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 … potentially extract tomorrow. There are also renewable energy firms that produce emission-free energy but cannot currently serve …

renewable energy. Apart from China - an established player in the market - it has increasingly been Gulf countries that have … global politics. Simultaneously, the dynamics also exemplify the growing number of energy and geopolitical dynamics over … intra-Asian dynamics are gaining importance, Germany and the EU risk being marginalised in matters concerning energy …

The Western Balkan (WB) countries, with the exception of Albania, generate most of their energy from lignite, which … contributes to the highest levels of air pollution in Europe. Energy shortages and high electricity costs are major issues in the … the Paris Agreement, leading to potential delays in EU accession negotiations. The transition to renewable energy sources …