Resource Markets and Policies
People and Contact:
The
project will be carried out
using the established platform of the research program Resource Markets and Policies, a joint research program of Potsdam University, DIW Berlin
and TU Berlin on corporate strategies, market developments, and other trends regarding strategic natural resource use.
Universität Potsdam Chair for Economic Policy
August-Bebel-Str. 89, 14482 Potsdam
Prof. Dr. Anne Neumann (Project coordination)
anne.neumann [at] uni-potsdam.de
Micaela Ponce
Ruben Tarne
DIW Berlin
Recent publications (selected):
Department of Energy, Transportation, Environment
Mohrenstr. 58, 10117 Berlin
WP-RM-34: A. Zaklan, J. Abrell, A. Neumann: “Stationarity Changes in Long-Run Fossil Resource Prices: Evidence from Persistance Break Testing”
Dr. Franziska Holz (DIW Berlin coordination)
WP-RM-33: A. Neumann, K. Neuhoff “Facilitating LowCarbon Investments: Lessons from Natural Gas”
Clemens Haftendorn
WP-RM-27: A. Zaklan, G. Zachmann, A. Neumann: “The
Dynamics of Global Crude Oil Production”
Maria Nieswand
WP-RM-26: R. Mendelevitch, J. Herold, P.-Y. Oei, A. Tissen: “CO2 Highways for Europe: Modeling a Carbon Capture, Transport and Storage Infrastructure for Europe”
fholz [at] diw.de
Dr. Astrid Cullmann
International Resource Markets under Climate Constraints
Strategic Behaviour and Carbon Leakage
in Coal, Oil and Natural Gas Markets
Daniel Huppmann
2012 – 2015
Philipp Richter
Aleksandar Zaklan
WP-RM-24: C. Haftendorn, F. Holz, C. von Hirschhausen:
“COALMOD-World: A Model to Assess International Coal
Markets until 2030”
WP-RM-22: D. Huppmann, F. Holz: “A Model for the Global Crude Oil Market Using a Multi-Pool MCP Approach“
WP-RM-21: A. Zaklan, A. Cullmann, A. Neumann, C. von
Hirschhausen: “The Globalization of Steam Coal Markets
and the Role of Logistics: An Empirical Analysis“
Supported by the German Federal Ministry of Research
Grant: Economics of Climate Change
More information at
http://www.uni-potsdam.de/wipo/research/resources
Pictures from WikiMedia Commons and own
Aim of the project
Understand the effects of climate policies on supply and demand in energy resource markets, in
particular inter-temporal and interregional carbon
leakage. This requires in a first step the analysis
of the resource markets and especially the suppliers’ behavior, before investigating the effectiveness of climate change mitigation measures.
Data collection and refinement
Econometric analysis
Numerical modeling
Goal: Increase the knowledge on extractive industries and technologies and identify long-term
drivers of reserves and production costs.
Goal: Understand supply and demand sides
whilst incorporating the constraints imposed by
climate policy. Develop a deeper understanding
of the cross-sectional and inter-temporal relationship between energy resource markets and the
EU market for carbon allowances.
Goal: Identify and quantify the interactions between different climate policies and the energy
resource markets considering strategic behavior
and demand shifts. Assessing the impact of carbon leakage on the efficiency of climate policies.
Method: Create a database on reserves, resources, and future production costs for coal, oil
and natural gas on a disaggregated mining/production basin base. Develop or refine methods
for future production cost estimations.
Cooperation with leading geological institutes
and resource experts.
Method: Application of state-of-the art time series methods to systems of prices.
Cooperation with empirical analysts of energy
markets and international academic scholars.
Method: Expanding and integrating our partial
equilibrium models of the coal, oil and natural gas
markets with a demand and trade module using
data and inputs from the project modules on data
and econometric analysis.
Cooperation with energy modeling experts.
2012
2013
Data collection and refinement
March 22, 2012
Kick-off meeting
2014
Econometric analysis
March 2013
Empirical workshop
Numerical modeling
May 2013
Modeling workshop
2015
Synthesis
January 2015
Final conference