Russia's war against Ukraine and China's reactions have decisively changed the general conditions for industry in Germany. Industry is facing major changes in the context of modernization, decarbonization and localization. The energy transition offers an enormous economic opportunity for German...

In this paper, we use a computable general equilibrium model (WIATEC) to study the potential impact of implementing Europe's 20-20-20 climate policy. The results show that the economic costs of implementing the policy are only moderate and within the range of recent empirical evidence....