-
Externe referierte Aufsätze
Understanding the distributional impacts of market-based climate policies is crucial to design economically efficient climate change mitigation policies that are socially acceptable and avoid adverse impacts on the poor. Empirical studies that examine the distributional impacts of carbon pricing and fossil fuel subsidy reforms in different countries arrive at ambiguous results. To systematically determine ...
In:
Environmental & Resource Economics
78 (2021), 1, S. 1-42
| Nils Ohlendorff, Michael Jakob, Jan Christoph Minx, Carsten Schröder, Jan Christoph Steckel
-
Externe referierte Aufsätze
The Paris Agreement calls on countries to pursue efforts to limit global average temperature rise to 1.5°C. We derive a 2016–2050 emission budget for the EU Emissions Trading System (EU ETS) based on cost-effectiveness criteria aimed at achieving the 1.5°C target with a 50%–66% probability, and translate it into a cap reduction path. We show that, under current ETS parameters, the vast majority of ...
In:
Climate Policy
21 (2021), 6, S. 778–791
| Aleksandar Zaklan, Jakob Wachsmuth, Vicki Duscha
-
Diskussionspapiere 1925 / 2021
This paper tests the independence property under the Coase Theorem in a large multinational cap-and-trade scheme for greenhouse gas emissions, the EU Emissions Trading System (EU ETS). I analyze whether emissions of power producers regulated under the EU ETS are independent from allowance allocations, leveraging a change in allocation policy for a difference-in-differences strategy. The evidence suggests ...
2021| Aleksandar Zaklan
-
Report
Last year, the Climate Friendly Materials Platform proposed an innovative policy framework to support the decarbonisation of the basic materials sector in the EU. A new policy brief from the platform focuses on one major component of this package: introducing the climate contribution to compliment the free allocation in the EU Emissions Trading System. The brief clarifies the concept and explains why ...
18.12.2020| Olga Chiappinelli
-
Berlin Seminar
With the Green Deal, the EU aims not only at climate neutrality by 2050, but also to stimulate economic recovery in light of the pandemic. The European Commission is currently revisiting its climate policy instruments in order to strengthen the economics of climate friendly activities and investments. A central part of the debate is the European Emission Trading System and a proposed Carbon Border...
25.11.2020| David G Victor, Arunabha Ghosh, Danny Cullenward, Ingrid Nestle
-
Video
The European Fund for Strategic Investments (EFSI) – the financial pillar of the Investment Plan for Europe – has been one of the good news stories to emerge in a decade of economic uncertainty. Launched by the Juncker Commission and the EIB Group in 2014, it has gone well beyond its target of €500 billion in mobilised investments. In the meantime, the Covid-19 pandemic has led to the biggest...
19.11.2020| Veranstaltungsrückblick
-
Event
The European Fund for Strategic Investments (EFSI) – the financial pillar of the Investment Plan for Europe – has been one of the good news stories to emerge in a decade of economic uncertainty. Launched by the Juncker Commission and the EIB Group in 2014, it has gone well beyond its target of €500 billion in mobilised investments. In the meantime, the Covid-19 pandemic has led to...
19.11.2020| Valdis Dombrovskis, Werner Hoyer, Mariana Mazzucato, Marcel Fratzscher
-
Report
Clear policy strategies are essential to guide corporate decision making and effective policy to achieve decarbonisation of European industry. This brief provides a much-needed overview of the current policy landscape in five EU Member States (Germany, Hungary, the Netherlands, Poland, Spain) by investigating how the path to climate-neutral industrial production is reflected in their key national plans. ...
12.11.2020| Olga Chiappinelli
-
Report
Carbon Contracts for Differences (CCFD) are one of the elements of the policy package developed by the Climate Friendly Materials Platform (CFMP) in order to help decarbonise European’s industry while preserving its competitiveness. CCfDs are a powerful tool for helping European industry transformation during the first stages of the transition period towards a low emission economy, and the current ...
12.11.2020| Olga Chiappinelli
-
Workshop
The phase-out of fossil fuels, and a growing use of variable renewable energy sources, increase the flexibility needs of the power sector. In this context, different energy storage technologies become more relevant. Yet the role and use of electricity storage depends on many factors, for example technology costs and availabilities, as well as the level and flexibility of sector coupling strategies...
09.10.2020| Sebastian Osorio, Mario Kendziorski, Leonard Göke, Wolf-Peter Schill, Carlos David Gaete Morales, Martin Kittel