Im Zuge der politisch und gesellschaftlich propagierten "Verkehrs- und Klimawende" wird der Stärkung des Schienenverkehrs in Deutschland eine zunehmend wichtigere Rolle beigemessen. Mit der Coronakrise ist die Klimadebatte zwar zwischenzeitlich etwas aus den Schlagzeilen verschwunden; es ist...

We collect data on 24,000 state aid cases within the European Union to create granular measures of national environmental support and study their interactions with the European Union Emissions Trading System (EU ETS). Exploiting variation in regulated installations' exposure to carbon prices and...

Das oberste klimapolitische Ziel der EU ist die vollständige Dekarbonisierung der Wirtschaft ihrer Mitgliedsstaaten bis 2050, d. h. die Klimaneutralität in allen Sektoren, die derzeit noch von fossilen Brennstoffen abhängig sind. Dies spiegelt sich in der politischen Agenda der EU-Kommission...

We collect data on 24,000 state aid cases within the European Union to create granular measures of national environmental support and study their interactions with the European Union Emissions Trading System (EU ETS). Exploiting variation in regulated installations' exposure to carbon prices and...

Carbon pricing is a central instrument of a market-based climate policy. However, the different international price levels vary greatly, thereby creating new distortions of competition. To compensate for this, state aid for transformation efforts becomes relevant. Industrial policy therefore has...

Vor dem Hintergrund der europäischen Klimaschutzziele und der Herausforderungen der nationalen Energiewende- und Klimapolitik hat die Bundesregierung 2023 mehrere Gesetzesvorhaben vorangetrieben. Während die Reform des Gebäudeenergiegesetzes ("Heizungsgesetz") und das damit verbundene Gesetz...

Various stakeholders are increasingly encouraging companies from the real economy to adopt measures facilitating their transition towards carbon neutrality. In this context, companies are expected to implement forward-looking strategies and climate-related reporting practices using scenario...

Various stakeholders are increasingly encouraging companies from the real economy to adopt measures facilitating their transition towards carbon neutrality. In this context, companies are expected to implement forward-looking strategies and climate-related reporting practices using scenario...

The reduction of greenhouse gas emissions is the key action to limit global warming. An important source of greenhouse gas emissions and pollution is the inefficiency of production processes. We report results from a stochastic nonparametric efficiency analysis using directional distance...

Employing a two-period model with an environmental externality, this paper investigates the relation between emission taxation and the optimal level of public debt. The central insight is that the effect of emission taxation on optimal borrowing is ambiguous and may lead to lower or higher...