The allocation of free allowances for firms belonging to the carbon leakage list of the European Union Emissions Trading Scheme (EU ETS) was found to lead to substantial overcompensation, which is why some stakeholders recently have called for a phasing out of free allowances in the near term....

Der Klimawandel führt zum einen dazu, dass extreme Witterungsverhältnisse, wie sehr starker Niederschlag im Winter und Frühjahr und damit mögliche Überflutungen, sowie sehr heiße Sommer mit wenig Niederschlägen zunehmen werden. Zum anderen hat der Klimawandel Auswirkungen auf die...

Die Klima-Konferenz in Bali ist zu Ende, der Weg zu einem neuen internationalen Klimaabkommen aber alles andere als klar. Doch schon heute steht fest: Die massive Absenkung der weltweiten Treibhausgasemissionen wird sich durch strikte Vorgaben allein wohl kaum erreichen lassen - dazu sind die...

Der Klimawandel ist kaum noch aufzuhalten, so dass auch in Deutschland immer häufiger mit extremen Klimaereignissen zu rechnen sein wird. Klimasimulationsmodellen zufolge sind die Auswirkungen regional jedoch sehr ungleich verteilt. So wird die Oberflächentemperatur zwar in nahezu allen...

This paper reviews the effect of natural disasters on human mobility or migration. Although there is an increase of natural disasters and migration recently and more patterns to observe, the relationship remains complex. While some authors find that disasters increase migration, others show that...

The powerful typhoon Haiyan that swept across the Philippines is one of the strongest storms ever to make landfall, cut a path of destruction through several central islands, causing scores of people dead. The disaster's full impact is still revealing as the entire country has been caught in a...

The European Union is currently making significant strides to lead on green finance and align its financial system with its climate, sustainability and clean energy ambitions. To this end, the European Commission presented three legislative proposals on sustainable finance in May 2018. One of...

Environmental degradation and the risks from climate change have strengthened the need for cleaner forms of economic growth. Using patent, trade and output data, we measure the current size of Asia's low-carbon economy and assess its competitiveness across key sectors. We look at three success...

The historical increase in emissions is for one-fourth attributable to the growth of emissions per person, whereas three-fourths are due to population growth. This striking evidence is not represented in the majority of climate-economic studies, which mostly neglect the environmental...

Literature on climate change and extreme events has found conflicting and often weak results on the evolution of economic damages related to natural disasters, although climate change is likely to bring about an increase in their magnitude (Van Aalst, 2006; IPCC, 2007, 2012). These studies usually...