As part of its efforts to reach the targets of the Kyoto Protocol, the European Commission is currently considering a new directive to reduce the per-kilometer CO2 emissions of newly registered automobiles. This paper critically assesses this proposal with respect to its economic and...

The EU-wide Emission Trading Scheme (ETS), established in 2005, is a key pillar of Europe¿s strategy to attain compliance with the Kyoto Protocol. Under this scheme, CO2 allowances have thus far been allocated largely free of charge. This paper demonstrates that such cost-free allocation,...

The allure of an environmentally benign, abundant, and cost-effective energy source has led an increasing number of industrialized countries to back public financing of renewable energies. Germany's experience with renewable energy promotion is often cited as a model to be replicated elsewhere,...

Die Solarenergiebranche boomt, besonders in Deutschland. Dies ist vor allem auf die Subventionierung durch das Erneuerbare-Energien-Gesetz (EEG) zurückzuführen, das die heimische Nachfrage nach Solarenergie jenseits von Effizienzüberlegungen künstlich anheizt. Im Zuge der möglicherweise...