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This paper aims at characterizing the conditions of wind power deployment in order to infer a carbon price level that …. Electricity price impact is not visible. The investment cost impact is not significant either, but the effect of the interest rate …/MWh of support in addition to electricity price is needed to observe the connection of new turbines to the grid with a 0 …
Persistent link: https://www.econbiz.de/10010476202
Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to …. We assume that the certificate price is determined by the expected marginal CO2 abatement costs prevailing at the current … abatement costs may occur leading to shifts in the price level. The aim of the work is to model the erratic changes of the …
Persistent link: https://www.econbiz.de/10003747872
In this paper, we propose a comprehensive Public Choice framework to identify and categorize barriers to efficient public climate adaptation. Specifically, we distinguish three dimensions of public adaptation: extent, structure (form and timing) and organisation (vertical and horizontal). Within...
Persistent link: https://www.econbiz.de/10011455349
In order to achieve the climate protection goals in the building sector, a higher rate of building refurbishment is necessary to improve the energy standard of residential building stock in the European Union. Although subsidisation seems to be necessary, optimal measures concerning cost...
Persistent link: https://www.econbiz.de/10009506543
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...
Persistent link: https://www.econbiz.de/10011418012
investment and public financial support. Establishing a clear carbon price in all sectors of the economy and phasing out …
Persistent link: https://www.econbiz.de/10009690913
The option of adapting to climate change is becoming more important in climate change policy. Hence, responding to climate change now involves both mitigation to address the cause and adaptation as a response to already ongoing or expected changes. These changes are also of relevance for the...
Persistent link: https://www.econbiz.de/10010426488
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...
Persistent link: https://www.econbiz.de/10012103360
Taxation of CO2 emissions is expected to exert a strong upward effect on aggregate price development. Therefore, the …. This serves to avoid excessive secondary reactions from wage development, price setting and monetary policy, as seen in the … wake of the energy crisis, and to ensure an employment-oriented macroeconomic policy with price stability. …
Persistent link: https://www.econbiz.de/10014511831
Deutschland sah sich lange als Vorreiter in der Klimapolitik. Die Bilanz ernüchtert allerdings. Die klimapolitischen Ziele werden zum großen Teil nicht erreicht, und die gesellschaftlichen Kosten der umweltpolitischen Maßnahmen sind sehr hoch. Die Ineffektivität und Ineffizienz der...
Persistent link: https://www.econbiz.de/10012313592