To those working on climate change it is obvious that energy policy should be influenced by climate change considerations. The question that this paper seeks to answer is, to what extent do they influence policy and what contribution can a careful analysis of the costs and benefits of climate...

Der Pro-Kopf-Stromverbrauch in Indien, der heute noch zwölf Mal niedriger ist als in Deutschland, soll sich laut Prognosen der Internationalen Energie- Agentur bis 2030 verdreifachen. Die dringend erforderliche Elektrifizierung des Landes wird zum überwiegenden Teil mit Stromerzeugung aus...

In der klimapolitischen Debatte stehen meist einzelne Instrumente und Maßnahmen im Vordergrund, wohingegen die Frage der ökonomischen Rationalität der Klimapolitik als solcher häufig vernachlässigt wird. Eine Klimapolitik wäre dann ökonomisch rational, wenn politisch vorgegebene...

This paper examines the relationship between corporate activities to address climate change and stock performance. By separately analyzing the US and European stock markets for different sub-periods, we highlight the impact of the underlying climate policy regime. Methodologically, we compare...

The paper develops a two-region endogenous growth model with climate change affecting the countries' capital stocks negatively. We compare two different policies aimed at supporting less developed countries: climate mitigation by rich countries, which diminishes the increase in stock pollution...

Climate physics predicts that the intensity of natural disasters will increase in the future due to climate change. One of the biggest challenges for economic modeling is the inherent uncertainty of climate events, which crucially affects consumption, investment, and abatement decisions. We...

Climate change is an important environmental problem and one whose economic implications are many and varied. This paper starts with the presumption that mitigation of greenhouse gases is a necessary policy that has to be designed in a cost effective way. It is well known that market instruments...