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DIW Weekly Report 32/33 / 2023
According to the latest review report of the Council of Experts on Climate Change, the German building sector failed to meet its greenhouse gas emission reduction targets in 2022. This is in part because investments in energy-efficient building refurbishment—supported by all kinds of policy measures— has neither been low nor shown a consistently positive trend over the past ten years. Furthermore, ...
2023| Martin Gornig, Katrin Klarhöfer
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Refereed essays Web of Science
To limit the effects of climate change, we must significantly curtail the trading and use of coal as an energy source. Although the rise of renewable energy sources has already led to a reduction in the demand for and use of coal, new export-oriented coal mine projects are still being approved, and they often receive strong political support. However, whether these projects are economically viable ...
In:
One Earth
6 (2023), 8, S. 990-1004
| Christian Hauenstein, Franziska Holz, Lennart Rathje, Thomas Mitterecker
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DIW Weekly Report 34/35 / 2023
Reducing carbon emissions is essential to meeting climate targets. What is unclear, however, is which measures are required to do so and what impact they would have on economic growth. In this Weekly Report, a macroeconomic model is used to observe four scenarios in comparison to a baseline scenario without emissions reduction. It is analyzed which effects different measures, such as technological ...
2023| Timm Bönke, Geraldine Dany-Knedlik, Werner Roeger
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Refereed essays Web of Science
The future of coal remains contested in many countries, hindering necessary energy transitions. Collaborative governance approaches, such as stakeholder commissions, have been proposed as potential solution to resolve such societal conflicts. In Germany, a stakeholder commission process managed to overcome the existing stalemate situation, leading to the adoption of a coal phase-out by 2038. Celebrated ...
In:
Energy Research & Social Science
103 (2023), 103203, 16 S.
| Christian Hauenstein, Isabell Braunger, Alexandra Krumm, Pao-Yu Oei
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DIW Weekly Report 25 / 2023
In its Federal Climate Change Act, Germany has committed to achieving climate neutrality by 2045. To do so, companies from both the industrial and the service sectors must adjust their production and business practices, and financial institutions must adjust their evaluation criteria. In many cases, this requires a new strategic direction and investments in climate-neutral products, business models, ...
2023| Fernanda Ballesteros, Alexandra Hüttel, Karsten Neuhoff, Catherine Marchewitz
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Externe Monographien
While countries increasingly commit to pricing greenhouse gases directly through carbon taxes or emissions trading systems, indirect forms of carbon pricing—such as fuel excise taxes and fuel subsidy reforms—remain important factors affecting the mitigation incentives in an economy. Taken together, how can policy makers think about the overall price signal for carbon emissions and the incentive it ...
Washington:
World Bank,
2023,
35 S.
(Policy Research Working Paper ; 10486)
| Paolo Agnolucci, Carolyn Fischer, Dirk Heine, Mariza Montes de Oca Leon, Joseph Pryor, Kathleen Patroni, Stéphane Hallegatte
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Refereed essays Web of Science
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 ...
In:
iScience
26 (2023), 7, 107074
| Alexander Roth, Wolf-Peter Schill
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Diskussionspapiere 2041 / 2023
This paper provides a comprehensive evaluation of the world’s largest environmental tax reform. We compare carbon and air pollutant emissions of the German transport sector and synthetic counterfactuals following the 1999 eco-tax reform, and find average re- ductions in external damages of around 80 billion Euros. We further show that the eco-tax induced low-carbon innovation and document much stronger ...
2023| Pier Basaglia, Sophie M. Behr, Moritz A. Drupp
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DIW Weekly Report 22 / 2023
In October 2023, the EU Carbon Border Adjustment Mechanism (CBAM), a part of the reform of the European Emissions Trading System (EU ETS), will come into effect. Currently, energy-intensive industries do not need to purchase all of the necessary EU ETS allowances on the market to remain globally competitive, as the remaining allowances are freely allocated to them. The CBAM plans to gradually replace ...
2023| Robin Sogalla
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DIW Weekly Report 23 / 2023
Despite the easing of prices on the energy markets, private households continue to be burdened by elevated prices. The planned increase the planned increase in the carbon price for transport and heating will raise the burden on private households even further. These additional costs are unequally distributed and have a regressive effect, as poor households must spend much more relative to their net ...
2023| Stefan Bach, Hermann Buslei, Lars Felder, Peter Haan