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...

We develop a model of optimal carbon taxation and redistribution taking into account horizontal equity concerns by considering heterogeneous energy efficiencies. By deriving first- and second-best rules for policy instruments including carbon taxes, transfers and energy subsidies, we then...

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,...

Im Jahr 2000 verabschiedete die rot-grüne Koalition das Erneuerbare-Energien-Gesetz (EEG) und betrachtete Deutschland damit als internationalen Vorreiter im Bereich der erneuerbaren Energien. Im März 2024 initiierte die Ampelkoalition das Förderprogramm Klimaschutzverträge und sah darin...

Auf der UN-Klimakonferenz in Paris 2015 wurde beschloßsen, in der zweiten Hälfte des 21. Jahrhunderts das Stadium der Klimaneutralität zu erreichen. Dies ist aber nur dann möglich, wenn Maßnahmen für den Klimaschutz nicht auf einzelne Länder konzentriert bleiben. Um die nationale Ebene zu...

This study exploits the installation-level inclusion criteria of the European Union Emissions Trading System (EU ETS) to investigate the policy's causal effect on outbound foreign direct investment (FDI) decisions of German multinational firms. Difference-in-differences with bias-corrected...

In this paper, we acknowledge that the mitigation of and adaptation to climate change have differential fiscal impacts. Whereas mitigation typically raises fiscal revenues, adaptation is costly to the taxpayer and to a greater extent the more distortionary the tax system is. In an OLG model with...

Germany is struggling to meet its 2020 greenhouse gas (GHG) emission and climate goals. Against this background, we analyze the current draft National Energy and Climate Plan (NECP) that sets out how Germany aims to achieve its national and European climate goals by 2030. We introduce the...

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...