Institution
Kiel Institute for the World Economy
Facility•Kiel, Germany•
About: Kiel Institute for the World Economy is a facility organization based out in Kiel, Germany. It is known for research contribution in the topics: Foreign direct investment & Productivity. The organization has 318 authors who have published 1909 publications receiving 42832 citations. The organization is also known as: Institut für Weltwirtschaft an der Universität Kiel.
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Papers
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24 Jun 2021
TL;DR: In this paper, the authors introduce the effective (elastic) cap resulting from the integration of CO2 removal credits (CRCs) into the EU ETS, the latter now being binding for the net emissions only.
Abstract: In one of the central scenarios for meeting an EU-wide net zero greenhouse gas (GHG) emissions target by 2050, the emission cap in the European Emission Trading System (EU ETS) becomes net negative. Despite this ambition, no mechanism allows for the inclusion of CO2 removal credits (CRCs) in the EU ETS to date. Amending the EU ETS legislation is required to create enabling conditions for a net negative cap. Here, we conceptually discuss various economic, legal, and political challenges surrounding the integration of CRCs into the EU ETS. To analyze cap-and-trade systems encompassing negative emissions, we introduce the effective (elastic) cap resulting from the integration of CRCs in addition to the regulatory (inelastic) cap, the latter now being binding for the net emissions only. Given current cost estimates for BECCS and DACCS, minimum quantities for the use of removals, as opposed to ceilings as currently discussed, would be required to promote the near-term integration of such technologies. Instead of direct interaction between the companies involved in emissions trading and the providers of CRCs, the regulatory authority could also transitionally act as an intermediary by buying CRCs and supplying them in turn conditional upon observed allowances prices, for example, by supporting a (soft) price collar. Contrary to a price collar without dedicated support from CRCs, in this case (net) compliance with the overall cap is maintained. EU legislation already provides safeguards for physical carbon leakage concerning CCS, making Bioenergy with Carbon Capture and Storage (BECCS) and Direct Air Capture and Storage prioritized for inclusion in the EU ETS. Furthermore, a special opportunity might apply for the inclusion of BECCS installations. Repealing the provision that installations exclusively using biomass are not covered by the ETS Directive, combined with freely allocated allowances to these installations, would allow operators of biomass installations to sell allowances made available through the use of BECCS. Achieving GHG neutrality in the EU by 2050 requires designing suitable incentive systems for CO2 removal, which includes the option to open up EU emissions trading to CRCs.
24 citations
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TL;DR: In this paper, the authors investigated the impact of offshoring on individual level wages and unemployment probabilities and pay particular attention to the question if workers with temporary contracts are affected differently than workers with permanent contracts.
Abstract: Temporary contracts have become an important mode of employment in many countries. We investigate the impact of offshoring on individual level wages and unemployment probabilities and pay particular attention to the question if workers with temporary contracts are affected differently than workers with permanent contracts. Data are taken from the German Socio-Economic Panel, linked with industry level data on offshoring. We do not find systematic differences between temporary and permanent workers with respect to the effects of offshoring for wages. We find, however, that offshoring increases the unemployment risk of low-skilled workers, and more so for temporary than permanent workers. Also, offshoring reduces the unemployment risk for all high- and medium-skilled workers.
24 citations
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TL;DR: In this article, the authors investigated variation in the travel pattern of the 14th Dalai Lama to study how political tensions affect trading decisions of Chinese importers and found that a significant reduction of imports in response to foreign government members' meetings with the Dalai Lama was observed.
24 citations
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TL;DR: An empirical illustration of the methodology developed indicates that consideration of latent heterogeneity via latent clusters provides the preferred model specification over a pooled and a random coefficient specification.
24 citations
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TL;DR: This paper used repeated cross-sectional survey data to analyze whether China's growing economic engagement in Latin America has an effect on citizens' perceptions of China within 18 Latin American countries over the 2002-2013 period.
24 citations
Authors
Showing all 325 results
Name | H-index | Papers | Citations |
---|---|---|---|
Richard S.J. Tol | 116 | 695 | 48587 |
Axel Dreher | 78 | 350 | 20081 |
Holger Görg | 67 | 367 | 17161 |
J. Edward Taylor | 50 | 210 | 13967 |
Thomas Lux | 49 | 194 | 11041 |
Dennis J. Snower | 47 | 311 | 9689 |
Xinshen Diao | 46 | 251 | 6568 |
Gabriel Felbermayr | 45 | 272 | 6586 |
Peter Nunnenkamp | 42 | 250 | 5711 |
Ansgar Belke | 42 | 536 | 7383 |
Awudu Abdulai | 41 | 156 | 6555 |
Katrin Rehdanz | 40 | 161 | 6453 |
Martin F. Quaas | 39 | 189 | 5628 |
Michael Hübler | 36 | 194 | 4051 |
Mario Larch | 34 | 146 | 4040 |