Showing 1 - 10 of 1,251
-sufficiency, dependence on imported energy, energy import diversification transportation security and energy infrastructure financing. Lastly …
Persistent link: https://www.econbiz.de/10011300352
Despite ambitious climate goals and already substantial stocks of developed fossil energy reserves, development of new fossil energy reserves continues to be high. This raises concerns, as it reinforces the fossil industry’s opportunities and incentives to continue extraction, and may...
Persistent link: https://www.econbiz.de/10012257735
We build a general equilibrium model to study how climate transition risks affect energy prices and the valuations of different firms in the energy sector. We consider two types of fossil fuel firms: incumbents that have developed oil reserves they can extract today or tomorrow, and new entrants...
Persistent link: https://www.econbiz.de/10015191589
sensitivity analysis upon the role of the 2020 renewable targets and increased energy efficiency improvements is also carried out …
Persistent link: https://www.econbiz.de/10010199756
efficiency of the community. …
Persistent link: https://www.econbiz.de/10013536160
We explore the impact of an EU-wide nuclear phase-out by 2030 provided the EU energy and climate policy for 2030 is implemented. Using a numerical simulation model of the European energy industry (LIBEMOD), we find that a complete nuclear phase-out in Europe by 2030 has a moderate impact on...
Persistent link: https://www.econbiz.de/10011281296
The amount of CO2 embedded in trade has substantially increased over the last decades. We study the trends and some drivers of the carbon content of trade over the period 1995-2009. Our main findings are the following. First, the mix of traded goods tends to have higher emission intensity than...
Persistent link: https://www.econbiz.de/10011987069
This paper investigates static and dynamic connectedness between the first and second moments of fossil and renewable energy stock indices in the last decade at the daily frequency. For this purpose the Diebold and Yilmaz (2014) methodology is applied; in addition, endogenous break tests are...
Persistent link: https://www.econbiz.de/10013285500
The optimal social cost of carbon is in general equilibrium proportional to GDP if utility is logarithmic, production is Cobb-Douglas, depreciation in 100% every period, climate damages as fraction of production decline exponentially with the stock of atmospheric carbon, and fossil fuel...
Persistent link: https://www.econbiz.de/10010257341
The green paradox conveys the idea that climate policies may have unintended side effects when taking into account the reaction of fossil fuel suppliers. In particular, carbon taxes that will be implemented in the future induce resource owners to extract more rapidly which increases present...
Persistent link: https://www.econbiz.de/10010375227