The European Union has set ambitious goals for both energy efficiency and renewable energy use as part of its strategy to combat climate change. Using a panel data regression model that spans from 2012 to 2021, this study aims to evaluate how energy efficiency and the use of renewable energy...

This doctoral thesis, organized in three self-contained chapters, provides an analysis of the economic effects associated with the extraction of natural resources and the transition from an economy based on fossil fuel use to an economy relying primarily on renewable energy sources. Chapter 1...

We build a general equilibrium model to study how climate transition risks affect energy prices and the valuations of different firms in the energy sector. We consider two types of fossil fuel firms: incumbents that have developed oil reserves they can extract today or tomorrow, and new entrants...

The most prevalent and perhaps most popular climate policies in the U.S. are Renewable PortfolioStandards (RPS) that mandate that renewables (e.g., wind and solar) produce a specifiedshare of electricity, yet little is known about their efficiency. Using the most comprehensivedata set ever...

We estimate the short- to medium term impact of six major past pandemic crises on the CO2 emissions and energy transition to renewable electricity. The results show that the previous pandemics led on average to a 3.4-3.7% fall in the CO2 emissions in the short-run (1-2 years since the start of...

Renewable Portfolio Standards (RPSs) are a key policy measure used by U.S. states to increase their production of renewable electricity. Economic theory shows that RPSs are not first-best policy measures for mitigating greenhouse gas emissions or solving other environmental problems....

Renewable energy sources (RES) capacity has grown globally at a rapid rate benefiting from multiple support schemes such as renewable portfolio standards (RPS), feed-in-tariffs (FIT), and market premia (MP). While research concentrated on comparing the effectiveness of these policy instruments...

This study is about structural change in the energy system. In a first step an econometric model is presented and in a second step diffusion of GTs is embedded theoretically. By focusing on different green technology industries (GT sector) in Germany, we analyze how policy induced demand...

The paper investigates a central hypothesis of the green economy concept, which states that transitioning to a low-carbon economy is justified on a sound economic basis. We analyze this hypothesis by focussing on employment effects from renewable energy deployment, based on an evaluation of 23...