As an essential component for economic growth, energy has a significant impact on the global economy. The need to meet growing energy demand has prompted cutting-edge innovation in clean technology in an attempt to realise environmental and cost objectives, whilst ensuring the security of energy...

This timely Handbook reviews many key issues in the economics of energy and climate change, raising new questions and offering solutions that might help to minimize the threat of energy-induced climate change.

Grid optimization, capacity increases, and grid expansion all play a key role in the development of the German power generation system. Thanks to transmission system operators’ foresightedness with regard to grid planning, as well as generous financial incentives related to grid expansion,...

Requirements for the electricity network in Germany increased in recent years due to the energy transition. The utilization of existing infrastructure applying so called congestion management becomes more important. Regional pricing might help to set the right incentives for generation...

In Anbetracht des Klimawandels stehen wir vor großen Herausforderungen, Mittel und Wege zu finden, die Emissionen von Treibhausgasen wie Kohlendioxid (CO2), Methan (CH4) und Lachgas (N2O) zu reduzieren beziehungsweise diese Gase aus der Atmosphäre zu entfernen. Es wird verstärkt diskutiert,...

Achieving the objectives of the German governments 2010 Energy Concept and the accelerated phase-out of nuclear energy will require significant investment in restructuring energy supply. In particular, this includes investment in installations for the use of renewable energy sources in the power...

One of the most pressing public priorities in Germany at present is how to organize the energy transition. However, the cost of stabilizing the financial sector as well as the fiscal pact and the debt brake mean that the government has limited financial resources. Consequently, the availability...

The increased wind energy supplied to many electricity markets around the world has to be balanced by reliably ramping units or other complementary measures when wind conditions are low. At the same time wind energy impacts both, the utilization of thermal power plants and the market prices....