The recent implementation of the EU Emissions Trading Scheme (EU ETS) in January 2005 created new financial risks for emitting firms. To deal with these risks, options are traded since October 2006. Because the EU ETS is a new market, the relevant underlying model for option pricing is still a...

Die Zahlen zur deutschen Staatsverschuldung sind zunehmend unvollständig, weil sie die auf Deutsch- land entfallenden Verpflichtungen für wachsende EU-Schulden ausblenden. Nach Auszahlung aller Mittel aus dem Corona-Wiederaufbauplan Next Generation EU (NGEU) beläuft sich der deutsche...

The transformation of economy and society requires far-reaching technological and social innovations. To utilise the economic opportunities of transformation and to mitigate the negative effects of structural change, a determined transformation-oriented R&I policy is needed. Using the example of...

Few policies have been as heavily criticised as European agricultural policy. Consequently, since its establishment in 1962, it has been in a continuous process of reform, encompassing six major reforms in the last 30 years alone. The central question arises: What is the logic behind the endless...

With its Industrial Carbon Management Strategy, the European Commission has defined an initial framework for the future promotion of CO2 capture, storage and use in the EU. In particular, negative emission technologies like direct air capture promise to play a key long-term role on the path...

The article describes the reform path of the EU's Common Agricultural Policy (CAP) since 1992. The largest share of agricultural subsidies in Germany (€7.2 billion) is granted through the CAP with significant room for manoeuvre in terms of content. Between 1992-2013, the old, protectionist CAP...

Since the coronavirus pandemic and Russia's war of aggression against Ukraine, faltering globalisation and logistics problems have been challenging the agricultural and food industry. EU production and trade developments are presented and the possible consequences for EU agricultural policy are...

This article examines the hydrogen partnerships between Germany, the EU and Egypt in the context of the EU's Carbon Border Adjustment Mechanism (CBAM). Germany, the largest future hydrogen importer in the EU, and Egypt, a country with an ambitious hydrogen strategy, are developing a partnership...

The European Union (EU) has pursued an ambitious agenda for regulating the digital economy, and it is now planning to establish a new package of regulations, including the Digital Markets Act (DMA), the Digital Services Act (DSA), and a new regulation of Artificial Intelligence (AI). These...

This study undertakes a comprehensive review of proposed and adopted defensive trade policy instruments in the EU, with the purpose of better understanding their design, functioning, and implications. The study covers eight policy instruments at different stages of development. These are:...