In view of pressing unemployment problems, policy makers across all parties jump on the prospects of renewable energy promotion as a job creation engine which can boost economic well-being. Our analytical model shows that initial labor market rigidities in theory provide some scope for such a...

This paper investigates the competition effects of the entry of Vattenfall into the German electricity market. While the competition authorities supported the entry by approving Vattenfall's acquisition of three regional utilities, other market participants raised concerns over the emergence of...

Seit der jüngsten Staatsschuldenkrise ist das europäische Zahlungsverkehrssystem TARGET2 aufgrund der angestiegenen TARGET2-Salden stark umstritten. Der zirkulierende Geldkreislauf von EU-Mitgliedstaaten innerhalb dieses Abwicklungssystems ist mit schlummernden Risiken verbunden. So sind die...

The contribution that no-lose target schemes for non-Annex I (NAI) countries could make to achieve the 2°C target is explored by accounting for the incentives of 18 NAI countries' participation in no-lose target schemes. Using various scenarios, it is shown that implementing uniform no-lose...

The impact of a global phase-out of nuclear energy is assessed for the costs of meeting international climate policy targets for 2020. The analysis is based on simulations with the Prospective Outlook on Long-term Energy Systems (POLES) global energy systems model. The phase-out of nuclear power...