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Estimating green premiums using internal carbon prices

Köveker, Till; Cremer, Philipp - 2026

Empirical evidence on price premiums for green intermediate products is scarce, especially for energy-intensive basic materials. Evidence on such green premiums is relevant, as they may affect companies incentives to invest in green production technologies. Moreover, green premiums are important...

Persistent link: https://www.econbiz.de/10015651309

Globalized consumption undermines efficiency-driven sustainability gains across planetary boundaries

Dobkowitz, Sonja; Kemfert, Claudia; Kriwoluzky, Alexander; … - 2026

Despite decades of ambitious environmental policy, German consumption has continuously exceeded planetary-boundary thresholds in six of seven environmental dimensions since 1995, with little improvement over time. Combining environmentally extended multiregional input–output tables with...

Persistent link: https://www.econbiz.de/10016060028

Industry transition to climate neutrality : comparing policy approaches in times of geopolitical fragmentation

Köveker, Till; Ballesteros, Fernanda; Klaucke, … - 2025

European climate policy was traditionally pursued in the expectation of global policy convergence, ensuring equal opportunities for domestic and foreign firms in achieving climate neutrality. However, increasing geopolitical fragmentation has disrupted this expectation. Across the globe,...

Persistent link: https://www.econbiz.de/10015374122

Prioritize to decarbonize : thermal retrofits, carbon prices, and energy inequality

Behr, Sophie M.; Kucuk, Merve; Longmuir, Maximilian; … - 2025

The energy crisis following Russia’s invasion of Ukraine exposed the heightened vulnerability of low-income households to rising heating costs, particularly those in energy inefficient buildings. Using data from the German Socio-Economic Panel (SOEP), this study examines the distributional...

Persistent link: https://www.econbiz.de/10015422067

Trade effects of direct and indirect carbon pricing policies

Kurz, Antonia; Rubínová, Stela - 2025

This study examines how policies affecting the cost of using fossil fuels in production influence comparative advantage in the industrial sector. Firstly, we use a fixed-effects gravity model to estimate the export capabilities that determine comparative advantage. Subsequently, using data on...

Persistent link: https://www.econbiz.de/10015422174

Clean production, dirty sourcing : how embodied emissions alter the environmental footprint of exporters

Köveker, Till; Richter, Philipp M.; Schiersch, Alexander; … - 2025

This paper revisits the exporter’s environmental premium (EEP) by incorporating emissions embodied in domestically and internationally sourced intermediate inputs. Combining administrative firm-level data and customs records for German manufacturers with an environmentally extended...

Persistent link: https://www.econbiz.de/10015422331

Who pays for climate policy? : distributional narratives and populist backlash

Gettins, Matilda; Meister, Lorenz - 2025

Populist parties increasingly deploy narratives of social injustice to portray climate policy as elitist and unfair. This paper investigates how such narratives affect public attitudes toward populism and democratic institutions. We conduct a survey experiment with approximately 1,600...

Persistent link: https://www.econbiz.de/10015451760

Global offshore wealth, 2001-2023

Faye, Souleymane; Godar, Sarah; Moura, Carolina; … - 2025

This paper constructs homogeneous time series of global household offshore wealth covering the 2001–2023 period, during which major international efforts were implemented to curb offshore tax evasion. We find that: (i) global offshore wealth remained broadly stable as a fraction of global GDP...

Persistent link: https://www.econbiz.de/10015559839

Sovereign vs. corporate debt and default : more similar than you think

Gopinath, Gita; Meyer, Josefin; Reinhart, Carmen M.; … - 2024 - This draft: March 2024

Theory suggests that corporate and sovereign bonds are fundamentally different, also because sovereign debt has no bankruptcy mechanism and is hard to enforce. We show empirically that the two assets are more similar than you think, at least when it comes to high-yield bonds over the past 20...

Persistent link: https://www.econbiz.de/10015051493

Global risk and the dollar

Georgiadis, Georgios; Müller, Gernot J.; Schumann, Ben - 2023

The dollar is a safe-haven currency and appreciates when global risk goes up. We investigate the dollar’s role for the transmission of global risk to the world economy within a Bayesian proxy structural vectorautoregressive model. We identify global risk shocks using high-frequency asset-price...

Persistent link: https://www.econbiz.de/10014438127