The effectiveness of an emissions trading system in terms of reducing greenhouse gas emissions is mainly due to the magnitude of the specified emission cap. Assuming sufficient control, a quantitative emission target defined in such a way is quasi automatically achieved by the limited allocation of emission allowances. In functioning markets, this coincides with a somewhat higher allowance price as ...
The project investigates the relation between fossil resource markets and climate change. We focus on the resources coal, oil, and natural gas. The issues at heart of this project are climate policies and their effect on supply and demand in energy resource markets, in particular inter-temporal and interregional carbon leakage. This requires in a first step the analysis of the resource markets and...
This project analyzes the impact of climate shocks on the livelihoods and welfare of households in Mongolia. Our analysis particularly focuses on extreme weather events, locally called dzud disasters (see box below). As a consequence of climate change and global warming, it is very likely that climate shocks, such as dzud, will occur more frequently and with greater intensity. As part of the...
The North and Baltic Sea Grid is one of the largest pan-European infrastructure projects raising high hopes regarding the potential of harnessing large amounts of renewable electricity, but also concerns about the implementation in largely nationally dominated regulatory regimes. The paper develops three idealtype development scenarios and quantifies the technical-economic effects: i) the Status quo ...
Support through the German Renewable Energy Sources Act (EEG) has led, in the past few years, to an unexpectedly wide expansion of systems for generating solar power (photovoltaics) because the system prices for photovoltaic (PV) systems have fallen at a faster rate than the solar power feed-in tariffs guaranteed by the law. This has also contributed to a substantial increase in the EEG surcharge to ...
Feed-in tariffs have proven to be an effective instrument in supporting renewable energies. As a result of the dynamic price trend of photovoltaics, the actual number of systems installed has repeatedly exceeded initial government targets. Therefore, the support for new solar power installations by the German Renewable Energy Sources Act (EEG) has been adjusted several times. Based on the experiences ...
Improving energy efficiency is one of the three pillars of the European energy and climate targets for 2020 and has led to the introduction of several policy measures to promote energy efficiency. The paper analyzes the effectiveness of subsidies in increasing energy efficiency in residential dwellings. An empirical analysis is conducted in which the effectiveness of subsidies on the number of dwelling ...
Carbon resources, mainly the fossil fuels coal, crude oil and natural gas, have been key drivers of global economic development since the industrial revolution, constituting important inputs in the production processes of several sectors, such as power generation, transportation and industry. However, the use of carbon resources has also been a cause of man-made global warming, which is projected to ...