We develop and discuss the three pathways to European Greenhouse Gas Emissions Trading: a top-down scheme based on the Kyoto Protocol of the UNFCCC, a bottom-up scheme linking national trading systems of EU Member States, and an EU-wide regional scheme based on the founding principles of the...

In 2005, an EU-wide emissions trading scheme covering major CO2 producing sites shall come into power. The key objective of the trading scheme is to promote cost-efficiency of carbon reduction within the EU. We identify policy-relevant tradeoffs between overall efficiency, compensation and...

Unter Ökonom:innen ist es inzwischen schon fast eine Binsenweisheit, dass ein robuster CO2-Preis ein "zentrales Instrument" in der Bekämpfung des Klimawandels sein sollte. Gleichzeitig sind CO2-Preise politisch oft unbeliebt, selbst, wenn gleichzeitig die Bevölkerung eigentlich von der...

Climate physics predicts that the intensity of natural disasters will increase in the future due to climate change. One of the biggest challenges for economic modeling is the inherent uncertainty of climate events, which crucially affects consumption, investment, and abatement decisions. We...

This thesis was written by Christian Beermann while he was a research assistant at the Center for Economic Studies (CES) at the University of Munich. It was completed in December 2014 and accepted as a doctoral thesis by the Department of Economics at the University of Munich in May 2015. The...

In this paper we use annual time series data from 1960 to 2008 to estimate the long run price and income elasticities underlying energy demand in Ireland. The Irish economy is divided into five sectors: residential, industrial, commercial, agricultural and transport, and separate energy demand...

We study the effects of greenhouse gas emissions on optimum growth and environmental policy by using an expansion-in-varieties growth model with polluting non-renewable resources. Climate change harms the capital stock. Our main contribution is to introduce and extensively explore the naturally...

Die dritte Handelsperiode des Europäischen Emissionshandelssystems (EU-ETS) zur Vermeidung von Treibhausgasemissionen startete im Jahr 2013 und läuft noch bis einschließlich 2020. Zieht man mach Ablauf der Halbzeit der Handelsperiode eine erste Bilanz, lässt sich feststellen, dass das...