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...

Johannes Heister/Peter Michaelis und andere: Umweltpolitik mit handelbaren Emissionsrechten. Möglichkeiten zur Verringerung der Kohlendioxyd- und Stickoxydemissionen. Kieler Studien, Verlag J. C. B. Mohr, Tübingen 1991. 292 Seiten, 79 DM (broschiert), 99 DM (gebunden)

Relative prices determine competitiveness of different locations. In this paper, we focus on the role of regulatory differences between Germany and other EU countries which affect the shadow price of carbon emissions. We calibrate a Melitz-type model, extended by firms’ emissions and abatement...

The reduction of greenhouse gas (GHG) emissions, in particular CO2, is a major objective of the German energiewende. There has been broad consensus on this goal for many years now - in contrast to the continuing discussion over the proposed shutdown of Germany’s nuclear power plants. The...