Central banks worldwide are stepping up actions in relation to climate change and taking on an increasingly important role in supporting the energy transition. Given the prominent role that central banks play in the financial markets and in influencing financing conditions, they can act as a...

In a parsimonious two-sector general equilibrium model, we challenge the widely-held tenet that within a cap-and-trade system renewable energy policies have no effect on carbon emissions. If the cap does not capture all sectors, we demonstrate that variations of a renewable energy subsidy change...

We develop new theory pertaining to institutional determinants of renewable-energy usage across countries and over time. Building on key strands of the comparative capitalisms literature, we introduce new hypotheses relating to the 2009 Directive from the European Union (EU) on energy...

In this chapter we review research that rejects the widely held tenet that renewable energy promotion policies have no effect on carbon emissions if the electricity sector is subject to a cap-and-trade scheme. Specifically, it shows that such policies generally do have a net impact on carbon...

Many advanced industrialized countries have, in recent years, experienced a significant expansion of electricity production from renewables. Yet we know quite little about the dynamics of the underlying policy choices in this area. Using new data on adoptions and changes in feed-in tariff and...

With a focus on the guarantees of origin certificates market, we describe the financial aspects of originating Asset-Backed Tokens in effectively mobilising funds to sustainable infrastructure investments. As economic disintermediation challenges energy regulation, it is of great significance to...

Over the last years EU energy policy has strongly focused on the development of renewable energy, also through the adoption of a dedicated 2020 target. But is the EU currently on track to meet this target? With this article, FEEM energy analysts Manfred Hafner and Simone Tagliapietra aim to...