Current climate and energy policy has to operate under an ex-ante unforeseen economic crisis. An obvious consequence is the collapse of prices for carbon emission allowances as, for example, seen in the European Union. However, this price collapse may be amplified by the interaction of a carbon...

In the last decades supply chains emerged that stretch across many countries. This has been explained with decreasing trade and communication costs. We extend the literature by analyzing if and how unilateral environmental regulation induces offshoring to unregulated jurisdictions. We first...

In the last decades supply chains emerged that stretch across many countries. This has been explained with decreasing trade and communication costs. We extend the literature by analyzing if and how unilateral environmental regulation induces offshoring to unregulated jurisdictions. We first...

In this paper we discuss what needs to be done in a number of key policy areas. Certainly, the EU should focus on fields where benefits for all of Europe can be produced, and should withdraw from policy areas where this is not the case. Furthermore, deeper economic and political integration is...

This paper studies policy instruments that correct insufficient learning-by-doing (LbD) and research and development (R&D) of renewable electricity technologies and insufficient investments in energy efficiency (EE) in the presence of carbon pricing. The theoretical model analysis shows how to...

The research conducted at the Research Department "Environmental and Resource Economics, Environmental Management" at ZEW provides a better understanding of environmental policy instruments, national sensitivities, and strategies for overcoming the impediments to global climate policy. The...

Der aktuelle Preisverfall im Europäischen Emissionshandelssystem ist nicht nur eine Folge der gegenwärtigen Wirtschaftskrise. Auch Überlagerungseffekte mit anderen Politikzielen wie der Mindestquote für erneuerbare Energien spielen eine Rolle. Diese Überlagerungseffekte entfalten ihre...

This report analyses how anti-carbon leakage measures, i.e. Border Carbon Adjustments (BCA), would interact with domestic and foreign firms’ R&D investment. The results of a multi- country multi-sector model with endogenous R&D investment are presented, calibrated with data of major world...

This paper studies policy instruments that correct insufficient learning-by-doing (LbD) and research and development (R&D) of renewable electricity technologies and insufficient investments in energy efficiency (EE) in the presence of carbon pricing. The theoretical model analysis shows how to...

We examine how the adverse impacts of weather shocks are distributed through the trade network. Exploiting a rich, theoretically derived, fixed effects structure, we find significant negative short-run effects of high temperature on exports. A month with an average temperature above 30 êC...