This paper introduces the computable partial equilibrium energy model "Global Resource Extraction and Energy Transformation" (GREET), its structure, assumptions and the outcomes of two exemplary scenarios.…
In the European Union, transport is the largest consumer of oil products and second largest emitter of carbon dioxide (CO2); within the sector, road transport dominates in both regards. Consumer shift to…
There is an increasing tension between the Iranian Government and the west on an increasingly likely European oil embargo and the Iranian threat to close the Strait of Hormuz. The main question is: What will…
We study how the shadow economy affects pollution and how this effect depends on corruption levels in public administration. Production in the shadow economy allows firms to avoid environmental regulation…
This paper focuses on the design of emissions trading schemes in practice. After a short introduction to the general idea of emissions trading, practical requirements for the introduction of an emissions trading…
There are different reasons, why countries trade. The most important one, economists typically refer to, is that trade is a source of wealth. There is, however, a further reason, which usually is not mentioned…
