In 2005, an EU-wide emissions trading scheme covering major CO2 producing sites shall come into power. The key objective of the trading scheme is to promote cost-efficiency of carbon reduction within the EU. We identify policy-relevant tradeoffs between overall efficiency, compensation and...

Hydrogen is often seen as a promising future energy carrier given the major reliance of today?s transport sector on finite fossil fuels. This working paper assesses the macroeconomic effects of introducing hydrogen as fuel in passenger transport within the framework of the computable general...

This paper focuses on dynamic interactions of equity prices among theoretically related assets. We explore the existence of intraday non-linearities in the FTSE 100 cash and futures indices. We test whether the introduction of the electronic trading systems in the London Stock Exchange in 1997...

With the end of China's 11th Five-Year Plan approaching, this paper analyzes sub-national governments' implementation strategies to meet national energy efficiency targets. Previous research focuses on the way governance practices and decision-making structures shape implementation outcomes, yet...

Vor dem Hintergrund der Debatte über die Steuerungsfähigkeit der EU befasst sich dieser Beitrag mit der Frage, welche Faktoren zu einer korrekten und pünktlichen Umsetzung von EU-Richtlinien beitragen. Er setzt sich mit der häufig vertretenen Misfit-These auseinander, gemäß der die...

Integrated Water Resources Management (IWRM) forms the widely accepted ecosystem approach to manage water and its related resources in a sustainable way. Nevertheless its implementation is still lacking behind, especially in developing and transition countries which are often short of essential...

What factors shape environmental policies across Europe? In order to answer this question most economists would probably adopt a Public Choice approach. This approach has explained some aspects of environmental policies that exist in a similar fashion across Europe convincingly. But why do many...

The authors assess the performance of the Structural Funds’ implementation system in six Member States of the European Union. Considering the strengths and weaknesses, they develop a reform model for the implementation of European structural policy after 1999. The strengths of the existing...