Water is a vital resource for human existence on earth. The importance of this resource to the wellbeingof mankind and the general scarcity of drinking water which is expected to grow requires thepublic to reflect on the best ways to address demand and supply issues. Therefore, the discourse...

Es besteht von wissenschaftlicher Seite aus weitgehend der Konsens, dass grundle-gende demokratische Entscheidungen eines Staates effizienter durchgesetzt werden können, wenn, analog zum politischen föderalen Bereich, auch ökonomisch dezent-rale Freiheits- und Entscheidungsstrukturen...

The paper examines what impact different design options of emissions trading have on the innovation process in the electric power industry. Recent concepts of innovation research in evolutionary economics are reviewed and investment cycles in the German power sector are examined before taking a...

At the General Assembly of the Geneva Association held 28-31 May 2008 in Hamilton, Bermuda, the CEOs of the world's leading insurance and reinsurance companies decided to launch a new research project on climate change and its economic impact on insurance (CC+I). This initiative reflects one of...

Extreme weather patterns are causing major damage on property and business and the question of who pays is becoming a serious issue. A law and economics point of view focuses on the problem that emitters of greenhouse gases externalize the true costs of their contribution to climate change...

Sustainability ; Climate Change ; What can the (re)insurance industry do? ; CC is also a societal choice...

There are indeed many unknowns: climate science deals in probability and risk, not in certainties. However, if we value the well being of our children and grandchildren, even small risk of catastrophic events merit an insurance-based precautionary approach...