We investigate the economic impacts of CO2 emissions pricing for Germany in the context of the Paris Agreement where we highlight the role of international market responses for the incidence across heterogeneous households. We consider three settings for international spillover effects: (i) a...

I estimate the level of emissions cost pass-through to hourly wholesale electricity prices in Germany, based on spot market data. I control for contemporaneous shocks to demand and supply by constructing a detailed supply curve for fossil generation, and intersecting it with residual demand for...

I estimate the level of emissions cost pass-through to hourly wholesale electricity prices in Germany, based on spot market data. I control for contemporaneous shocks to demand and supply by constructing a detailed supply curve for fossil generation, and intersecting it with residual demand for...

Das Brennstoffemissionshandelsgesetz soll die Treibhausgasemissionen bepreisen, die vom EU-Emissionszertifikatehandel bislang nicht erfasst sind, insbesondere in den Sektoren Verkehr und Wärme. Wichtigster Punkt der geplanten Gesetzesänderung ist die deutliche Erhöhung der Emissionspreise in...

This paper aims at characterizing the conditions of wind power deployment in order to infer a carbon price level that would provide wind power with comparable advantage over fossil fuel technologies as effective wind support policies. The analysis is conducted on Danish data from 2000 to 2010,...

Voluntary environmental management programs for firms have become an increasingly popular instrument of environmental policy. However, the literature's conclusion on the effectiveness of suchprograms is ambiguous, and for the European region there is a lack of evidence based on a large control...

Germany has set national greenhouse emissions targets of a 65 percent reduction below 1990 levels by 2030 and net zero emissions by 2045, along with various sectoral emissions goals. To achieve these targets, the government has introduced multi-pronged policy measures, including a national...

Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to emissions trading. The paper presents a risk model which may be the basis for evaluating the risk of emission certificate prices. We assume that the certificate price is...

Germany committed itself to challenging greenhouse gas (GHG) emission reduction targets to 2020 and beyond. It has implemented a composite mix of policy measures to achieve its climate change mitigation goals, including a range of market-based instruments. These measures have helped reduce...

Die Energieversorgung muss klimaschonend, sicher, aber auch bezahlbar sein. Fossile Energien allen voran Öl und später auch Gas werden knapper und teurer. Die fossile Ressource Kohle steht uns zwar noch sehr lange zur Verfügung, die Verbrennung verursacht jedoch klimagefährliche...