinct of policy makers to prioritise battle-tested policies during a crisis, significant levels and different types of climate-friendly components were integrated in the 2009 stimulus packages ...
By the end of 2020, the European Central Bank (ECB) will present the results of its monetary policy strategy review. What changes are to be expected and what changes are needed? This report covers two areas of the strategy review. First, alternatives to the current definition of price stability are discussed. Current studies and the practices of other central banks indicate that supplementing the ...
Climate-related asset stranding refers to the depreciation of assets – such as resource reserves, infrastructure, or industries – resulting from the unanticipated changes, such as the tightening of climate policies. Although developing countries – especially fossil-fuel exporters – may be most concerned by this issue, its analysis in development (economics) has so far been limited.We aim at enhancing ...
As part of its Green Deal, the European Commission is considering the introduction of border carbon adjustments and alternative measures. The measures, which would primarily apply to basic materials like steel and cement, pursue a double objective: they are aimed at enhancing the effectiveness of carbon pricing for the transition to climate neutrality but also at avoiding carbon leakage risks. When ...
Wir leiten ein mit dem Pariser Übereinkommen kompatibles EU-ETS-Budget auf Basis von Kosteneffizienzkriterien her mit dem Ziel, die globale Erwärmung mit einer Wahrscheinlichkeit von 50 bis 66% auf 1,5 Grad Celsius zu begrenzen und übersetzen es in einen Pfad der Cap-Reduktion. Unsere Berechnungen ergeben ein Budget von ca. 30 Gt CO2e für das EU ETS für 2016-2050. Unter aktuellen ETS-Parametern werden ...
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