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DIW Weekly Report 28 / 2024
Sustainable finance taxonomies such as the European Union (EU) taxonomy can support the transition to a climate-neutral economy. As a classification system, these taxonomies serve to offer transparency and guidance as to how capital flows can be shifted to sustainable and environmentally-friendly activities. In this Weekly Report, we analyze 26 sustainable taxonomies from countries and regions around ...
2024| Catherine Marchewitz, Franziska Schütze, Fernanda Ballesteros
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DIW Weekly Report 27 / 2024
Greenhouse gas emissions must be reduced by 65 percent compared to 1990 by 2030 to achieve national climate targets. Nearly one third of greenhouse gas emissions in Germany are caused by private household consumption. Using Socio-Economic Panel (SOEP) data, this Weekly Report calculates the amount of CO2 equivalents emitted by households due to residential energy use, nutrition, and transport in Germany. ...
2024| Sandra Bohmann, Merve Küçük
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DIW Weekly Report 19/20 / 2024
The pace of thermal retrofit of buildings in Germany remains slow. A Worst-First approach, prioritizing the retrofit of inefficient buildings, would address energy- and social policy objectives and deliver economic and climate benefits. Data from the German Socio-Economic Panel (SOEP) show how such an approach would protect especially low-income households often living in very inefficient buildings ...
2024| Sophie M. Behr, Merve Kücük, Maximilian Longmuir, Karsten Neuhoff
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DIW Weekly Report 15 / 2024
German companies view high and uncertain electricity prices a major challenge. A Renewable Energy Pool (RE-Pool), wherein the favorable conditions of competitive tenders for new wind and solar power projects are passed on to electricity consumers, could hedge such price risks. Consumers’ electricity prices are thus hedged for the share of their consumption that corresponds to the RE-Pool’s generation ...
2024| Karsten Neuhoff, Mats Kröger, Leon Stolle
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DIW Weekly Report 25 / 2023
In its Federal Climate Change Act, Germany has committed to achieving climate neutrality by 2045. To do so, companies from both the industrial and the service sectors must adjust their production and business practices, and financial institutions must adjust their evaluation criteria. In many cases, this requires a new strategic direction and investments in climate-neutral products, business models, ...
2023| Fernanda Ballesteros, Alexandra Hüttel, Karsten Neuhoff, Catherine Marchewitz
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DIW Weekly Report 5 / 2023
In 2021, the G7 and South Africa agreed upon the Just Energy Transition Partnership (JETP). This new instrument in international cooperation should support emerging and developing economies in a just energy transition and in phasing out coal. It is intended to facilitate equal partnerships between donors and recipients, thereby also facilitating the energy transition. An evaluation of the South African ...
2023| Heiner von Lüpke, Charlotte Aebischer, Martha Bolaños
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DIW Weekly Report 42/43/44 / 2022
The building sector plays a major role when it comes to meeting climate targets. An analysis by DIW Berlin based on data from energy provider ista SE shows that in the past two years both the temperature-adjusted heat consumption in German multi-apartment buildings and the temperature-adjusted CO2 emissions have dropped slightly. As positive as this decrease is—despite the increase in homeworking due ...
2022| Till Köveker, Mats Kröger, Franziska Schütze
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DIW Weekly Report 38 / 2022
Industrialized countries and emerging economies must cooperate in order to decarbonize the emissions-intensive industrial sector and to limit global warming to 1.5 degrees Celsius. While Germany and the other G7 countries have committed to supporting emerging economies in their efforts to combat climate change via international climate finance, it remains to be seen how this support can be implemented ...
2022| Heiner von Lüpke, Catherine Marchewitz, Karsten Neuhoff, Charlotte Aebischer, Mats Kröger
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DIW Weekly Report 35/36 / 2022
The German Federal Government passed the “Easter Package” in July 2022, which envisages a number of measures for the expansion of renewable energy sources. The package retains sliding market premiums as a remuneration mechanism, which protect electricity producers unilaterally, while contracts for difference (CfDs), which also protect electricity customers, are only used in the offshore wind sector. ...
2022| Mats Kröger, Karsten Neuhoff, Jörn C. Richstein
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DIW Weekly Report 43 / 2021
To reach the climate targets, the course towards a climate-neutral society must be set now. However, the current monitoring instruments in the Climate Change Act do not provide sufficient information to policymakers and society on the effectiveness of policy instruments and programs, as they focus exclusively on greenhouse gas reduction targets, which are subject to uncertainty. Moreover, they only ...
2021| Daniela Fietze, Mats Kröger, Thorsten Müller, Karsten Neuhoff