We analyze the current regulatory regime for electricity transmission in Germany, which combines network planning with both cost-plus and revenue-cap regulations. After reviewing international experiences on transmission investment, we first make a qualitative assessment of the overall German...

Seeking to play a pioneering role in climate protection, the European Union has decided to pursue a reduction of at least 20% in greenhouse-gas emissions (on 1990 levels) by the year 2020. Moreover, Europe has declared its willingness to commit itself to emission reductions of 30% over the same...

Europa will Vorreiter beim Klimaschutz werden und hat sich entschlossen, die Treibhausgasemissionen bis zum Jahr 2020 um mindestens 20 % gegenüber dem Jahr 1990 zu senken. Darüber hinaus ist die Europäische Union bereit, sich für diesen Zeitraum auf eine Verminderung um 30 % zu verpflichten,...