TY  - GEN
A1  - Schütze, Franziska
A1  - Fürst, Steffen
A1  - Mielke, Jahel
A1  - Steudle, Gesine A.
A1  - Wolf, Sarah
A1  - Jäger, Carlo C.
T1  - The Role of Sustainable Investment in Climate Policy
T2  - Postprints der Universität Potsdam : Wirtschafts- und Sozialwissenschaftliche Reihe
N2  - Reaching the Sustainable Development Goals requires a fundamental socio-economic transformation accompanied by substantial investment in low-carbon infrastructure. Such a sustainability transition represents a non-marginal change, driven by behavioral factors and systemic interactions. However, typical economic models used to assess a sustainability transition focus on marginal changes around a local optimum, whichby constructionlead to negative effects. Thus, these models do not allow evaluating a sustainability transition that might have substantial positive effects. This paper examines which mechanisms need to be included in a standard computable general equilibrium model to overcome these limitations and to give a more comprehensive view of the effects of climate change mitigation. Simulation results show that, given an ambitious greenhouse gas emission constraint and a price of carbon, positive economic effects are possible if (1) technical progress results (partly) endogenously from the model and (2) a policy intervention triggering an increase of investment is introduced. Additionally, if (3) the investment behavior of firms is influenced by their sales expectations, the effects are amplified. The results provide suggestions for policy-makers, because the outcome indicates that investment-oriented climate policies can lead to more desirable outcomes in economic, social and environmental terms.
T3  - Zweitveröffentlichungen der Universität Potsdam : Wirtschafts- und Sozialwissenschaftliche Reihe - 137 
KW  - climate policy
KW  - green growth
KW  - macroeconomic models
KW  - sustainable investment
KW  - technical progress
KW  - expectations
KW  - 1.5 degrees C
Y1  - 2021
U6  - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus4-470485
SN  - 1867-5808
IS  - 137
ER  - 
TY  - GEN
A1  - Thonig, Richard
A1  - Del Rio, Pablo
A1  - Kiefer, Christoph
A1  - Lazaro Touza, Lara
A1  - Escribano, Gonzalo
A1  - Lechon, Yolanda
A1  - Spaeth, Leonhard
A1  - Wolf, Ingo
A1  - Lilliestam, Johan
T1  - Does ideology influence the ambition level of climate and renewable energy policy?
BT  - Insights from four European countries
T2  - Zweitveröffentlichungen der Universität Potsdam : Wirtschafts- und Sozialwissenschaftliche Reihe
N2  - We investigate whether political ideology has an observable effect on decarbonization ambition, renewable power aims, and preferences for power system balancing technologies in four European countries. Based on the Energy Logics framework, we identify ideologically different transition strategies (state-centered, market-centered, grassroots-centered) contained in government policies and opposition party programs valid in 2019. We compare these policies and programs with citizen poll data. We find that ideology has a small effect: governments and political parties across the spectrum have similar, and relatively ambitious, decarbonization and renewables targets. This mirrors citizens' strong support for ambitious action regardless of their ideological self-description. However, whereas political positions on phasing out fossil fuel power are clear across the policy space, positions on phasing in new flexibility options to balance intermittent renewables are vague or non-existent. As parties and citizens agree on strong climate and renewable power aims, the policy ambition is likely to remain high, even if governments change.
T3  - Zweitveröffentlichungen der Universität Potsdam : Wirtschafts- und Sozialwissenschaftliche Reihe - 161 
KW  - political ideology
KW  - climate policy
KW  - energy policy
KW  - europe
KW  - european
KW  - Union
KW  - renewable energy
KW  - flexibility
Y1  - 2020
U6  - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus4-577981
SN  - 1867-5808
IS  - 1
ER  -