Topic Energy Economics

1015 results, from 1

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

The Effect of Restructuring Electricity Distribution Systems on Firms' Persistent and Transient Efficiency

We evaluate the efficiency of electricity distribution operators (DSOs) as providers of local public infrastructure. In particular, we consider two types of efficiency, i.e., short-term (transient) and long-term (persistent). We apply the recently developed four-component stochastic frontier model, which allows identifying determinants of the two types of efficiency, after controlling for firm heterogeneity ...

In: The Energy Journal 42 (2021), 4, 20 S. | Astrid Cullmann, Oleg Badunenko, Subal C. Kumbhakar, Maria Nieswand
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
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
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
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
DIW Weekly Report 7/8 / 2021

Ten Years after Fukushima: Nuclear Energy Is Still Dangerous and Unreliable

The catastrophic accident at the Fukushima Daiichi Nuclear Power Plant on March 11, 2011, revealed unexpected safety risks of nuclear energy once again. It also accelerated the decline of nuclear energy in the international energy sector: Nuclear energy’s share of global electricity generation fell from 17 percent in 1996 to 13 percent in 2011 to approximately ten percent in 2019, with a share of primary ...

2021| Ben Wealer, Christian von Hirschhausen, Claudia Kemfert, Fabian Präger, Björn Steigerwald
SOEPpapers 1116 / 2021

Quantifying the Externalities of Renewable Energy Plants Using Wellbeing Data: The Case of Biogas

Although there is strong support for renewable energy plants, they are often met with local resistance. We quantify the externalities of renewable energy plants using well-being data. We focus on the example of biogas, one of the most frequently deployed technologies besides wind and solar. To this end, we combine longitudinal household data with novel panel data on more than 13, 000 installations ...

2021| Christian Krekel, Julia Rechlitz, Johannes Rode, Alexander Zerrahn
1015 results, from 1