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Kiel, Germany

The Kiel Institute for the World Economy is an economics research center and a think tank that is located in Kiel, Germany.In 2013, it was ranked as one of the top 20 research centers in the world for International Trade and one of the top four think tanks in the world for economic policy.With more than four million publications in printed or electronic format and subscriptions to 31,970 periodicals and journals, the Institute has the world's largest specialist library for economics.It is affiliated with the University of Kiel where it cooperates closely with the Department of Business, Economics, and Social science. It is nevertheless legally and academically independent of the University of Kiel. Since 1 January 2007, it has been an independent, nonprofit organization . It is a member of an association of research institutions, museums, and service centers called the Gottfried Wilhelm Leibniz Scientific Community or Leibniz Association and is ranked as one of the top six leading economics research institutions in the Leibniz Association. Like all the institutions that are members of the Leibniz Association, it is funded 50% by the German federal government and 50% by the German states. It employs approximately 160 people, of whom more than 80 are economists. It is headed by a president, currently Dennis J. Snower. Wikipedia.

Klepper G.,Kiel Institute for The World Economy
Energy Economics | Year: 2011

This paper discusses developments in the markets for CO2 emissions rights since the Kyoto Protocol was signed. The different emissions trading schemes, dominated by the Emission Trading System of the European Union and the Clean Development Mechanism, are surveyed. These schemes will need to be incorporated into any post-Kyoto multilateral agreement. Drawing on a simple model, the paper analyzes the incentives that developing and developed countries face for continuing or transforming the Clean Development Mechanism in the light of future agreements for a worldwide emissions control program. © 2010 Elsevier B.V. Source

Lange M.,Kiel Institute for The World Economy
Energy Policy | Year: 2011

The contribution of biofuels to the saving of greenhouse gas (GHG) emissions has recently been questioned because of emissions resulting from land use change (LUC) for bioenergy feedstock production. We investigate how the inclusion of the carbon effect of LUC into the carbon accounting framework, as scheduled by the European Commission, impacts on land use choices for an expanding biofuel feedstock production. We first illustrate the change in the carbon balances of various biofuels, using methodology and data from the IPCC Guidelines for National Greenhouse Gas Inventories. It becomes apparent that the conversion of natural land, apart from grassy savannahs, impedes meeting the EU's 35% minimum emissions reduction target for biofuels. We show that the current accounting method mainly promotes biofuel feedstock production on former cropland, thus increasing the competition between food and fuel production on the currently available cropland area. We further discuss whether it is profitable to use degraded land for commercial bioenergy production as requested by the European Commission to avoid undesirable LUC and conclude that the current regulation provides little incentive to use such land. The exclusive consideration of LUC for bioenergy production minimizes direct LUC at the expense of increasing indirect LUC. © 2011 Elsevier Ltd. Source

Hubler M.,Kiel Institute for The World Economy
Energy Economics | Year: 2011

This paper introduces a mechanism of international technology diffusion via FDI and imports into recursive-dynamic CGE modeling for climate policy analysis. As a novel feature, the mechanism distinguishes spillovers from foreign do domestic capital within sectors and across sectors within the production chain. The paper applies the mechanism to the analysis of a contraction and convergence type climate policy focusing on China. The mechanism of international technology diffusion leads to an increase in China's energy productivity an a decline in China's economic growth rates in a convergence process. In this case, inter-regional emissions trading could (more than) compensate China's welfare losses due to climate policy. Otherwise, China's welfare losses due to climate policy could be significant. © 2010 Elsevier B.V. Source

Bertram C.,Kiel Institute for The World Economy
Energy Policy | Year: 2010

Ocean iron fertilization is currently discussed as a potential measure to mitigate climate change by enhancing oceanic CO2 uptake. Its mitigation potential is not yet well explored, and carbon offsets generated through iron fertilization activities could currently not be traded on regulated carbon markets. Still, commercial interests in ocean iron fertilization already exist, which underlines the need to investigate a possible regulatory framework for it. To this end, I first discuss important basic aspects of ocean iron fertilization, namely its scientific background, quantitative potential, side effects, and costs. In a second step, I review regulatory aspects connected to ocean iron fertilization, like its legal status and open access issues. Moreover, I analyze how the regulations for afforestation and reforestation activities within the framework of the Kyoto Clean Development Mechanism (CDM) could be applied to ocean iron fertilization. Main findings are that the quantitative potential of ocean iron fertilization is limited, that costs are higher than initially hoped, and that potential adverse side effects are severe. Moreover, the legal status of ocean iron fertilization is currently not well defined, open access might cause inefficiencies, and the CDM regulations could not be easily applied to ocean iron fertilization. © 2009 Elsevier Ltd. All rights reserved. Source

Vaona A.,University of Verona | Vaona A.,Kiel Institute for The World Economy
Energy Policy | Year: 2012

The present paper considers an Italian dataset with an annual frequency from 1861 to 2000. It implements Granger non-causality tests between energy consumption and output contrasting methods allowing for structural change with those imposing parameter stability throughout the sample. Though some econometric details can differ, results have clear policy implications. Energy conservation policies hasten an underlying tendency of the economy towards a more efficient use of fossil fuels. The abandonment of traditional energy carriers was a positive change. The challenge for renewable energy is to diversify among different sources and to overcome possible social acceptance problems. © 2012 Elsevier Ltd. Source

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