In this work, we propose an analysis of the global market for crude oil based on a revised version of the Structural Vector Autoregressive (SVAR) model introduced by Kilian and Murphy (2014). On this respect, we replace the global proxy for above-ground crude oil inventories with the oil...

Decisions on climate change and nuclear policies are likely to have major influences on the future evolution of the Swiss energy system. To understand the implications of selected future policy decisions, we analyse the development of the Swiss energy system with a bottom-up technology-rich...

Die ausreichende und beständige Verfügbarkeit von Energie ist für hoch entwickelte Industrieländer eine unabdingbare Voraussetzung für ihre wirtschaftliche Entwicklung. Das gilt für alle Bereiche einer modernen Volkswirtschaft, angefangen vom Produktionssektor über den Transport- und den...

This article explores the interactions between direct and embodied energy requirements of households in Switzerland in order to assess the net impacts of standard energy policies focusing exclusively on direct energy use. For this purpose, we estimate direct and embodied energy demand of Swiss...

In this article, we investigate the heterogeneity in household electricity demand in Switzerland. We use a quantile regression approach in order to assess the impacts of electricity prices, income and other socio-demographic characteristics across consumer groups with increasing energy...

The prevalence of energy poverty as a major challenge in numerous countries, the escalating energy crisis that generates supply fears and increased prices, and the need to build just supporting mechanisms within the net zero energy transition add impetus to improving our ability to accurately...

Although coal plants in some countries are actively being retired ahead of their planned closure dates, there is yet to be sufficient clarity on which business model(s) might help to achieve this at scale. Policy-based and market-led closures, buyout of coal plants, auctioning them off,...

Following four years of relative stability at around $105 per barrel, oil prices have declined sharply since June 2014. This paper presents a comprehensive analysis of the sources of the recent decline in prices, and examines its macroeconomic, financial and policy implications. The recent drop...

Since the early 1970s there has been a worldwide upsurge in the price of energy and in particular of gasoline. Therefore, demand functions for energy and its components like gasoline have received much attention. However, since confidence in the estimated demand functions is important for use in...

The effects of extreme weather events, such as heat waves and droughts, are taken into account in both global and European policies. Accordingly, the protection of critical infrastructures and in particular, the resilience of the energy sector was the subject of intense research. There are...