Economic theory suggests that with a pollution externality and learning spillovers related to renewable energy technologies, the optimal climate policy mix includes an emissions policy and an output subsidy to the learning industry. Instead of output subsidies, feed-in tariffs are often...

With the expansion of renewable energy sources (RES) in countries all over the world, policy design to address the negative impacts of RES plants on their local and regional environment gains in importance. We analyse whether policy design should be spatially-differentiated or uniform when...

Gute Klimapolitik muss kosteneffizient sein. Konkret bedeutet das, dass sie Unterschiede bei den Vermeidungskosten ausnutzen muss und dass sie die Vermeidung von Schadstoffen dorthin verlagern muss, wo die Kosten minimal sind. Der Emissionshandel ist ein ideales Instrument dafür. Er erlaubt...

In the fight against global warming, the reduction of greenhouse gas emissions is a major objective. In particular, a decrease in electricity generation by coal could contribute to reducing CO2 emissions. We study potential economic consequences of a coal phase-out in Germany, using a...