Current policies focus on reducing CO2 emissions, neglecting the existence and impact of other air pollutants such as NO2, NH3, NMVOC, PPM10, PPM2.5, and SO2. We devise a strategy to model those emissions and related social cost accounting for diverging social and private discount rates in an...

Energy system and power market models refrain from distinguishing between private and social discount rates. We devise a strategy to account for diverging private and social discount rates in intertemporal optimization frameworks, resulting in an optimal carbon tax above the marginal damage when...

Decarbonization requires the transformation of power markets towards renewable energies and investment costs are decisive for the deployed technologies. Exogenous cost assumptions cannot fully reflect the underlying dynamics of technological change. We implement divergent learning-by-doing...

Energy efficiency and short-term demand response are key issues in the decarbonization of power markets. However, their interaction and combined impact on market prices as well as on the supply side, is yet to be understood. We develop a framework to implement investments in energy efficiency...

Veronika Grimm, Technische Universität Nürnberg, und Axel Ockenfels, Max-Planck-Institut zur Erforschung von Gemeinschaftsgütern, Bonn, kritisieren das aktuelle Strommarktdesign in Deutschland, das durch staatliche Eingriffe und fehlende Anpassungen an ein dezentrales Stromsystem ineffizient...

Was bringt die Europäische Union (EU) dem Wirtschaftsstandort Deutschland? Dieser Beitrag berechnet anhand unterschiedlicher politischer Szenarien den Vorteil in Form von geringeren Strom- und CO2-Preisen einer europäischen Kooperation beim Klimaschutz sowie beim Ausbau des internationalen...

Electricity markets are prone to the abuse of market power. Several US markets employ algorithms to monitor and mitigate market power abuse in real time. The performance of automated mitigation procedures is contingent on precise estimates of firms' marginal production costs. Currently, marginal...

Some electricity markets use automated mitigation procedures against market power abuse. This requires marginal cost estimates, which have to be derived from observed auction bids. Current stimation procedures can be improved by using available auction data more systematically. Our redesign...

Market integration is seen as a complementary measure to decarbonize energy markets. In the context of power markets, this translates into regions that coordinate to maximize welfare in the power market with respect to a climate target. Yet, the maximization of overall welfare through...

Dieser Beitrag aus der »Kurz-zum-Klima«-Reihe beschreibt die Pläne und den aktuellen Stand des Ausbaus der Übertragungsnetze in Deutschland.