In order to ensure the long-term efficiency and security of electricity supply, improving the market and system integration of renewable energy sources (RES) is of increasing importance. First, the question is how to integrate RES into the regular allocation and remuneration mechanism of the...

Die Frage, ob Liberalisierung und Energiewende die Schaffung eines Kapazitätsmarkts zur Gewährleistung der Versorgungssicherheit notwendig machen, ist seit einigen Jahren Gegenstand kontroverser wissenschaftlicher und öffentlicher Debatten. Hintergrund hierbei ist zum einen, dass der Anteil...

Dieser Beitrag untersucht die Folgen einer polit-ökonomischen Betrachtung des europäischen Emissionshandels (ETS) für die ökonomisch optimale klima- und energiepolitische Instrumentenwahl. Die aus dem wirtschaftswissenschaftlichen Raum prominent vorgetragene Forderung, die energiepolitische...

In view of the failure of international negotiations on climate protection and the improbability of a trend reversal in the climate changes that have already occurred, the option of climate change adaptation is becoming more and more important in climate change policy. A large number of...

Angesichts erfolgloser internationaler Klimaschutzverhandlungen und einer kaum zu erwartenden Trendumkehr bereits eingetretener klimatischer Veränderungen gewinnt die Option der Anpassung an den Klimawandel immer mehr an klimapolitischer Bedeutung. Zahlreiche Länder haben durch die Konzeption...

The German energy transition repeatedly faces harsh critiques questioning its economic and environmental merit. This article defends the Energiewende and argues that Germany has chosen a rational and particularly forceful approach to securing sustainable energy supply. Though current...

It is often argued that energy policy is too fragmented across EU Member States and should be Europeanized to pave the way towards an efficiently organized European power system, which rest on the internal market for energy and a pan-European super-grid. However, this view neglects i) the...

It is often argued that Germany's energy transition (the so-called Energiewende) needs to be Europeanized, so as to make the transition process more efficient. In particular, the German system of feed-in tariffs for renewables is criticized for being an obstacle to efficient European energy...

Germany has embarked on an ambitious project to transform its energy system until 2050 - the so-called Energiewende. Some critics contend that the Energiewende imposes unneces-sary and avoidable welfare losses due to a lack of integration within the EU. In contrast, these critiques largely miss...

In this paper, we analyze the rationale for an energy policy mix when the European Emissions Trading scheme (ETS) is considered from a public choice perspective. That is, we argue that the economic textbook model of the ETS implausibly assumes 1) efficient policy design and 2) climate protection...