Publications of the Research Unit Environmental and Climate Economics

I investigate the impact of the European Union Emissions Trading Scheme (EU ETS) on fuel efficiency of fossil fuel power plants, using administrative micro data on German power plants from 2003 to 2012. I find…

How much carbon is in the price of power? The answer to this question determines many economic consequences of climate policies, i.e. in terms of costs for downstream industries. It requires, however, to first…

International carbon markets are frequently propagated as an efficient instrument for reducing CO2 emissions. We argue that such markets, despite their desirable efficiency properties, might not be in the best…

The aim of this book is to offer an innovative agenda in the field of environmental economics. This chapter contributes to the conceptual and political understanding of this endeavour. It first states that…

• Coronavirus Pandemic Poses Threat to Existence of Many Businesses
• Lack of Qualified Personnel Becomes a Major Barrier to Innovation
• EU Acceptance Depends on Its Institutions
• Cyberattacks Threaten Company…

How much information should governments reveal to consumers if consumption choices have uninternalized consequences to society? How does an alternative tax policy compare to information disclosure? We develop a…

With the Swedish student Greta Thunberg, the protest for the environment has taken on a personal face. Her central statement is: "Politicians are doing far too little for climate protection. This …

In this paper, we investigate whether dynamic incentive schemes lead to a ratchet effect in a social dilemma. We test whether subjects strategically restrict their contribution levels at the beginning of a…