Individuals trade present for future consumption across a range of economic behaviors, and this tradeoff may differ across socioeconomic groups. To assess these tradeoffs, we estimate a dynamic model of residential solar adoption and system sizing in California using household-level data on...

The energy transition is a major challenge for both Germany and France. This Weekly Report provides an overview of the short- and long-term goals as well as current developments and trends in France’s energy and climate policy. It reveals that France is largely on track with its greenhouse...

We study the effect of energy and transport policies on pollution in two developing country cities. We use a quantitative equilibrium model with choice of housing, energy use, residential location, transport mode, and energy technology. Pollution comes from commuting and residential energy use....

We study the effect of energy and transport policies on pollution in two developing country cities. We use a quantitative equilibrium model with choice of housing, energy use, residential location, transport mode, and energy technology. Pollution comes from commuting and residential energy use....

Policies to address climate change and the energy transition are increasingly gaining ground. However, a large body of research has mainly focused on the efficiency aspect of different instruments rather than their unintended side-effects. Only recently, both policymakers as well as researchers...

In the aftermath of the Russian invasion in Ukraine and rising gas prices, the "gas Price brake" was implemented in Germany. We employ a difference-in-differences Approach and analyze data on offered gas contracts from two countries with comparable gas markets, where one country (Germany) has...

The article presents the energy policy of the European Union (EU) in light of its latest strategy, called the European Green Deal. The article is of particular importance to answer two main questions: What was the importance of two energy packages in the EU energy policy, i.e., the fourth and...

Renewable energy sources play an essential role in the broader context of environmental protection and the fight against the effects of climate change. At the European level, the need to increase the proportion of energy generated by renewable resources is formalised through the Renewable Energy...

The planet's resources are finite and must be used rationally and responsibly to ensure a sustainable economy. On the basis of modern innovations and technologies, new sources of consumption or new ways to reduce the environmental impact of consumption can be found. Changes in the external...

Energy security is recognized as a key element for the successful functioning of an entire energy system. However, the perception of energy security is contextual and there is no universally accepted definition of the concept. The current global concerns about climate change, human welfare and...

The Asian disease problem has long been studied since first introduced by Tversky and Kahneman in 1981. This study explores the mechanics of the Asian disease problem to a scenario reflecting deaths attributed to climate change. The study examines the gain/loss frame setup of the Asian disease...

The "Zeitenwende" in international politics implies a need to improve strategic thinking and better prepare for future challenges. Germany is already doing so by drafting strategic documents on national security and relations with China. With respect to Russia, a similar approach suggests...

One of the cornerstones to reach a decarbonised energy system by 2050 is the inclusion of a set of flexibility solutions into the energy system to cover the need for flexibility on all timescales. Such flexibility services can come in different ways such as sector coupling, energy storage,...

The aim of this study was to analyse energy subsidies and other financial support distributed in the EU27, at the national level, over the period 2015 to 2022 and, when data is available, to 2023. Quantitative analyses of the volume (in euros) and trends of subsidies are provided, with the...

The aim of this study was to analyse energy subsidies and other financial support distributed in the EU27, at the national level, over the period 2015 to 2022 and, when data is available, to 2023. Quantitative analyses of the volume (in euros) and trends of subsidies are provided, with the...

The demand for critical minerals is rising in support of the low-carbon energy transition, as well as global economic growth. Despite its hostile environment, the Arctic is a region with historic and existing mineral production. This paper assesses the potential of the Arctic to make a...

We study the aggregate, distributional, and welfare effects of fiscal policy responses to Germany’s energy crisis using a novel Ten-Agents New-Keynesian (TENK) model. The energy crisis, compounded by the COVID-19 pandemic, led to sharp increases in energy prices, inflation, and significant...

Mit der Wiederwahl von Donald Trump zum US-Präsidenten steht die amerikanische Energie- und Klimapolitik erneut vor einem fundamentalen Einschnitt. Während Trumps Vorgänger Joe Biden mit Investitionsprogrammen wie dem Inflation Reduction Act den klimafreundlichen Umbau der Wirtschaft...

Industrial policy has a long history, having been used by many governments to encourage economic development through the provision of direct financial support and/or supportive regulations to specific sectors and industries. Over the past decade, the energy transition has increasingly forced...

Russia’s invasion of Ukraine in 2022 was accompanied by a significant reduction of its gas supply to Europe, causing sharp energy price surges and prompting governments to respond with public appeals and programs aimed at reducing consumption. This paper investigates the effects of price...

We construct a New-Keynesian E-DSGE model with energy disaggregation and financial intermediaries to show how energy-related fiscal and macroprudential policies interact in affecting the euro area macroeconomy and carbon emissions. When a shock to the price of fossil resources propagates through...