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The German electricity market has recovered well from the 2022 energy crisis. Policymakers should now redirect the focus of energy policy to further expanding renewable energy sources. The year 2023 showed that the German electricity supply remained secure following the shutdown of nuclear power...
Persistent link: https://www.econbiz.de/10014536114
The European Union has embarked on the transformation of its energy and electricity system to low-carbon energy sources, just like Germany and many other countries. This chapter analyzes the European strategy for low-carbon transformation in relation to specific aspects and features of the...
Persistent link: https://www.econbiz.de/10012040939
setting of imperfect competition is more appropriate. We show that the second best output subsidy for learning by doing in … insignificantly impacted by market power. By contrast, the welfare gains from an optimal subsidy are considerably higher compared to a …
Persistent link: https://www.econbiz.de/10009427861
The German support for renewable energies in the electricity sector is based on the feed-in tariff for investors that grants guaranteed revenues for their renewable energy supply. Corresponding to differences of granted tariffs and respective market values, a surcharge on consumption covers...
Persistent link: https://www.econbiz.de/10010479923
The world needs to continue working to protect the climate—this is generally undisputed. However, there is no agreement on which technologies should be used to decarbonize the energy sector. Many international scenarios still assume a relevant role for nuclear power in the future. However, a...
Persistent link: https://www.econbiz.de/10011762778
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The European Union has increased pressure on Russia by enacting a coal embargo. Following a transition period, Russian coal imports will end in August 2022. Recent studies show that Germany will be able to substitute Russian supplies with imports from other countries by summer 2022. However,...
Persistent link: https://www.econbiz.de/10013382423
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differently - would a private investor consider nuclear power as an investment option in the context of a competitive power market … recent and ongoing investment projects in the Western world, i.e. Europe and the United States; cases in non-market economies …
Persistent link: https://www.econbiz.de/10012134467
setting of imperfect competition is more appropriate. We show that the second best output subsidy for learning by doing in … insignificantly impacted by market power. By contrast, the welfare gains from an optimal subsidy are considerably higher compared to a …
Persistent link: https://www.econbiz.de/10013037927