Climate change poses a new challenge in particular to long-lasting electricity networks. At the same time, this industry is highly regulated, which greatly affects the behavior of network operators. In this paper, the impact of regulation in general and of the German electricity grid regulation...

Dieser Bericht greift mit der output-orientierten Regulierung (OOR) eine aktuelle Entwicklung in der Regulierungspraxis auf, die insbesondere durch die Energiewende an Relevanz gewinnt. Ziel der OOR ist die gezielte Beanreizung vorgegebener Leistungsziele (Outputs), die im Rahmen einer ansonsten...

This paper examines the possibility of environmental "development traps," or "brown poverty traps," caused by interactions between the impacts of climate change and increasing returns in the development of "clean-technology" sectors. A simple specification is used in which the economy can...