Governments worldwide have agreed that international climate policy should aim to limit the increase of global mean temperature to less than 2oC with respect to pre-industrial levels. The purpose of this paper is to analyse the emission reductions and related energy system changes in various...

Deutsch-französischer Neuanfang in der militärischen Zusammenarbeit. Wie kann - rechtzeitig zum 40. Jahrestag des Elysée-Vertrages - dem deutsch-französischen Verhältnis und zugleich auch der Europäischen Sicherheits- und Verteidigungspolitik (ESVP) ein neuer Schub gegeben werden? Durch...

While the international community has agreed on the long-term target of limiting global warming to no more than 2°C above pre-industrial levels, only a few concrete climate policies and measures to reduce greenhouse gas (GHG) emissions have been implemented. We use a set of three global...

This paper proposes a forward-looking metric of transition risk that relates financial performance and incremental carbon costs at the firm level. To this end, we use a consistent dividend discount framework augmented with emission costs of firms and climate scenario projections from four...