The increase of fuel extraction costs as well as of temperature will make it likely that in the medium-term future technological or political measures against global warming may be implemented. In assessments of a current climate policy the possibility of medium-term future developments like...

We study the effectiveness of climate change policy in a model with multiple non-renewable resources that differ in their carbon content. We find that, when allowing some time between announcement and implementation of a cap on carbon dioxide emissions, emissions from non-renewable energy...

This article exploits both the crude oil price surge consecutive to the invasion of Ukraine and 2022 fuel excise tax rebates in France as quasi-natural experiments to infer the price sensitivity of fuel demand. Based on granular individual bank account data at the transaction level, we properly...

Hurricanes disrupt oil production in the Gulf of Mexico because producers shut in oil platforms to safeguard lives and prevent damage. We examine the effects of these temporary oil supply shocks on real economic activity in the United States. We find no evidence that temporary oil supply shocks...

In this paper, we assess whether and to what extent financial activity in the oil futures markets has contributed to destabilize oil prices in recent years. We define a destabilizing financial shock as a shift in oil prices that is not related to current and expected fundamentals, and thereby...

Seit 2021 steigen die Energiepreise kräftig an. Mit Beginn des russischen Kriegs gegen die Ukraine sind sie noch einmal in die Höhe geschnellt. Neben Lieferkettenstörungen und Exportrückgängen dämpft das die wirtschaftliche Entwicklung, Konjunkturprognosen wurden deutlich nach unten...

This paper aims to understand the gas-pricing mechanism in the major markets and hence draw implications for gas-pricing reform in Asia. It adopts the bootstrap sub-sample rolling-window Granger test to investigate the causality between crude oil and natural gas prices. Unlike the estimations...

The transition to sustainable energy requires an assessment of drivers of the use of clean and dirty fuels for cooking. Literature highlights the importance of access to modern fuel for switching from dirty fuels. Though access to cleaner fuels such as electricity promotes clean fuel use, it...

Despite complete electrification in Kazakhstan and the Kyrgyz Republic, the reliance on coal for heating residential spaces is high. Using microdata from the national household surveys from Kazakhstan in 2017 and the Kyrgyz Republic in 2016, this study examines the factors affecting residential...