The European Commission currently revises its regulation of selection of and support to so-called Trans-European Networks in the energy sector (TEN-E). Currently, the European Union still provides support to fossil natural gas infrastructure that were selected as so-called Projects of Common Interest (PCI) without sufficiently taking into account the long-term climate targets. In the research project ...
This paper studies the impact of financial investments on agricultural futures prices, using structural vector autoregressions. We identify exogenous variation in net long positions of speculators through heteroskedasticity. We first show that demand shocks of both index investors and noncommercial traders lead to a statistically significant contemporaneous increase in futures prices. We then quantify ...
Coal consumption and production have sharply declined in recent years in the U.S., despite political support. Reasons are mostly unfavorable economic conditions for coal, including competition from natural gas and renewables in the power sector, as well as an aging coal- fired power plant fleet. The U.S. Energy Information Administration as well as most models of North American energy markets depict ...
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 ...
Coal consumption and production have sharply declined in recent years in the U.S., despite political support. Reasons are mostly unfavorable economic conditions for coal, including competition from natural gas and renewables in the power sector, as well as an aging coal-fired power plant fleet. Nevertheless, coal remains a major energy source in the North American energy markets. Supplementing EMF34 ...
The coronavirus pandemic has affected the Gulf countries in a particular way. In addition to the direct consequences of the pandemic, the spread of the coronavirus has led to a collapse in demand for the Gulf countries’ most important source of revenue: oil. Its price, which had fallen initially due to the price war between Saudi Arabia and Russia, collapsed in spring 2020. Although it recovered somewhat ...
The expansion of renewable energies requires infrastructure investments to at least maintain the stability of electricity grids. Using survey data from residential consumers in Germany and Great Britain, we infer in pecuniary terms the extent to which people are prepared to reward the presence of renewable resources in electricity production and how they trade off this change in the fuel mix against ...
Our website uses cookies. Please refer to our Privacy Policy for information on how these cookies are used and options for opting out.