Geopolitics is an overarching characteristic of much of this outlook for the key themes in the global energy economy in 2025. The start of Donald Trump’s second term in the White House will herald new pressures to multiple layers of the global economy, from trade to labour, monetary policy to...

We study the aggregate, distributional, and welfare effects of fiscal policy responses to Germany’s energy crisis using a novel Ten-Agents New-Keynesian (TENK) model. The energy crisis, compounded by the COVID-19 pandemic, led to sharp increases in energy prices, inflation, and significant...

Greater Asia is emerging as a major factor in the global energy transition. This shift is associated with growing independence from external actors such as the European Union and the United States, with unfolding developments increasingly concentrated within the region itself. Key trends include...

The distributional and disruptive effects of energy supply shocks are potentially large. We study the effectiveness of alternative fiscal responses in a two-country HANK model calibrated to the euro area. Subsidies can stabilize the domestic economy, but they are fiscally costly and generate...

Rising energy and CO2 prices are driving industrial companies to focus increasingly on energy efficiency and flexibility to remain competitive. Besides technical improvements, smart energy services like nonintrusive load monitoring (NILM) are promising approaches to increasing a company's energy...

Purpose - Growing food insecurity is a leading cause of fatalities, particularly in developing nations like Sub-Saharan Africa and Southeast Asia. However, the rising energy consumption and carbon dioxide (CO2) emissions are mostly associated with food production. Balancing the trade-offs...

The global energy landscape is undergoing a major transformation, upending decades of economic thinking built around resource scarcity. Unlike fossil fuels – continuously extracted from finite, geographically fixed deposits – renewable energy revolves around manufacturing technology that...

This paper analyzes the monetary policy trade-off between defending purchasing power of consumers and keeping moderate debt cost for borrowers, in the framework of a heterogeneous agent New Keynesian open economy hit by a foreign energy price shock. Raising the interest rate indeed combats the...

Despite the formal absence of sanctions, gas trade between Russia and the EU has effectively collapsed over the past three and a half years. This has been the outcome of several factors: the EU strategy of reducing dependence on Russian gas, Russia's own supply cuts, physical damage to the...

Evidence on how energy poverty persistence and vulnerability to key factors are distributed across different population groups remains scarce. This paper seeks to bridge this gap by analyzing the dynamics and determinants of energy poverty within population clusters. The significance of the...

Energy management can be designed from different perspectives including production, distribution, and consumption. Focusing on consumption perspective, manufacturing systems can be enhanced by enabling smart machines as agents which operate with their own knowledge representation models in a...

Russia’s invasion of Ukraine in 2022 was accompanied by a significant reduction of its gas supply to Europe, causing sharp energy price surges and prompting governments to respond with public appeals and programs aimed at reducing consumption. This paper investigates the effects of price...

Energy poverty and health appear to be closely related, yet robust evidence on whether and how they mutually influence each other over time is still limited. We employ a dynamic latent class model on rich longitudinal data from the Household, Income, and Labor Dynamics in Australia Survey to...

This paper aims to understand the health effects of energy poverty in Germany using SOEP panel data from 2010 to 2020. Linear probability models and fixed effects ordered logit models reveal a consistently negative relationship of three expendituresbased energy poverty indicators with general...

This paper aims to understand the health effects of energy poverty in Germany using SOEP panel data from 2010 to 2020. Linear probability models and fixed effects ordered logit models reveal a consistently negative relationship of three expenditures based energy poverty indicators with general...

We construct a New-Keynesian E-DSGE model with energy disaggregation and financial intermediaries to show how energy-related fiscal and macroprudential policies interact in affecting the euro area macroeconomy and carbon emissions. When a shock to the price of fossil resources propagates through...

In sheer quantity, the five original BRICS countries appear impressive. They account for a substantial share of the world's population, economy, trade and muster large militaries. In January 2024, BRICS gained even more steam, by admitting four new member states that participated in the most...

Energy poverty is a significant barrier to sustainable development, limiting access to modern energy solutions and exacerbating socioeconomic inequalities in South Africa. This research identifies key socioeconomic factors contributing to energy poverty among off-grid households using the...

In contemporary times, energy sustainability and security have become essential economic concerns globally. Nonetheless, in addition to these concerns, inadequate governance inside a corporation within the energy industry may result in corruption and energy instability within the sector. The...

This study determines whether industrial agglomeration can solve energy poverty (ENPO) by applying a provincial dataset (2002-2019) to assess the potential effect of industrial agglomeration on ENPO. Additionally, this study conducts an in-depth exploration of provincial heterogeneity and its...

This paper introduces a novel composite energy poverty indicator, the M2LIHC, which combines elements of the twice-median expenditure share (2M) and Low Income High Cost (LIHC) measures. Using a unique dataset merging the Czech Household Budget Survey and EU-SILC data from 2017-2022, we...

The bilateral tariffs imposed by the US are uncalled for, and the EU must respond vigorously to deter the administration from harming their mutual trade relationship. The threats of tariffs come on top of adverse energy shocks associated with the war in the Ukraine and lagging productivity...

We provide evidence in line with the illusion of moral superiority, a phenomenon that individuals perceive themselves to be more morally motivated than others. We analyze survey data collected during the 2022/23 energy crisis in Germany to investigate individuals' and others' motivations to...

The Russian invasion of Ukraine in 2022 triggered an energy crisis in Germany, with consumer energy prices skyrocketing over the course of the year. Due to concerns about gas shortages, various programs aimed at reducing consumption were set up and the German Federal Government and numerous...

The study explores the concept of energy poverty and vulnerability within the German context, emphasizing the impact of rising energy costs and low energy efficiency of buildings on energy poor or vulnerable households. Vulnerability, in this setting, refers to the risk households face due to...

We examine the impact of the war in Ukraine on long-term contracts in energy markets. We find that traded contract volumes fall by 65 percent in the first months of the war. A collapse in bilateral trading contributes most to this decline. To protect themselves from price shocks, firms...

Industrial policy has a long history, having been used by many governments to encourage economic development through the provision of direct financial support and/or supportive regulations to specific sectors and industries. Over the past decade, the energy transition has increasingly forced...

Comprehensive information on energy-related topics, such as take-up of heat pumps, industrial natural gas consumption and prices, and battery connections to the electricity grid, is either not available in Europe in a timely manner, or not available at the level of granularity, reliability and...

In response to the energy crisis, which led to high inflation, Romania, like other EU Member States, introduced a series of price-related and income-related measures to cushion the negative impact on households' welfare. Using EUROMOD and its Indirect Tax Tool extension, we assess the impact of...

Mit dem Berichtsmonat Januar 2024 wurde beim Produktionsindex für das Produ zierende Gewerbe das bisher geltende Basisjahr 2015 turnusmäßig durch das neue Basisjahr 2021 abgelöst. Die Indexgewichte wurden auf das Jahr 2021 aktualisiert und die Bezugsgröße der Indizes wurde auf das neue...