Das Forschungsvorhaben ”Evaluation and development of recommendations on the CDM EB’s Sustainable Development Tool including the sustainability requirements of other flexible mechanisms‛ hat zum Ziel, mögliche Unzulänglichkeiten des CDM SD Tools zu identifizieren, und strukturierte...

Die Kältetechnik in Deutschland weist insgesamt einen Anteil am Elektroenergiebedarf von ca. 14% auf und ist für etwa 5% der nationalen Treibhausgasemissionen verantwortlich. Angesichts der nationalen Klimaschutzziele verdeutlichen diese Zahlen den Handlungsbedarf zur Erhöhung der...

We view sustainability as a requirement that welfare should not be expected to decline over time. We impose this requirement as a prior constraint on the consumption-savings-investment problem, and study its implications for saving, risky investment, and the social discount rate. The constraint...

How does the sustainable level of consumption depend on productivity growth and the size and growth rate of the population? What is the effect of uncertainty over these growth rates? I address these questions using a model in which productivity and population growth are stochastic, and social...

Over the past decade, non-Paris Club creditors, notably China, have become an important source of financing for low- and middle-income countries. In contrast with typical sovereign debt, these lending arrangements are not public, and other creditors have no information about their magnitude. We...

This paper makes two contributions. First, we examine the macroeconomic implications of Puerto Rico's Fiscal Plan that was certified in March 2017 for fiscal years 2017-18 to 2026-27. Second, we perform a Debt Sustainability Analysis (DSA) that incorporates the expected macroeconomic dynamics...