- Consulting Editors
- List of Contributors
- The Macroeconomics of Global Warming
- Improving Climate Projections to Better Inform Climate Risk Management
- Energy Balance Climate Models, Damage Reservoirs, and The Time Profile of Climate Change Policy
- Economics of Environmental Regime Shifts
- Policy Scenarios in a Model of Optimal Economic Growth and Climate Change
- Adaptive Model-Predictive Climate Policies in a Multicountry Setting
- Prospects of Tools from Differential Games in the Study of Macroeconomics of Climate Change
- Fairness in Climate Negotiations: A Meta-Game Analysis Based on Community Integrated Assessment
- Climate Change and Second-Best Abatement in a Multiregion World with Endogenous Growth
- Global Warming and R&D-Based Growth in a Trade Model between Environmentally Sensitive and Environmentally Neglectful Countries
- Climate Change and Intergenerational Well-Being
- The Atmosphere as a Global Commons
- The Social Cost of Carbon
- Climate-Friendly Technological Change for Developing Countries
- Renewable Energy: Models, Implications, and Prospects
- Emission Trading Systems and Technological Innovation: A Random Matching Model
- The Reality of Nuclear Power: The Fukushima Experience and Its Impact
- Forecast-Based Pricing of Weather Derivatives
- Employment and Output Effects of Climate Policies
- Macroeconomic Effects of Renewable Energy and Energy Efficiency Policies with a Focus on Germany
- Stabilization of Earth’s Climate in the 21st Century by the Stabilization of Per Capita Consumption
- Does the Kyoto Protocol Intensify Carbon Leakage to China?
- Climate Thresholds, Weather Extremes, and Catastrophic Losses
- Climate Impacts on Agriculture: A Challenge to Complacency?
- The Legal Framework of Global Environment Governance on Climate Change: A Critical Survey
- Environment and Development Challenges: The Imperative of a Carbon Fee and Dividend
- The Need for Sustainable Development and a Carbon Market: Avoiding Extinction
- Name Index
- Subject Index
Abstract and Keywords
Energy efficiency and renewable energy sources are the two main pillars of the future energy system the German government aims at with its long-term energy concept. This chapter reports the economic impacts of these mitigation policies based on two recently completed studies with the economy–energy–environment model PANTA RHEI. Results show both for energy efficiency and for renewables positive macroeconomic impacts concerning gross domestic product and employment. Additional investment increases demand in the short run and reduces energy costs in the long term. Sensitivity analyses look into different assumptions for fossil fuel prices, domestic installations, and international trade. The development of world markets and German exports is very important. Globally, countries will change their energy system. The necessary transition from fossil fuels to energy-saving and renewable investment opens excellent export opportunities for German industries.
Christian Lutz, Managing Director, Gesellschaft für Wirtschaftliche Strukturforschung, Germany.
Ulrike Lehr, Senior Expert, Gesellschaft für Wirtschaftliche Strukturforschung, Germany
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