Predicting long-run growth effects of decarbonization is subject to high uncertainty. Awareness of limitations of growth forecasts should be raised. Scientific communication should aim at forecasts being misused in the political debate. Comparative analysis of growth effects can have value for...

Recent developments suggest that well-intended climate policies--including carbon taxes and subsidies for renewable energy—might not accomplish what policy makers intend. Hans-Werner Sinn has described a “green paradox,” arguing that these policies could hasten global warming by...

This article discusses the economic effects of a potential cut-off of the German economy from Russian energy imports. We show that the effects are likely to be substantial but manageable. In the short run, a stop of Russian energy imports would lead to a GDP decline in range between 0.5% and 3%...