Germany aims to phase out coal to achieve its 2030 climate target, for which a UK-style carbon price floor is considered. But this measure comes with risks related to the uncertainty about what price level is sufficient, and the waterbed effect arising from unilateral policy under the EU-ETS....

Long-term commitment is crucial for the dynamic efficiency of intertemporal cap-and-trade programs. Discretionary interventions in such programs could destabilize the market, and necessitate subsequent corrective interventions that instigate regulatory instability (Kydland and Prescott, 1977)....

Germany aims to phase out coal to achieve its 2030 climate target, for which a UK-style carbon price floor is considered. But this measure comes with risks related to the uncertainty about what price level is sufficient, and the waterbed effect arising from unilateral policy under the EU-ETS....

Long-term commitment is crucial for the dynamic efficiency of intertemporal cap-and-trade programs. Discretionary interventions in such programs could destabilize the market, and necessitate subsequent corrective interventions that instigate regulatory instability (Kydland and Prescott, 1977)....

Novel Carbon Dioxide Removal (CDR) technologies have seen a first wave of deployment, driven by investments through voluntary carbon markets and by specific support policies. To sustain the momentum, a credible long-term policy path is urgently needed to lead removal technologies through the...

Energy policy is confronted by two major challenges. First, fossil fuels will become ever more scarce and expensive in coming years, a trend which will intensify conflicts for the control of natural resources. Second, the burning of fossil fuels-particularly coal-is leading to an increase in...

Methane is a greenhouse gas that gets far less public attention than carbon dioxide. This is entirely unwarranted. Being 25 times more potent than carbon dioxide in trapping heat in the atmosphere, methane accounts for about one-sixth of all anthropogenic (i.e. human-induced) greenhouse gas...

In the course of current climate negotiations, the world is watching the United States in particular. Together with China, the U.S. is by far the largest emitter of greenhouse gases. Real progress in protecting the global climate requires substantial action on America's part. The U.S. has the...

Electric vehicle drives offer a number of advantages over conventional internal combustion engines, especially in terms of lower local emissions, higher energy efficiency, and decreased dependency upon oil. Yet there are significant barriers to the rapid adoption of electric cars, including the...

Die Frage der Versorgungssicherheit in liberalisierten Strommärkten wird bereits seit vielen Jahren diskutiert. In Deutschland gibt es - abgesehen von netzbedingten Knappheiten in Süddeutschland - derzeit ausreichende Erzeugungskapazitäten; die mittelfristige Entwicklung des Kraftwerksparks...