We analyze how conventional emissions trading schemes (ETS) can be modified by introducing ”clean-up certificates” to allow for a phase of net-negative emissions. Clean-up certificates bundle the permission to emit CO2 with the obligation for its removal. We show that demand for such...

Agri-environment-climate measures and organic farming support have been the main contractual instruments promoting environment-friendly agricultural practices in the European Union since the 90s. They are insufficient in reaching significant environmental improvements, partly because...

Results-based, collective action, value chain, and land tenure contracts are means to improve the management of agri-environmental public goods. The objective of this paper is to assess the understandability, applicability, and perceived economic benefit of each of these contract types by land...

The effectiveness of environmental policies has been extensively studied, often focusing solely on environmental degradation indicators. However, successful environmental policies have broader societal impacts. This study addresses this limitation by utilizing the Sustainable Governance...

Technology policy is the most widespread form of climate policy and is often preferred over seemingly efficient carbon pricing. We propose a new explanation for this observation: gains that predominantly accrue to households with large capital assets and that influence majority decisions in...

Cap and trade mechanisms enjoy increasing importance in environmental legislations worldwide. One of the important aspects of designing cap and trade mechanisms is the possibility of authorities to grant emission permits for free. Unlike analyzed in the seminal contributions on cap and trade...

Climate change has become relevant for central banks worldwide, but they are adopting their instruments at different speeds. This article compares the reactions of the Eurosystem with those of the other EU central banks. Do these central banks differ in their efforts to make their own policies...

Das Anlageverhalten der Deutschen ist sehr konservativ und führt in Zeiten niedriger Zinssätze zu geringen Renditen. Deshalb liegt es nahe, dass Vermögensbildung eines der Ziele der Staatsfonds-Modelle ist, die aktuell diskutiert werden. Vorgeschlagen werden primär an einem Zweck...

Die politische Zielsetzung der Klimaneutralität im Jahr 2050 bedarf einer effizienten Umsetzung. Das europäische Zertifikatesystem (EU-ETS) ist dazu allerdings nicht in der Lage und wird mit sehr hoher Wahrscheinlichkeit die notwendige Ausdehnung auf den Transportsektor und die privaten...

Staatliche Bestimmungen und Maßnahmen der Energiepolitik sind unterschiedlich mit den Zielen Versorgungssicherheit, Wirtschaftlichkeit und Umweltschutz vereinbar. Dabei stehen die internationalen, europäischen und nationalen Klimaschutzziele sowie die Instrumente für ihre Einhaltung im...