Dr. Michael Pahle

Working Group Leader

Recent activities


Potsdam Institute for Climate Impact Research (PIK)
T +49 (0)331 288 2465
P.O. Box 60 12 03
14412 Potsdam


Social networks


  • Sommer, S., Mattauch, L., Pahle, M., submitted: Supporting Carbon Taxes: The Role of Fairness. SSRN Working Paper, SPIEGEL Artikel
  • Osorio, S., Tietjen, O., Pahle, M., Pietzcker, R.C., Edenhofer, O., resubmitted: Reviewing the Market Stability Reserve in Light of More Ambitious EU ETS Emission Targets. EconStor Working Paper
  • Mauer, E., Okullo, S., Pahle, M., submitted: Postponing Auctioning Versus Cancellation of Allowances in the EU ETS. SSRN Working Paper
  • Pahle, M., Tietjen, O., Osorio, S., Egli, F., Steffen, B., Schmidt, T.S., Edenhofer, O., submitted: Safeguarding the energy transition against political backlash to carbon markets.
  • Friedrich, M., Fries, S., Pahle, M., Edenhoer, O., submitted: Rules vs. Discretion in Cap-and-Trade Programs: Evidence from the EU Emission Trading System CESifo Working Paper
  • Friedrich, M., Mauer, E., Tietjen, O., Pahle, M., submitted: From fundamentals to financial assets: the evolution of understanding price formation in the EU ETS. EconStor Working Paper
  • Pahle, M., Schaeffer, R. Pachauri, S., Eom, J., Awasthye, A., Chen, W., Di Maria, C., Jiang, K., Hei, C., Portugal-Pereirabj, J., Safonov, G., Verdolinil, E., submitted: The crucial role of complementarity, transparency and adaptability for designing energy policies for sustainable development.
  • Tietjen, O., Pahle, M., Lessmann, K., resubmitted: Hedging and the Temporal Permit Issuance in Cap-and-Trade Programs: The Market Stability Reserve Under Risk Aversion. Resource and Energy Economics 63, 101214. DOI: 10.1016/j.reseneeco.2020.101214
  • Leipprand, A., Flachsland, C., Pahle, M., 2020: Starting low, reaching high? Sequencing in EU climate and energy policies. Environmental Innovation and Societal Transitions 37 (December): 140–55. DOI: 10.1016/j.eist.2020.08.006
  • Steffen, B., Egli, F., Pahle, M., & Schmidt, T. S., 2020: Navigating the Clean Energy Transition in the COVID-19 Crisis. Joule, 1–5. DOI: 10.1016/j.joule.2020.04.011
  • Osorio, S., Pietzcker, R. C., Pahle, M., & Edenhofer, O. 2020: How to deal with the risks of phasing out coal in Germany. Energy Economics, 87, DOI: 10.1016/j.eneco.2020.104730 CESifo Working Paper
  • Flachsland, C., Pahle, M., Burtraw, D., Edenhofer, O., Elkerbout, M., Fischer, C., Zetterberg, L., 2020: How to avoid history repeating itself: the case for an EU Emissions Trading System (EU ETS) price floor revisited. Climate Policy, 20(1), 1–10. DOI: 10.1080/14693062.2019.1682494
  • Gambardella, C., Pahle, M., & Schill, W.-P., 2020: Do Benefits from Dynamic Tariffing Rise? Welfare Effects of Real-Time Retail Pricing Under Carbon Taxation and Variable Renewable Electricity Supply. Environmental and Resource Economics, 75(1), 183–213. DOI: 10.1007/s10640-019-00393-0
  • Schmidt, T.S., Steffen, B., Egli, F., Pahle, M., Tietjen, O., 2019: Adverse effects of rising interest rates on sustainable energy transitions. Nature Sustainability, 2(9), 879–885. DOI: 10.1038/s41893-019-0375-2
  • Pahle, M., Burtraw, D., Flachsland, C., Kelsey, N., Biber, E., Edenhofer, O., Zysman, J., 2018: Sequencing to ratchet up climate policy stringency. Nature Climate Change. DOI: 10.1038/s41558-018-0287-6
  • Gambardella, C.,Pahle, M., 2018: Time-Varying Electricity Pricing and Consumer Heterogeneity: Welfare and Distributional Effects with Variable Renewable Supply. Energy Economics. DOI: 10.1016/j.eneco.2018.08.020
  • Schwerhoff, G., Kornek, U., Lessmann, K., Pahle, M., 2017: Leadership in Climate Change Mitigation: Consequences and Incentives. The Journal of Economic Surveys. DOI: 10.1111/joes.12203
  • Schill, W., Pahle, M., Gambardella, C., 2017: On the Relevance of Start-up Costs for Markets with Increasing Shares of Renewables. Nature Energy 2, Article number: 17050. DOI: 10.1038/nenergy.2017.50
  • Leipprand, A., Flachsland, C., Pahle, M., 2016: Advocates or cartographers? Scientific advisors and the narratives of German energy transition. Energy Policy 102, pp. 222–236. DOI: 10.1016/j.enpol.2016.12.021
  • Pahle, M., Schill, W., Gambardella, C., Tietjen, O., 2016: Renewable energy support, negative prices, and real-time pricing. The Energy Journal. Volume 37. SI3. DOI: 10.5547/01956574.37.SI3.mpah → Code available for the sole purpose of reading here
  • Nahmmacher, P., Schmid, E., Pahle, M., Knopf, B., 2016: Strategies against shocks in power systems - an analysis for the case of Europe. Energy Economics 59, pp. 455-465. DOI: 10.1016/j.eneco.2016.09.002
  • Steinbacher, K., Pahle, M., 2016: Leadership and the Energiewende: Current Actions and Available Options for German Leadership by Diffusion. Global Environmental Politicis. DOI: 10.1162/GLEP_a_00377Link from Harvard Belfer Center
  • Leiprand, A., Flachsland, C., Pahle, M.: Energy Transition on the Rise: an Analysis of Policy Narratives in German Parliamentary Debates. Innovation: The European Journal of Social Science Research, pp. 1-23. DOI: 10.1080/13511610.2016.1215241
  • Tietjen, O., Pahle, M., Fuss, S., 2016: Investment risks in power generation: a comparison of fossil fuel and renewable-energy-dominated markets. Energy Economics 58, pp. 174–185. DOI: 10.1016/j.eneco.2016.07.005
  • Pahle, M., Pachauri, S., Steinbacher, K., 2016: Can the Green Economy deliver it all? Experiences of renewable energy policies with socio-economic objectives. Journal of Applied Energy 179, pp. 1331–1341. DOI: 10.1016/j.apenergy.2016.06.073
  • Pahle, M., Schweizerhof, H., 2016: Time for tough love: towards gradual risk transfer to renewables in Germany. EEEP 5(2). DOI: 10.5547/2160-5890.5.2.mpahFeatured as research highlight in Nature Energy
  • Joas, F., Pahle, M., Flachsland, C., Joas, A., 2016: Which goals are driving the Energiewende? Making sense of the German Energy Transformation. Energy Policy. DOI: 10.1016/j.enpol.2016.04.003
  • Knopf, B., Pahle, M., Kondziella, H., Joas, F., Edenhofer, O., Bruckner, T., 2014. Germany's nuclear phase-out: sensitivities and impacts on electricity prices and CO2 emissions. Economics of Energy and Environment Policy EEEP 3(1). DOI: 10.5547/2160-5890.3.1.bkno
  • Edenhofer, O., Hirth, L., Knopf, B., Pahle, M., Schloemer, S., Schmid, E., Ueckerdt, F., 2013. On the Economics of Renewable Energy Sources, Energy Economics 40, pp. S12–S23. DOI: 10.1016/j.eneco.2013.09.015
  • Schmid, E., Pahle, M., Knopf, B., 2013: Renewable electricity generation in Germany: A meta-analysis of mitigation scenarios. Energy Policy 61, pp. 1151–1163. DOI: 10.1016/j.enpol.2013.06.105
  • Pahle, M., Lessmann, K., Edenhofer, O., Bauer, N., 2013: Investments in Imperfect Power Markets under Carbon Pricing: A Case Study Based Analysis. The Energy Journal.
  • Pahle, M., Fan, L., Schill, W.-P., 2011: How emission certificate allocations distort fossil investments: The German example. Energy Policy 39(4), pp. 1975–1987. DOI: 10.1016/j.enpol.2011.01.027
  • Pahle, M., 2010: Germany’s dash for coal: Exploring drivers and factors. Energy Policy 38(7), pp. 3431-3442. DOI: 10.1016/j.enpol.2010.02.017