This paper applies an economic model of climate change that is based on endogenous substitution of energy resources to determine the effect of advances in renewable technology on aggregate and sectoral fossil fuel use and energy prices. It uses a Nordhaus type partial equilibrium model of the...

The European Union has set ambitious targets for emission reduction and the penetration of renewable energy, including the electricity generation sector as one of the major emitters of CO2. After a period of subsidy-driven investments, the costs of renewables decreased strongly making...

A climate crisis is inevitable unless developing countries limit carbon emissions from the power sector in the near future. This will happen only if the costs of low carbon power production become competitive with fossil fuel power. We focus on a leading candidate for investment: solar thermal...

Concentrated solar power generation in Northern African and Middle Eastern deserts could potentially supply up to 20% of European power demand. This column evaluates the technological, economic, and political feasibility of this idea. Although concentrated solar power is a proven technology that...

The European Union has set ambitious targets for emission reduction and the penetration of renewable energy, including the electricity generation sector as one of the major emitters of CO2. After a period of subsidy-driven investments, the costs of renewables decreased strongly making...

This paper develops on the possible ramifications of M&A activity in solar farms. A theoretical model explores two possible mechanisms of M&A activity in solar assets: disposal of assets whilst in financial distress, or, alternatively, normal market behaviour as regards essentially marketable,...

Die Energiewende wird eine der größten Herausforderungen an die deutsche Volkswirtschaft in den kommenden Jahrzehnten darstellen. Um die zwei Hauptziele der Energiewende zu realisieren – die CO2-Emissionen bis zum Jahr 2050 um 80% zu reduzieren und die verbleibenden Atomkraftwerke bis 2022...