Investments in energy technologies are substantially governed by climate policy. We demonstrate analytically that price-based instruments, such as carbon-taxes, and quantity-based regulations, like emission trading systems, have distinct effects on the (co-)variance of power plant profits. If...

Investments in energy technologies are substantially governed by climate policy. We demonstrate analytically that price-based instruments, such as carbon-taxes, and quantity-based regulations, like emission trading systems, have distinct effects on the (co-)variance of power plant profits. If...

Die vorliegende Arbeit hat die übergeordnete Zielsetzung, Maßnahmenvorschläge im Bereich der Finanzierungs- und Anreizstrukturen für die Umsetzung der nationalen Anpassungsstrategie der Bundesregierung zu machen. Dazu wird der aktuelle Forschungsstand zur Ökonomie des Klimawandels und der...

Tinbergen's seminal work showed that we need as many policy instruments as there are market failures to address. In practice, however, regulatory power is often constrained, making it difficult or impossible to implement the first-best policy portfolio. We analyze analytically and numerically...

Within the framework of a dynamic Computable General Equilibrium model this pa-per analyses the impact of trade restrictions on regional rates of return on capital, mar-ginal costs of abatement and optimal climate policy. It will be shown that regional dif-ferences both in marginal costs of...

Within the framework of a dynamic Computable General Equilibrium (CGE) model this paper analyses the impact of trade restrictions on regional rates of return on capital, marginal costs of abatement and optimal climate policy. It will be shown that regional differences both in marginal costs of...

This paper analyses costs and benefits of three different post-Kyoto policy options: On the one hand there is PARETO which is the nickname for the pareto-efficient internationalization of the external effects of global climate change through trading carbon emission rights on open global markets....

Compared to existing needs adaptation policies are lagging behind significantly. Most environmental economists would argue that adaptation measures such as flood protection have the feature of a local public good, and since benefits accrue to later generations also, the public goods issue is the...