To assess how capital stocks adapt to energy price changes, it is necessary to account for the impacts on different vintages of capital and to account separately for price-induced and autonomous improvements in the energy efficiency of capital stock. The results of econometric analysis for five...

For Europe to reach climate neutrality by mid-century, it needs to move toward a circular economy. Waste avoidance, reuse, and recycling save primary resources and avoid emissions in the production of basic materials like steel, cement, and plastics. Without exploring circular economy...

To limit global warming to 1.5 degrees Celsius, it is necessary for industrialized countries to support developing countries financially. The channels and mechanisms under which this support would be provided are known as International Climate Finance. Building upon expert interviews with a...

Deutschland will bis 2045, Europa bis 2050 klimaneutral werden. Um dieser Herausforderung begegnen zu können, ist es erforderlich, sich stärker in Richtung einer Kreislaufwirtschaft zu orientieren: Abfallvermeidung, Wiederverwendung und Recycling helfen dabei, primäre Ressourcen und die...

Um das Ziel zu erreichen, die Erderwärmung auf maximal 1,5 Grad zu begrenzen, ist es notwendig, dass Industriestaaten Entwicklungsländer finanziell unterstützen. Die vertraglichen Bedingungen, unter denen diese Unterstützung geleistet wird, werden als Internationale Klimafinanzierung...

To reach climate neutrality, carbon emissions from the production of basic materials need to be significantly reduced. For governments' support measures to be consistent with their World Trade Organization obligations, they need to be compatible with the WTO's Agreement on Subsidies and...

To assess how capital stocks adapt to energy price changes, it is necessary to account for the impacts on different vintages of capital and to account separately for price-induced and autonomous improvements in the energy efficiency of capital stock. The results of econometric analysis for five...

Nearly every carbon price regulates the production of carbon emissions, typically at midstream points of compliance, such as a power plant. Over the last six years, however, policymakers in Australia, California, China, Japan, and Korea implemented carbon prices that regulate the consumption of...

In Germany and beyond, various capacity mechanisms are currently being discussed with a view to improving the security of electricity supply. One of these mechanisms is a strategic reserve that retains generation capacity for use in times of critical supply shortage. We argue that strategic...