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  Is Germany on track to achieve 2030 climate and energy targets?

Sgarciu, S., Müsgens, F., Osorio, S., Pahle, M. (2024): Is Germany on track to achieve 2030 climate and energy targets? - List Forum für Wirtschafts- und Finanzpolitik, 49, 93-107.
https://doi.org/10.1007/s41025-023-00255-0

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Genre: Journal Article
Other : Ist Deutschland auf dem richtigen Weg, die Klimaziele für 2030 zu erreichen?

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 Creators:
Sgarciu, Smaranda1, Author
Müsgens, Felix1, Author
Osorio, Sebastian2, Author              
Pahle, Michael2, Author              
Affiliations:
1External Organizations, ou_persistent22              
2Potsdam Institute for Climate Impact Research, ou_persistent13              

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 Abstract: It is unclear how CO2 emissions in the German electricity sector will develop until 2030. On the one hand, the amendment in the Climate Change Act (as of August 2021) aims to tighten the emission reduction targets, fostering the pathway towards a decarbonised energy system. On the other hand, the complex interplay between the main instruments used to mitigate carbon emissions, fuel prices and the latest energy scarcity as a result of Russia’s war in Ukraine generates pressure for increased emissions. Using an energy system model parametrised to reflect the 2021 energy market situation i.e., before Russia’s attack, our study investigates the possibility that Germany will meet its 2030 climate targets. We then provide a qualitative analysis on how results can change in light of recent events. We suggest establishing a carbon price floor that can be dynamically changed in response to the evolution of other market forces and policies. This instrument would institutionalize a more credible path towards decarbonization and offer investors certainty.

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Language(s): eng - English
 Dates: 2023-11-212023-12-292024-04-01
 Publication Status: Finally published
 Pages: 15
 Publishing info: -
 Table of Contents: -
 Rev. Type: Peer
 Identifiers: DOI: 10.1007/s41025-023-00255-0
MDB-ID: No data to archive
PIKDOMAIN: RD3 - Transformation Pathways
Organisational keyword: RD3 - Transformation Pathways
Working Group: Climate & Energy Policy
Model / method: Qualitative Methods
Regional keyword: Germany
Research topic keyword: Energy
Research topic keyword: Economics
Research topic keyword: Climate Policy
 Degree: -

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Project name : ARIADNE
Grant ID : 03SFK5S0
Funding program : -
Funding organization : -
Project name : DecarbLau
Grant ID : 01LA1821A
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Title: List Forum für Wirtschafts- und Finanzpolitik
Source Genre: Journal, Scopus
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Pages: - Volume / Issue: 49 Sequence Number: - Start / End Page: 93 - 107 Identifier: CoNE: https://publications.pik-potsdam.de/cone/journals/resource/2364-3943
Publisher: Springer