Average market prices for intermittent generation technologies are lower than for conventional generation. This has a technical reason but can be exaggerated in the presence of market power. When there is much wind smaller amounts of conventional generation technologies are required, and prices are lower, while at times of little wind prices are higher. This effect reflects the value of different generation ...
We study the performance of different regulatory approaches for the expansion of electricity transmission networks in the light of realistic demand patterns and fluctuating wind power. In particular, we are interested in the relative performance of a combined merchant-regulatory mechanism compared to a cost-based and a merchant-like approach. In contrast to earlier research, we explicitly include both ...
Der Pkw-Verkehr ist einer der wesentlichen Emittenten von Treibhausgasen. Daher werden mittlerweile in nahezu allen Industrieländern die spezifischen CO2-Emissionen beziehungsweise der spezifische Kraftstoffverbrauch der Fahrzeuge reguliert. Dieser Aufsatz gibt einen Überblick über die Eignung von Emissionsstandards als Instrument der Klimapolitik. Um ihre grundsätzliche ökonomische Rationalität zu ...
Bauvolumenrechnung des DIW Berlin: Bauwirtschaft bleibt wichtige Stütze der Konjunktur – Handlungsbedarf im Bereich der energetischen Sanierung und bei der Unterbringung von Flüchtlingen Die Bauwirtschaft bleibt eine wichtige Konjunkturstütze: Insgesamt werden in diesem Jahr in Deutschland Bauten im Wert von rund 338 Milliarden Euro errichtet oder modernisiert – 2,7 Prozent ...
DIW Berlin’s construction volume calculations: construction industry remains a key pillar of the German economy—need for action in energy-efficient refurbishment and in accommodating refugees The construction industry remains a key pillar of the German economy: buildings worth a total of around 338 billion euros will have been constructed or modernized in Germany by the end of this year—2.7 ...
Climate policy consistent with the 2°C target needs to install mechanisms that leave most current coal reserves unburned. Demand-side policies have been argued to be prone to adverse carbon leakage and “green paradox” effects. A growing strain of literature argues in favor of supply-side policies in order to curb future coal consumption. Various concepts with analogies in other sectors are currently ...