Last year, the Climate Friendly Materials Platform proposed an innovative policy framework to support the decarbonisation of the basic materials sector in the EU. A new policy brief from the platform focuses on one major component of this package: introducing the climate contribution to compliment the free allocation in the EU Emissions Trading System. The brief clarifies the concept and explains why ...
With the Green Deal, the EU aims not only at climate neutrality by 2050, but also to stimulate economic recovery in light of the pandemic. The European Commission is currently revisiting its climate policy instruments in order to strengthen the economics of climate friendly activities and investments. A central part of the debate is the European Emission Trading System and a proposed Carbon Border...
Clear policy strategies are essential to guide corporate decision making and effective policy to achieve decarbonisation of European industry. This brief provides a much-needed overview of the current policy landscape in five EU Member States (Germany, Hungary, the Netherlands, Poland, Spain) by investigating how the path to climate-neutral industrial production is reflected in their key national plans. ...
Carbon Contracts for Differences (CCFD) are one of the elements of the policy package developed by the Climate Friendly Materials Platform (CFMP) in order to help decarbonise European’s industry while preserving its competitiveness. CCfDs are a powerful tool for helping European industry transformation during the first stages of the transition period towards a low emission economy, and the current ...
Supporting investments in climate friendly production and recycling of materials as part of the European and national Covid-19 recovery packages can both achieve the short term objective of effective recovery spending for boosting the economy and creating jobs as well as deliver climate and long-term economic benefits. In order to realize the full economic and climate benefits of investment support, ...
Co-organized by the Sustainable Finance Research Platform (SFRP) and Berlin Seminar on Energy and Climate Policy (BSEC) Sustainable Finance is not only a key element of the climate policy agenda. In times of crisis, like the one we are currently experiencing, sustainable finance can also make substantial contributions to making our financial system more resilient, more sustainable and more...
In its Climate Action Programme 2030, the German government presented concrete measures for the country to reach its 2030 climate target: a reduction of greenhouse gas levels by 55 percent below 1990 levels. At the same time, the German government officially declared its aim to take a leading position in Sustainable Finance. Hence, the country intends to underpin the transformation to a low-carbon...
This workshop focused on the question, how the financial market can accompany and support the transformation towards a climate-neutral and sustainable economy.
Short-term electricity markets are key to an efficient production by generation units. We develop a two-period model to assess different bidding formats to determine for each bidding format the optimal bidding strategy of competitive generators facing price-uncertainty. We compare the results for simple bidding, block bidding and multi-part bidding. We find that even under optimal simple and block ...