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Energy Systems
Located in Institute Transformation Pathways Research
Coal and COVID-19: How the pandemic is accelerating the end of fossil power generation
02/08/2021 - COVID-19 has not only caused a temporary drop in global CO2 emissions, it has also reduced the share of power generated by burning coal – a trend that could in fact outlast the pandemic. This is the key result of a new study by a team of economists based in Potsdam and Berlin that looked at COVID-19's impact on the energy system and demand for electricity. Their findings show that the pandemic, while putting a terrible toll on people’s lives and the economy, has also opened a window of opportunity to make this current trend of decreasing coal use irreversible: Supported by the right climate policy measures, power sector emissions could decline more rapidly than previously thought.
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CO2 pricing and financial transfers: small changes can have a huge effect on climate equity
12/09/2020 - Global greenhouse-gas emission reductions could be achieved in a fair and thrifty way by surprisingly small variations of well-known policies. This is shown by a team of economists in a quantitative study now published in Nature. Differentiated CO2 prices in different countries combined with moderate financial transfers from advanced to developing countries would do the job. These changes would be most efficient in achieving fair burden sharing and at the same time keep overall costs in check, the researchers find. This could solve the epic trilemma to unite cost-efficiency, national sovereignty and fair effort-sharing.
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New study: CO2 price of 100 euros could find acceptance - if the revenue is refunded
12/07/2020 - In January a CO2 price for the traffic and heating sector will be introduced in Germany for the first time. Initially it will amount to 25 euros per ton of CO2, but will rise to 55 euros by 2025. But in order to meet climate targets by 2030 significantly higher prices are necessary.
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