Topic Climate Policy

Analysis of Climate Damage Abatement Costs Using a Dynamic Economic Model

Mit einer modifizierten Version des Multi-Actor Dynamic Integrated Assessment Model (MADIAM) werden die zukünftigen Kosten des Klimawandels und der Transformation des Energiesektors untersucht. Mittels einer Kosten-Nutzen-Analyse werden optimale Investitionsszenarien der Unternehmen berechnet. Im ökonomischen Kernmodell von MADIAM wird die Wirtschaft von der Profitmaximierung der Unternehmen angetrieben, ...

A Simple Model for Trading Climate Risk

Klimaereignisse auf einer kurzen Zeitskala, wie die Anomalie der Oberflächentemperatur im Ozean, bekannt als El Niño, sind finanzielle Risikoquellen, die zu unvollständigen Märkten führen. Um so ein Risiko handelbar zu machen, nutzen wir ein Marktmodell, in dem ein Klimaindex eine zusätzliche Investitionsmöglichkeit schafft. Zu einem gegebenen Marktpreis des Risikos kann jeder Händler seinen exponentiellen ...

The Role of Financial Services in Climate Adaption in Developing Countries

Der Finanz- und Versicherungssektor (im folgenden Finanzsektor genannt) kann Klimarisiken mindern und damit eine zentrale Rolle bei der Anpassung an den Klimawandel spielen. Allerdings ist der Finanzsektor gerade in den Entwicklungsländern mit besonders hohen Klimarisiken und hoher Klimavulnerabilität kaum präsent, wofür insbesondere das Fehlen von Geschäftsmöglichkeiten verantwortlich gemacht wird. ...

The Economic Costs of Climate Change

International experts agree that the emission of greenhouse gases by mankind is rising further and further, and causing climate change. This can clearly be seen in the rise in the average global temperature and sea level. It is also evident in the increase in extreme weather events and natural catastrophes, which are causing enormous economic damage. If the global temperature changes by 1 degree Celsius ...

Russian Energy and Climate Policy Remains Inconsistent: Challenges for the EU

The relations between Russia and the EU with respect to energy and climate policies have been characterized in recent months by two phenomena. On the one hand, the EU has to deal with questions regarding the security of energy supply. The Russian government's high-handed treatment of domestic and foreign energy enterprises operating in the country is irritating potential investors. There is reason ...

Global Climate Protection: Immediate Action Will Avert High Costs

The anthropogenic climate change will persist if the global volume of greenhousegas emissions will not be reduced significantly. A dangerous and irreversibleclimate change will occur if atmospheric concentrations of greenhousegases in the year 2100 exceed 450 ppm and global surface temperatureis 2 °C higher than its preindustrial level. The consequence of exceedingthese limits would be both more frequent ...

Climate Protection in the German Electricity Market: Opportunities for Coal Technologies through CO2 Capture and Storage?

The German electricity market is facing two major challenges: competition and climate protection. The liberalization of the electricity sector in Europe following the directive on the single internal market is increasing competition between suppliers of electricity, while the trading in emissions certificates, which started in January 2005, aims at reducing emission of carbon dioxide. This gives a ...

Economic Impact Assessment of Climate Change: A Multi-Gas Investigation with WIAGEM-GTAPEL-ICM

Climate change is a long-term issue due to the long lifespan of greenhouse gases and the delayed response of the climate system. This paper investigates the long-term economic consequences of both climate change impacts and mitigation efforts by applying the multi-regional, multi-sectoral integrated assessment model WIAGEM based on GTAP-EL coupled with the reduced-form multi-gas climate model ICM. ...

Incentives to Adopt New Abatement Technology and US-European Regulatory Cultures

Innovative Energy Technologies and Climate Policy in Germany

Due to the size and structure of its economy, Germany is one of the largest carbon emitters in the European Union. However, Germany is facing a major renewal and restructuring process in electricity generation. Within the next two decades, up to 50% of current electricity generation capacity may retire because of end-of-plant lifetime and the nuclear phase-out pact of 1998. Substantial opportunities ...