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Energy Transition Calls for High Investment

Achieving the objectives of the German governments 2010 Energy Concept and the accelerated phase-out of nuclear energy will require significant investment in restructuring energy supply. In particular, this includes investment in installations for the use of renewable energy sources in the power and heating sector, as well as in the infrastructure, such as power grids. In addition, substantial investment ...

Investment in Energy Transition Has Unequivocally Positive Impact on Economy: Six Questions to Claudia Kemfert

Integration von Wind- und Solarenergie: flexibles Stromsystem verringert Überschüsse

Die Umsetzung der Energiewende erfordert einen weiteren Ausbau von Windkraft und Photovoltaik in Deutschland. Die Stromerzeugungsmöglichkeiten beider Technologien schwanken stark je nach Wetterlage, Tages- und Jahreszeit. So kann es dazu kommen, dass temporär mehr Strom produziert wird, als zu diesem Zeitpunkt verbraucht werden kann. Das DIW Berlin hat anhand ausgewählter Zukunftsszenarien untersucht, ...

Langfristig werden Speicher wichtig: Fünf Fragen an Wolf-Peter Schill

Energiewende erfordert hohe Investitionen

Um die Ziele des Energiekonzepts der Bundesregierung von 2010 und des beschleunigten Ausstiegs aus der Kernenergie zu erreichen, bedarf es erheblicher Investitionen zum Umbau der Energieversorgung. Dazu gehören insbesondere Investitionen in Anlagen zur Nutzung erneuerbarer Energien im Strom- und Wärmebereich und des Weiteren in Infrastruktur, wie zum Beispiel die Stromnetze. Zudem sind umfangreiche ...

Investitionen in Energiewende: Wirkung auf die Wirtschaft ist eindeutig positiv: Sechs Fragen an Claudia Kemfert

Managing Congestion and Intermittent Renewable Generation in Liberalized Electricity Markets: Dissertation

This dissertation focuses on selected aspects of network congestion arising in liberalized electricity markets and their management methods with a special weight placed on the integration of increased renewable generation in Europe and Germany. In a first step, the theoretical concepts of congestion management are introduced complemented by a review of current management regimes in selected countries. ...

Commitments through Financial Options: An Alternative for Delivering Climate Change Obligations

Governments willing to commit themselves to maintain carbon prices at or above a certain level face the challenge that their commitments need to be credible both for investors in low-carbon technology and for foreign governments. This article argues that governments can make such commitments by issuing long-term put option contracts on the price of CO2 allowances. This mechanism gives investors the ...

Global Liquidity, World Savings Glut and Global Policy Coordination

The global imbalances of the 2000s and the recent global financial crisis are intimately connected. Both originate in the combination of economic policies adopted by the two key economies, the US and China. Global financial markets served as a transmission belt, both during the boom as during the bust. In the US, the interaction among the Fed's monetary stance, global real interest rates, distorted ...

A Complementarity Model for the European Natural Gas Market

In this paper, we present a detailed and comprehensive complementarity model for computing market equilibrium values in the European natural gas system. Market players include producers and their marketing arms which we call "transmitters", pipeline and storage operators, marketers, LNG liquefiers, regasifiers, tankers, and three end-use consumption sectors. The economic behavior of producers, transmitters, ...