Bisher haben die USA im internationalen Klimaschutzprozess eher eine Bremserrolle gespielt. Der künftige US-Präsident Barack Obama hat nun aber einen Umschwung in der Klima- und Energiepolitik angekündigt. Er hat bereits den prominenten Physik-Nobelpreisträger Steven Chu als Energieminister...

Trotz des starken Rückgangs der Rohölpreise seit dem Herbst 2008 ist das Preisniveau mit gegenwärtig rund 60 US-Dollar pro Fass immer noch deutlich höher als im langfristigen Durchschnitt. Die Marktmacht der Organisation erdölexportierender Länder (OPEC) ist nach wie vor sehr groß und...

Die Beziehungen zwischen Russland und der EU im Bereich von Energie- und Klimapolitik sind seit einigen Monaten von zwei Phänomenen geprägt: Einerseits stellen sich für die EU Fragen bezüglich der Versorgungssicherheit mit Energieträgern. Die russische Regierung irritiert durch die...

The relations between Russia and the EU with respect to energy and climate policies have been characterized in recent months by two phenomena. On the one hand, the EU has to deal with questions regarding the security of energy supply. The Russian government's high-handed treatment of domestic...

In spite of the sharp decline of crude oil prices since the fall of 2008, the current price level of approximately $65 per barrel is significantly higher than the long-term average. The market power of the Organization of Petroleum Exporting Countries (OPEC), which is partially responsible for...

This timely Handbook reviews many key issues in the economics of energy and climate change, raising new questions and offering solutions that might help to minimize the threat of energy-induced climate change.

Natural gas makes a major contribution to European energy supply. Consequently, the political crisis between Russia and Ukraine increases fears of the consequences of Russia suspending natural gas supplies to Ukraine and the European Union. The last time this occurred was in the winter of 2009,...

This paper presents a model of the European natural gas supply, GASMOD, which is structured as a two-stage-game of successive natural gas exports to Europe (upstream market) and wholesale trade within Europe (downstream market) and which explicitly includes infrastructure capacities. We compare...

Natural gas is a significant contributor to European energy supply. Hence, the political crisis between Russia and Ukraine increases fears of the consequences of Russia suspending natural gas supplies to Ukraine and the European Union. The last time this had occurred was in the winter of 2009...