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Planetary Economics: Energy, Climate Change and the Three Domains of Sustainable Development

Renewable Electric Energy Integration: Quantifying the Value of Design of Markets for International Transmission Capacity

Integrating large quantities of variable renewable electricity generation remains a political and operational challenge. One of the main obstacles in Europe to installing at least 200 GWs of power from variable renewable sources is how to deal with the insufficient network capacity and the congestion that will result from new flow patterns. We model the current methodology for controlling congestion ...

Natural Disaster, Policy Action, and Mental Well-Being: The Case of Fukushima

We study the impact of the Fukushima disaster on people's mental well·being in another industrialized country, more than 5000 miles distant. The meltdown significantlyincreased environmental concerns by 20% among the German population. Subsequent drastic policy action permanently shut down the oldest nuclear reactors, implemented the phase·out of the remaining ones, and proclaimed the transition to ...

Estimating Alternative Technology Sets in Nonparametric Efficiency Analysis: Restriction Tests for Panel and Clustered Data

Nonparametric efficiency analysis has become a widely applied technique to support industrial benchmarking as well as a variety of incentive- based regulation policies. In practice such exercises are often plagued by incomplete knowledge about the correct specifications of inputs and outputs. Simar and Wilson (2001) and Schubert and Simar (2011) propose restriction tests to support such specification ...

The Role of Hedging in Carbon Markets

In the European Emissions Trading System, power generators hold CO2 allowances to hedge for future power sales. First, we model their aggregate hedging demand in response to changes in expectations of future fuel, carbon and power prices from forward prices. This partial equilibrium analysis is then integrated into a two period model of the supply and demand of CO2 allowances considering also emissions ...

Europäischer Emissionshandel: durch Backloading Zeit für Strukturreform gewinnen

Der europäische Emissionshandel soll den Ausstoß klimaschädlicher Treibausgase begrenzen und Anreize für Investitionen in emissionsarme Technologien geben. In den letzten Jahren hat sich jedoch ein großer Überschuss an Emissionszertifikaten angesammelt. Gründe hierfür sind vor allem unerwartete Emissionsminderungen aufgrund der Wirtschaftskrise und ein starker Zustrom an internationalen Emissionsgutschriften. ...

Überschuss an Zertifikaten führt zu dringendem Handlungsbedarf: Sechs Fragen an Karsten Neuhoff

Econometric Analyses of Carbon Resource Markets: Dissertation

Carbon resources, mainly the fossil fuels coal, crude oil and natural gas, have been key drivers of global economic development since the industrial revolution, constituting important inputs in the production processes of several sectors, such as power generation, transportation and industry. However, the use of carbon resources has also been a cause of man-made global warming, which is projected to ...

EU-Emissionshandel: Anpassungsbedarf des Caps als Reaktion auf externe Schocks und unerwartete Entwicklungen? Im Auftrag des Umweltbundesamtes ; Umweltforschungsplan des Bundesministeriums für Umwelt, Naturschutz und Reaktorsicherheit, Forschungskennzahl 3711 41 504

Der EU-Emissionshandel ist ein mengensteuerndes Instrument: Indem das Emissionsbudget (Cap) vor jeder Handelsperiode festgelegt wird, ist das Emissionsminderungsziel eindeutig definiert. Der Zertifikatspreis spiegelt die Knappheit im Markt wieder und setzt Anreize für emissionsarme Investitionen und Innovationen. Wenn sich jedoch Rahmenbedingungen stark und dauerhaft ändern, wie der unerwartet große ...

All Quiet on the Eastern Front? Disruption Scenarios of Russian Natural Gas Supply to Europe

The Russian-Ukrainian crisis has revitalized the European concerns of supply disruptions of natural gas as experienced in 2006 and 2009. However, the European supply situation, regulation and infrastructure have changed since: imports aremore diversified, EU member states better connected and a common regulation on the security of supply has been introduced. Nevertheless, several East European countries ...