Many countries, especially in Europe, have ambitious goals to transform their national energy systems towards renewable energies. Technological change in both renewable production and efficient use of energy can help to make these targets come true. Using a panel of German firms linked to the...

Due to the size and structure of its economy, Germany is one of the largest carbon emitters in the European Union. It is responsible for approximately 800 million tons of carbon dioxide (CO2) emissions annually, accounting for about one-fourth of European Union (EU) greenhouse gas emissions....