Mit Sorge blickt die Weltgemeinschaft auf die nahende Präsidentschaft der Vereinigten Arabischen Emirate bei der diesjährigen Vertragsstaatenkonferenz (COP) der UN-Klimarahmenkonvention (UNFCCC). Bisher glänzte der Ölproduzent nicht mit Anstrengungen für den Klimaschutz, und Sultan Al...

This SIMAT Working Paper deals with an intensively discussed topic in the German natural gas economy: The price-link in natural gas contracts. Because of opposite price developments of the energy commodities such as oil, coal or natural gas, the traditionally used oil price-link is facing a...

This paper analyzes the efficient taxation of oil and capital income in an oil-dependent infinite-lived economy facing perfect capital mobility. Two cases are examined: one with product market imperfections and free tax choice, one with perfect competition and tax restrictions. The optimal tax...

This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the Dutch disease and the resource curse, which primarily focus on short run...

Optimal climate policy is studied. Coal, the abundant resource, contributes more CO2 per unit of energy than the exhaustible resource, oil. We characterize the optimal sequencing oil and coal and departures from the Herfindahl rule. 'Preference reversal' can take place. If coal is very dirty...

Erdöl ist der mit Abstand wichtigste Primärenergieträger. Wie steht es um die langfristige Verfügbarkeit von Rohöl? Wie werden sich Angebot und Nachfrage entwickeln? Bleibt die deutsche Rohölversorgung langfristig gesichert?

This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the Dutch disease and the resource curse, which primarily focus on short run...

Increasing oil security represents one of the most important policy actions, especially within IEA countries. Short and long term mechanisms could help such goal. On the short term side, revision of IEA emergency response oil stock system has been discussed. The attention is mainly focused on...

The paper focuses in the calculation of the oil capital value in a small open economy depending on oil rents. The Venezuelan case is used as an example. In valuing the oil capital, two issues are recalled and discussed: how should the exploration costs and the capital gains be treated? It is...

Die stark gestiegenen Öl- und Gaspreise lassen die Forderung nach politischen Maßnahmen laut werden. Sollte der Staat intervenieren? Nach Meinung von Hubertus Barth, Institut der deutschen Wirtschaft, Köln, sollte der Staat mit der Förderung des Wettbewerbs reagieren und Zusatzbelastungen...