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Found 420 results.
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Publications // 14.10.2024
Investments in energy technologies are substantially governed by climate policy. We demonstrate analytically that price-based instruments, such as carbon-taxes, and quantity-based regulations, like emission [...] of price- and quantity-based policy instruments under risk-neutrality. Using the European power sector as a case study, we calibrate an electricity market model with stochastic demand and find that, compared
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News // 25.06.2024to achieve climate neutrality. Prosperity is created in sectors where we lead in innovation. This is already the case today. These are the sectors that are strong in exports and pay the highest wages. HB: [...] regions like Saarland or Baden-Württemberg, which rely heavily on internal combustion engines and energy-intensive industries. HB: Do people need to move to places like Brandenburg to work at Tesla? Not [...] lowered their taxes. We must do something about this. We also urgently need planning certainty for energy supply. The uncertainty among businesses is huge. Bureaucracy and the shortage of skilled workers
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News // 24.05.2024On 13 and 14 May 2024, around 85 energy and environmental economists from Germany and abroad participated in the twelfth Mannheim Conference on Energy and the Environment at ZEW Mannheim. For two days [...] discussed various topics of energy, climate and environmental economics. This year, the conference focused on climate policies decreasing private and firm emissions, air pollution, energy conservation and behavioural [...] speakers. In her keynote, Lucija Muehlenbachs discussed the role of indigenous issues in the gas and oil sector in Canada, focussing especially on the extraction from and close to First Nations land. The second
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News // 27.05.2024date. An innovative defence sector is a key component of technological sovereignty. Shaping Germany’s innovative strength up for the transformation Figure 1 shows the sectors in which Germany is particularly [...] into sectors that are not among the strongest in research in the German economy and whose value added is lower. In the future, Germany will continue to generate its prosperity in those sectors in which [...] consumption and the economy. However, the structural problems go far beyond cyclical issues: with the energy transition and geoeconomic tensions, the German economy is facing fundamental upheavals. And the
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Publications // 25.04.2024
future generations. Depending on sectoral heterogeneity in the substitutability between capital and energy inputs, we find that optimal carbon prices differ widely across sectors and yield substantial welfare [...] gains, however, requires that the regulator has information on the technology heterogeneity across sectors. Differentiated carbon pricing based on imperfect estimates of technology heterogeneity can yield
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News // 06.12.2023is being delayed because the industrial sector has not yet experienced the necessary modernisation boost. The past period has been characterised by high energy prices, a decrease in real incomes due to [...] consumer demand. Core inflation will remain high at 3.1 per cent in the medium term. The service sector in particular is now facing higher labour costs, which will drive up prices even further. In the
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Press Releases // 29.11.2023economy and nearly 60 per cent of companies in the manufacturing sector have undertaken digitalisation projects. Companies now cite potential energy savings more frequently as motivation for such projects than [...] they did in 2020. However, companies face several challenges in their attempts to improve their own energy efficiency. This was revealed in a representative survey of 1,500 companies conducted by ZEW Mannheim [...] remote work arrangements or demands from customers or clients. “Many companies also cite potential energy savings as motivation. Among those undertaking digitalisation projects in the last three years, this
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Publications // 20.10.2023
regularly rely on public financial institutions and government offices to provide loans to clean energy projects. However, the market failures that public loan provision addresses and the role it can play [...] innovation externalities, remain unclear. Here, we develop a model of banks providing loans to clean energy projects that use a novel technology. Early-stage loans build up financing experience that spills [...] cooperation problem, bankability requirements can result in a coordination failure where the banking sector remains stuck in an equilibrium with no loans for the novel technology, although a preferable equilibrium