Ergänzend zu den Beiträgen, die im ifo Schnelldienst Nr. 7/2007 zum Klimawandel veröffentlicht wurden, legen Ottmar Edenhofer, Christian Flachsland und Thomas Bruckner, Potsdam-Institut für Klimafolgenforschung, dar, welchen Beitrag Deutschland zur Lösung des Weltklimaproblems ihrer Meinung...

The central pillar of European climate policy, the European Emissions Trading System (EU ETS), is currently under scrutiny, as the allowance price is persistently low at around 5€/tCO2. The cap was met and emissions actually declined in recent years, ensuring the environmental effectiveness of...

Long-term commitment is crucial for the dynamic efficiency of intertemporal cap-and-trade programs. Discretionary interventions in such programs could destabilize the market, and necessitate subsequent corrective interventions that instigate regulatory instability (Kydland and Prescott, 1977)....

Germany has an ambitious climate target for 2030 that cannot be achieved without reducing the high share of coal in power generation. In the face of this, the country has set up a commission to phase out coal. A UK-style carbon price floor is one of the options being considered. Yet implementing...