Topic Energy Economics

1018 results, from 1

New Report from Climate Friendly Materials Plattform has been published: Carbon Contracts for Difference. An assessment of selected socio-economic impacts for Germany

This report offers insights to support key German stakeholders on the implementation of an innovative and promising policy instrument for the decarbonization of the basic materials sectors: project-based Carbon Contracts for Difference (CCfDs). It analyses selected socio-economic impacts of introducing this policy instrument in Germany. The reports accounts for the perspective of all relevant groups ...

15.04.2021| Olga Chiappinelli

Towards a green and smart economy in Germany and the EU

The recovery from the corona virus pandemic provides a unique opportunity for transformation. But what does it take for the German and the European economy to thrive in the new, more digital, post-Covid world? How can we transform our economies while also limiting climate change and preparing for its impact? Will we manage to advance structural transformation while strengthening social cohesion? ...

27.01.2021| Ambroise Fayolle, Fritzi Köhler-Geib, Debora Revoltella, Marcel Fratzscher, Claudia Kemfert
Research Project

The European and German Natural Gas Market in the Short and Long Run: Report on the Finalization and Commissioning of the Nord Stream 2 Pipeline Project

In this report, the role of the Nord Stream 2 pipeline project for the German and the European natural gas market was investigated in the short run and the long run. In the short run, no supply gap can be identified that would justify the speedy finalization of construction works on the Nord Stream 2 project. In the long run, there is no need for the Nord Stream 2 pipeline due to the German and...

Completed Project| Energy, Transportation, Environment
Externe referierte Aufsätze

Comparing Regulatory Designs for the Transmission of Offshore Wind Energy

Offshore wind plays an ever-increasing role for the global transition to renewable energy. For offshore wind energy to be successful, cost-effective transport of the produced electricity to shore is necessary. The development and operation of the offshore transmission asset is costly and regulated differently across the globe. In most countries, the TSO is responsible for the transmission and develops ...

In: Economics of Energy and Environmental Policy 10 (2021), 1, S. 229-249 | Yann Girard, Claudia Kemfert, Julius Stoll
Diskussionspapiere 1938 / 2021

The Impact of ECB Corporate Sector Purchases on European Green Bonds

This papers analyzes the effect of the ECB’s Corporate Sector Purchase Programme (CSPP) and the recent Pandemic Emergency Purchase Programme (PEPP) on the yields of eligible green bonds, a new but rapidly growing segment of the corporate bond market. We exploit these policy changes using a difference-in-differences strategy, with ineligible corporate green bonds issued in euro, U.S. dollars and Swedish ...

2021| Franziska Bremus, Franziska Schütze, Aleksandar Zaklan
Externe referierte Aufsätze

Financing Power: Impacts of Energy Policies in Changing Regulatory Environments

Power systems with increasing shares of wind and solar power generation have higher capital costs and lower operational costs than power systems based on fossil fuels. This increases the importance of the financing costs for total system cost. We quantify how renewable energy support policies can affect the financing costs by addressing regulatory risk and facilitating hedging. We use interview data ...

In: The Energy Journal 42 (2021), 4, S. 131-151 | Nils May, Karsten Neuhoff
Externe referierte Aufsätze

Prosumage of Solar Electricity: Tariff Design, Capacity Investments, and Power Sector Effects

We analyze how tariff design incentivizes households to invest in residential photovoltaic and battery storage systems, and explore selected electricity sector effects. To this end, we develop an open-source electricity sector model that explicitly features prosumage agents and apply it to German 2030 scenarios. Results show that lower feed-in tariffs substantially reduce investments in residential ...

In: Energy Policy 152 (2021), 112168, 17 S. | Claudia Günther, Wolf-Peter Schill, Alexander Zerrahn
DIW Weekly Report 10 / 2021

Green Deal for Industry: A Clear Policy Framework Is More Important Than Funding

The European Commission is facing the challenge and opportunity of implementing the Green Deal while simultaneously initiating the recovery of the economy following the coronavirus crisis. Investments in the basic materials industry’s transition to climate neutrality play a central role in this, as the sector is responsible for 16 percent of the EU’s CO2 emissions and is key to downstream value chains. ...

2021| Karsten Neuhoff, Olga Chiappinelli, Mats Kröger, Frederik Lettow, Jörn Richstein, Franziska Schütze, Jan Stede, Xi Sun
Diskussionspapiere 1935 / 2021

Carbon Pricing of Basic Materials: Incentives and Risks for the Value Chain and Consumers

For the European Union to realise its ambition of carbon neutrality, emissions from basic material production need to be reduced through low-carbon production processes, material efficiency and substitution, as well as enhanced recycling. Different reform options for the EU ETS are discussed that ensure a consistent carbon price incentive for all these mitigation options, while avoiding the risk of ...

2021| Jan Stede, Stefan Pauliuk, Gilang Hardadi, Karsten Neuhoff
Diskussionspapiere 1926 / 2021

The Leniency Rule Revisited: Experiments on Cartel Formation with Open Communication

The experimental literature on antitrust enforcement provides robust evidence that communication plays an important role for the formation and stability of cartels. We extend these studies through a design that distinguishes between innocuous communication and communication about a cartel, sanctioning only the latter. To this aim, we introduce a participant in the role of the competition authority, ...

2021| Maximilian Andres, Lisa Bruttel, Jana Friedrichsen
1018 results, from 1