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Refereed essays Web of Science
Integrated assessment models (IAMs) are a central tool for the quantitative analysis of climate change mitigation strategies. However, due to their global, cross-sectoral and centennial scope, IAMs cannot explicitly represent the temporal and spatial details required to properly analyze the key role of variable renewable energy (VRE) in decarbonizing the power sector and enabling emission reductions ...
In:
Geoscientific Model Development
16 (2023), 17, S. 4977–5033
| Chen Chris Gong, Falko Ueckerdt, Robert Pietzcker, Adrian Odenweller, Wolf-Peter Schill, Martin Kittel, Gunnar Luderer
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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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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
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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 Behr, Moritz A. Drupp
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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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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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Refereed essays Web of Science
I examine the Coasean independence property in a large multinational cap-and-trade scheme for greenhouse gas emissions, the EU Emissions Trading System. I analyze whether emissions of power producers are independent from allowance allocations by leveraging a change in allocation policy for a difference-in-differences strategy. The evidence suggests that the independence property holds overall and for ...
In:
American Economic Journal: Economic Policy
15 (2023), 2. S. S. 526-558
| Aleksandar Zaklan
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Externe Monographien
This paper provides the most comprehensive assessment of how fuel taxation reduces climate and pollution externalities with a quasi-experimental evaluation of the world’s largest environmental tax reform. Leveraging multiple causal inference methods, we compare carbon and air pollutant emissions of the actual and counterfactual German transport sector following the 1999 eco-tax reform and demonstrate ...
München:
CESifo,
2023,
37 S.
(CESifo Working Papers ; 10508)
| Pier Basaglia, Sophie M. Behr, Moritz A. Drupp
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Externe Monographien
WPSF,
2023,
23 S.
(Policy Brief / Wissenschaftsplattform Sustainable Finance ; 3/2023)
| Fernanda Ballesteros, Malte Hessenius, Alexandra Hüttel, Catherine Marchewitz, Karsten Neuhoff, Franziska Schütze, Leon Stolle