The importance of ecosystem functions for humankind is well known. But only few attempts have been undertaken to estimate the economic value of these ecosystem services. In particular, indirect methods are rarely used, even though they are most suitable for the task. This discrepancy is because...

The importance of ecosystem functions for humankind is well known. But only few attempts have been undertaken to estimate the economic value of these ecosystem services. In particular, indirect methods are rarely used, even though they are most suitable for the task. This discrepancy is because...

The importance of ecosystem functions for humankind is well known. But only few attempts have been undertaken to estimate the economic value of these ecosystem services. In particular, indirect methods are rarely used, even though they are most suitable for the task. This discrepancy is because...

Discounting future costs and benefits is a crucial yet contentious practice in the appraisal of long-term public projects with environmental consequences. The standard approach typically neglects that ecosystem services are not easily substitutable with manufactured goods and often exhibit...

Last year the German Parliament exempted biofuels from the gasoline tax. The promotion of biofuels is being justified by allegedly positive effects on climate, energy, and agricultural policy goals. The paper takes a closer look at bio-ethanol as a substitute for gasoline. We analyze the basic...

In June 2002 the German Parliament decided to exempt biofuels from the gasoline tax. The policy to promote biofuels is being justified by allegedly positive effects on the climate, energy, and agricultural policy. The working paper takes a closer look at bio-ethanol as a substitute for gasoline...

Im Juni 2002 hat der Deutsche Bundestag die Befreiung sämtlicher Biokraftstoffe von der Mineralölsteuer beschlossen. Eine solche Förderung von Biokraftstoffen wird von der Politik durch positive Effekte auf die Klima-, Energie- und Agrarpolitik gerechtfertigt. Das Arbeitspapier analysiert am...

A low carbon electricity generating technology can only contribute to the net-zero energy transition if it is able to scale up. From that perspective, we compare nuclear, wind and solar power wrt. the size of a typical power plant, across the criteria of physical scalability, building experience...