The global energy sector is undergoing a global transformation under the influence of technological breakthroughs in several sectors of production and consumption, as well as profound socioeconomic changes in approaches to energy use. This process became known as "energy transition." In this...

This paper investigates the meaning of systemic risk in energy markets and proposes a methodology to measure it. Energy Systemic Risk is defined by the risk of an energy crisis raising the prices of all energy commodities with negative consequences for the real economy. Measures of the total...

This Article reviews recent legislative and regulatory activity seeking to increase energy infrastructure and analyzes the ability of each action to achieve this goal efficiently and effectively. In Part II, the Article briefly reviews the Energy Policy Act of 2005 (EPAct 2005), which included...

This Article reviews recent legislative and regulatory activity seeking to increase energy infrastructure and analyzes the ability of each action to achieve this goal efficiently and effectively. In Part II, the Article briefly reviews the Energy Policy Act of 2005 (EPAct 2005), which included...

The world energy sector is entering a period of transformation, defined by the emergence of a whole range of cost-effective technologies and the formation of new state priorities that can radically change the structure of energy use. The calculations of the development of world energy markets...

The aim of this paper is to analyze the relationship between different types of uncertainty and stock returns of the renewable energy and the oil & gas sectors. We use the quantile regression approach developed by Koenker and d'Orey (1987; 1994) to assess which uncertainties are the potential...

Mit der Energiewende in Deutschland ist ein langfristiger Monitoring-Prozess verankert worden, um die Zielerreichung regelmäßig zu überprüfen und bei Bedarf nachzusteuern. In dem Monitoring werden auch gesamtwirtschaftliche Effekte betrachtet. Zu Beginn des Prozesses stellen sich...

Energy market liberalization and international economic interdependence have affected governments' ability to react to security of supply challenges. On the other side, whereas in the past security of supply was largely seen as a national responsibility, the frame of reference has increasingly...

We develop an economic model for fossil-fuel and carbon-free energy supply and demand with capital and labor as production factors, and endogenous technological change through learning by research and learning by doing. We use the model to study inter-temporally efficient carbon taxes for...

We develop an economic partial equilibrium model for energy supply and demand with capital and labor as production factors, and endogenous technological change through learning by research and learning by doing. Our model reproduces the learning curve typical for (bottom-up) energy system...