This study analyzes the extent to which electricity consumers of different income levels would increase electricity consumption and change their coping behavior to deal with power outages in response to electricity reliability improvements. The empirical analysis is conducted in two steps: (1)...

The global energy crisis that began in fall 2021 and the following spike in energy price constitute a major challenge for the world economy which risks undermining the post-COVID-19 recovery. In this paper, we develop and validate a new macroeconomic agent-based model with an endogenous energy...

Investment by energy firms in innovation can have substantial economic and environmental impacts and benefits. Internal R&D is the main input and driver of the innovation process, but innovation involves other activities, including capital purchases and other current expenditures. While the R&D...

This paper provides a pan-EU mapping of energy affordability using energy expenditure shares for the first time. Large variations in energy expenditure shares across the EU are identified, with the shares being significantly higher in New Member States than the EU15. These variations indicate...

According to the ‘make-or-buy decision', transactions take place within firm boundaries when transaction costs are lower vis-à-vis the market. Analyzing EU Emissions Trading Scheme (EU ETS) transactions, this paper examines whether firms follow this make-or-buy principle by behaving...

Electricity from renewable sources often cannot be generated when and where it is needed. To deal with these temporal and spatial discrepancies, one frequently proposed approach is to expand storage capacities and transmission grids. It is often argued that the two technologies substitute each...

This paper aims to identify what determines the allowance transactions of energy firms on the European carbon market (EU ETS). We develop measures of their 'autarky' regarding the carbon market, their allowance hedging, and the allowance holdings which ensure optimal EU ETS compliance. Although...

Ethiopia’s energy sector faces critical challenges to meeting steadily increasing demand given limited infrastructure, heavy reliance on hydroelectric power, and underdevelopment of alternative energy resources. The main aim of this paper is to investigate an optimal least cost investment...

We conduct a hybrid scenario exercise to analyze decarbonization pathways of the European power market and related distributional effects across countries as well as between consumers and producers. Our CIB analysis reveals qualitative scenarios that differ in the level of political (stringency...

This paper examines the relationship between the EBRD's project portfolio in the Western Balkan energy sector, and the region's main energy and environment problems. It argues in favour of geographically centered appraisals of the environmental sustainability of multilateral energy investment....