Economic theory suggests that energy subsidies can lead to excessive consumption and environmental degradation. However, the precise impact of energy subsidies is not well understood. We analyze a large energy subsidy: the California Alternate Rates for Energy (CARE). CARE provides a price...

Natural gas markets have undergone momentous changes, worldwide. This book updates and expands on the dynamics, performance and forward path of expanding natural gas use in the US and worldwide, including international trade. It brings together major research themes and findings with recent...

Im Jahre 1994 hat das DIW ein Szenario für eine ökologische Steuerreform untersucht. Dabei wurde die Einführung einer allgemeinen Energiesteuer unterstellt, deren Aufkommen zur Senkung bestehender Abgaben (insbesondere zur Senkung der Lohnnebenkosten der Arbeitgeber) verwendet werden sollte....

We estimate the causal impact of the EU Emissions Trading Scheme on manufacturing firms using comprehensive panel data from the German production census. Semiparametric matching estimators yield robust evidence that the policy caused treated firms to abate onefifth of their CO2 emissions between...