This paper will put forward a number of economic considerations raised by the Russia-Ukraine conflict with the external strong participation, on the side of the latter, of the United States and its NATO allies. We begin with some observations regarding the United States, followed by the...

Low carbon hydrogen (whether based on renewable or nuclear electricity, or fossil fuels with carbon capture) is a means to decarbonise sectors of the economy which are hard to electrify. Its business model is heavily dependent on government intervention (e.g. mandatory targets, subsidies,...

The premium on "on-the-run" Treasuries (i.e. the most recently issued ones) is an anomaly. I explain it using a model in which primary dealers hold inventories of Treasuries. Primary dealers are more likely to hold large inventories of on-the-run Treasuries. There is also less variation across...

Derzeit verschärft sich der Wettbewerb um die CO2-Abscheidung und ‑Speicherung sowie ‑Nutzung (CCS/CCU). Bislang (noch) von Nordamerika dominiert, sind es nun insbesondere Akteure im Großraum Asien - von Saudi-Arabien bis Japan -, die diese Technologien vorantreiben. In deren sich...

The competition for carbon capture, storage, and utilisation is intensifying. Historically dominated by North America, the lead in this technology is now being seized by key players across Asia - reaching from Saudi Arabia to Japan. Unlike traditional energy (transition) geopolitics, this new...