We build a general equilibrium model to study how climate transition risks affect energy prices and the valuations of different firms in the energy sector. We consider two types of fossil fuel firms: incumbents that have developed oil reserves they can extract today or tomorrow, and new entrants...

A key element in the transition to net zero carbon emissions is increasing the use of renewable energy, especially wind and solar energy, and scaling up energy storage sustainably to enable their greater use. This paper discusses the advantages and challenges of scaling up renewable energy...

This paper evaluates the impact of the Café Lumière project launched by the NGO Électriciens sans frontières to address the lack of reliable electricity access in rural Madagascar. The project integrates solar-powered micro-grids and energy platforms to provide affordable electricity and...

We study Germany's photovoltaic (PV) subsidy program, estimating a dynamic model of new technology adoption which accounts for heterogeneity in residential ownership structures. We find that homeowner and landlord investors heavily discount future benefits, highlighting the suboptimality of the...

I study the role of green research and development (R&D) subsidies under different environmental policies. Using a stylized equilibrium model calibrated to the European electricity sector, I analyze the effects of R&D subsidies under (1) an emission tax, (2) an emission cap, and (3) no...

In summer 2023, the EU entered a strategic raw materials partnership with Chile. While the EU is seeking to gain better access to critical raw materials such as lithium and copper, Chile is aiming to diversify its raw materials sector and boost local value creation. Despite progress having been...

This paper explores algorithmic collusion from both legal and economic perspectives, underscoring the increasing influence of algorithms in firms' market decisions and their potential to facilitate anti-competitive behaviour. By employing bandit algorithms as a model-typically used in uncertain...

As the world transitions towards a low-carbon economy, understanding the employment implications of renewable energy growth is crucial, particularly in emerging economies like the BRICS nations, where energy demand and employment pressures are rapidly evolving. The justification for this study...

The search for and use of green energy sources is an important course of action for the European Union (EU). The paper compares the 13 EU countries that acceded to the EU in 2004 and afterwards in terms of the level of renewable energy use. The primary indicator used to assess the use of...

The integration of the concept of environment, social, and governance (ESG) into trade and investment to contribute to the Sustainable Development Goals (SDGs) is becoming a new consensus. ESG considerations are becoming crucial in national and regional policies for sustainable development...