We propose a new instrument for estimating the price elasticity of gasoline demand that exploits systematic differences across U.S. states in the pass-through of oil price shocks to retail gasoline prices. These differences, which are primarily driven by variation in the cost of producing and...

Kohlekraftwerke verursachen etwa ein Drittel des Kohlendioxidausstoßes in Deutschland. Wird das weiterhin hohe Niveau der Kohleverstromung zukünftig nicht gesenkt, sind nicht nur die deutschen Klimaschutzziele für die Jahre 2020 und 2050 gefährdet, sondern auch die nachhaltige Energiewende....

Coal-fired power stations are responsible for around a third of Germany's carbon emissions. Failure to reduce the persistently high level of coal-fired power generation threatens Germany's climate targets for 2020 and 2050 and undermines a sustainable energy transition. Calculations by DIW...

The objective of this study is to analyze the economic, political and strategic implications of the discovery of huge oil and gas reserves in the presalt provinces in 2006. For this purpose we present the main challenges that must be confronted to make sure that the presalt cycle will contribute...

Kohlekraftwerke verursachen etwa ein Drittel des Kohlendioxidausstoßes in Deutschland. Wird das weiterhin hohe Niveau der Kohleverstromung zukünftig nicht gesenkt, sind nicht nur die deutschen Klimaschutzziele für die Jahre 2020 und 2050 gefährdet, sondern auch die nachhaltige Energiewende....

This survey of recent developments includes reports updating continuing controversies regarding foreign poaching in Australian fisheries and whaling in the Southern Ocean, as well as significant changes to Australian policy and procedure regarding illegal immigration by sea. Among the cases...

Over the last decade, the Canadian government has not managed to produce a comprehensive climate change statute and has failed to adequately consider the constitutional implications of doing so. The Clean Air Bill, an unsuccessful 2006 amendment to the Canadian Environmental Protection Act...

Oil price fluctuations, concerns over the division of resource revenues, and unconventional oil and gas developments are forcing governments to confront the same issue: how to design optimal royalty and corporate tax systems that bring in a publicly acceptable share of revenues without...

We investigate write-downs of assets of oil and gas firms due to the application of the SEC full-cost ceiling test during the period of the largest decline in oil and gas prices since this test was mandated. The correlation between the write-down amounts and contemporaneous returns is...