The state budget crisis in the Eurozone has raised the issue of international trade imbalances prevailing in Europe. Whereas Germany holds a strong trade surplus other neighbouring countries show a deep trade deficit. The result is that some economies in Europe have built-up high debts in order...

Declared in 2010 as a UNESCO world heritage site, the overseas French Region of La Reunion – Reunion Island – has adopted a strategy for sustainable development which aims to attain energy autonomy by 2030. With currently half of the island’s power generated by coal-fired power plants,...

Using agent-based modeling, this study creates a global carbon trading simulation system, and simulates the global carbon trading market under different scenarioes. To evaluate the effect of quota-based carbon emission permits trading mechanism globally, this article constructs a carbon trading...

The use of renewable energy (RE) sour ces plays a significant role in increa sing the security of energy supply and mitigating climate change. Whereas this role is und isputed, there is an ongoing discussion about the employment impacts of promoting RE deployment. So far no common methodological...

The current state budget crisis in the EU and the numerous futile efforts to solve the problem has brought back the fraction of people that argument in favour of an exit strategy of Germany from the ECU or even the break-up of the ECU in total. The path to the ECU was long and mainly politically...

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Developed countries are investing a considerable amount of financial resources on active labour market programs such as training schemes, employment subsidies and public sector job creation, aiming to tackle the problem of persisting unemployment. Along with their rising efforts in this field,...

Several times a year, OPEC hosts conferences with its members to review oil fundamentals and decide on production quota adjustments. The organization meets behind closed doors, but the opening meeting is open to the press and usually fuels market speculation on which agreement concerning oil...

Most of Basel II and III financial regulations are based on data, treated in a statistical mindset. While regulators call for forward-looking risk management, they suggest no time-based modeling approach. In macroeconomic catastrophes modeling, this is a great setback. This paper reports the...

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