The costs of renewable energy technologies have fallen sharply. Now the financing costs of new installations are playing an increasing role in the overall cost of Germany’s energy transition. This has put the primary focus of support instruments for renewable energy on creating more affordable...

Die Kosten erneuerbarer Energien sind stark gefallen. Nun spielen die Finanzierungskosten neuer Anlagen eine immer größere Rolle für die Gesamtkosten der Energiewende. Dadurch wird das primäre Ziel von Förderinstrumenten für erneuerbare Energien die Realisierung kostengünstiger...

Durch die steigenden Anteile erneuerbarer Energien an der Stromproduktion wird die kostengünstige Systemintegration der Anlagen immer wichtiger. Als systemfreundlich werden dabei Technologien und Standorte bezeichnet, die günstiger und einfacher zu integrieren sind, weil sie, im Gegensatz zu...

Due to increasing shares of renewable energies in electricity production, the cost-effective system integration of these installations is becoming more and more important. Technologies and locations are viewed as system-friendly when they are more cost-efficient and easier to integrate because...

In this paper we show that carbon pricing is subject to time-inconsistency and we investigate solutions to improve on the problem and restore the incentive for the private sector to invest in low-carbon innovation. We show that a superior price-investment equilibrium can be sustained in the...

Greenhouse gas emission benchmarks are widely implemented as a policy tool, as more countries move to implement carbon pricing mechanisms for industrial emissions. In particular, benchmarks are used to determine the level of free allowance allocation in emission trading schemes, which are...