Part I of this two-part paper has presented flow-based market coupling (FBMC), the implicit congestion management method used to couple the CentralWestern European (CWE) electricity markets. It has also introduced a large-scale model framework for FBMC assessments, focusing on modeling the...

This paper proposes a Transit Risk Index (TRI) designed to assess the riskiness of pipeline gas imports and to study the effect of introducing new gas routes. TRI controls for gas dependency, transit route diversification, political risks of transit, pipeline rupture probability, and the balance...

Current debate on the energy security in the EU often stresses the EU dependency on gas imports from Russia. However, Russia is no less dependent on the EU – more than half of its gas exports goes to Europe. The purpose of this paper is to characterize this mutual dependency through an...

We explore the history and current status of green energy finance in Australia and New Zealand. Although both countries have enviable renewable energy resources with a 100% renewable mix considered feasible, the two countries present highly contrasting contexts for energy finance. Currently, and...

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...

Gegenstand dieser Arbeit sind die Auswirkungen der Liberalisierung der europäischen Strommärkte. Einen Schwerpunkt bildet dabei die Beschreibung des deutschen Marktes, wobei den Schwierigkeiten der Stadtwerke ein eigener Abschnitt gewidmet ist. Diese Unternehmen stehen seit der völligen...

It can be argued that one way to reduce the dependence from external energy sources, is simply to reduce the demand for energy. Energy savings may thus be considered a policy priority when concerns for energy security are particularly strong. Drawing on an original econometric approach, we check...

Emissions of greenhouse gases linked with global climate change are affected by diverse aspects of economic activity, including individual consumption, business investment, and government spending. An effective climate policy will have to modify the decision calculus for these activities in the...

Because of the global commons nature of climate change, international cooperation among nations will likely be necessary for meaningful action at the global level. At the same time, it will inevitably be up to the actions of sovereign nations to put in place policies that bring about meaningful...

This paper provides ex-post empirical evidence on the effects of green technology support policies, in comparison with other climate policies, on carbon dioxide emissions at the aggregate national level. The paper uses cross-country dynamic panel estimation for a sample of 38 countries over the...