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Showing 1–9 of 9 results
Advanced filters: Author: Michael Pahle Clear advanced filters

  • High shares of variable energy sources will require different operational modes for dispatchable generation. Schill et al. explore the impact of increased wind and solar power on the German electricity system and find that the number of start-ups grows by 81% while its cost increases by 119% by 2030.

    • Wolf-Peter Schill
    • Michael Pahle
    • Christian Gambardella
    Research
    Nature Energy
    Volume: 2, P: 1-6

  • As renewable energy technology costs fall, there are increasing calls to remove policy support. Pahle et al. examine the impacts of such a move combined with higher interest rates in the European Union, and find that resulting higher financing could double long-term carbon prices and halve the rate of capacity deployment in the next 15 years.

    • M. Pahle
    • O. Tietjen
    • O. Edenhofer
    Research
    Nature Energy
    Volume: 7, P: 290-296

  • EU emissions trading system carbon prices have surged since 2017. Here the authors consider sources of this increase and note that increased foresight driven by stronger commitment to climate targets has played a role. Prices also run the risk of dropping if policy credibility is undermined.

    • Joanna Sitarz
    • Michael Pahle
    • Robert Pietzcker
    ResearchOpen Access
    Nature Energy
    Volume: 9, P: 691-702

  • As an important policy instrument for building sector decarbonization, bans on fossil fuel-based heating face fierce opposition with doubts over their economic viability. With a unified perspective that incorporates the views of proponents and opponents, we discuss the importance of targeted policies to break the deadlock.

    • Ottmar Edenhofer
    • Andreas Gerster
    • Karen Palmer
    Comments & Opinion
    Nature Climate Change
    Volume: 15, P: 578-580

  • Recent reforms of the EU Emissions Trading System (EU ETS) boosted carbon prices by tightening the cap on emission allowances and increasing political commitment to it, which effectively made actors more farsighted. Policymakers should thus view prices as an indicator of credibility as well as scarcity, and manage potential future drops in the former by renewing commitment to the cap.

    • Joanna Sitarz
    • Michael Pahle
    • Robert Pietzcker
    News & Views
    Nature Energy
    Volume: 9, P: 637-638

  • Meeting the Paris Agreement climate goals requires increasingly ambitious climate policy. A framework for ratcheting up stringency through policy sequencing is proposed and illustrated using the cases of Germany and California, USA.

    • Michael Pahle
    • Dallas Burtraw
    • John Zysman
    Reviews
    Nature Climate Change
    Volume: 8, P: 861-867

  • Renewable energy costs have declined in the past but things could change with increasing interest rates. This study shows that in Germany, if interest rates increased to pre-financial crisis levels in 5 years, the levelized cost of solar photovoltaics and onshore wind could rise by 11 and 25%, respectively.

    • Tobias S. Schmidt
    • Bjarne Steffen
    • Ottmar Edenhofer
    Research
    Nature Sustainability
    Volume: 2, P: 879-885

  • Net-zero pledges are emerging around the world, but to be consequential they must compel credibility as a core objective of climate policy design. This paper proposes an approach, named backward induction, that aims to maximize policy credibility by balancing building commitment and cost efficiency.

    • Geoffroy Dolphin
    • Michael Pahle
    • Mirjam Kosch
    Reviews
    Nature Climate Change
    Volume: 13, P: 1033-1041

  • With the development of carbon emission allowance markets worldwide, concerns that they could attract excessive speculation have also grown. This Perspective discusses the potential scale and impacts of financial trading, as well as approaches to improve carbon market monitoring and oversight.

    • Simon Quemin
    • Michael Pahle
    Reviews
    Nature Climate Change
    Volume: 13, P: 22-31