Jörn Richstein
@jrichstein.bsky.social
European power markets, EU ETS, Industrial decarbonisation (esp. CCfDs). Now at Aurora Energy Research, before @DIW.
Reposted by Jörn Richstein
"There's a paradoxical evolution in the European Commission's role. As it has taken on additional functions in areas like housing, defence and geopolitics, it has retreated from its core task of policing the single market." www.siliconcontinent.com/p/the-myth-o...
The myth of the single market
Why Europe’s internal barriers are higher than Trump's tariffs
www.siliconcontinent.com
June 26, 2025 at 3:31 PM
"There's a paradoxical evolution in the European Commission's role. As it has taken on additional functions in areas like housing, defence and geopolitics, it has retreated from its core task of policing the single market." www.siliconcontinent.com/p/the-myth-o...
Reposted by Jörn Richstein
Vorschlag: Anstatt die Übertragungsnetze dauerhaft zu subventionieren, lieber kosteneffizienter bauen und ein Teil der Kosten mit einem Amortisationskonto um ein paar Jahre verschieben
Nach unserer Berechnung kann man mit kluger Planung etwa 92 Mrd. EUR (einen ,,Wumms'') sparen
Nach unserer Berechnung kann man mit kluger Planung etwa 92 Mrd. EUR (einen ,,Wumms'') sparen
March 10, 2025 at 8:39 AM
Vorschlag: Anstatt die Übertragungsnetze dauerhaft zu subventionieren, lieber kosteneffizienter bauen und ein Teil der Kosten mit einem Amortisationskonto um ein paar Jahre verschieben
Nach unserer Berechnung kann man mit kluger Planung etwa 92 Mrd. EUR (einen ,,Wumms'') sparen
Nach unserer Berechnung kann man mit kluger Planung etwa 92 Mrd. EUR (einen ,,Wumms'') sparen
Reposted by Jörn Richstein
As Germany is heading to the ballots, here is again what to watch out for today as Europeans.
Two things will be important: 1) Will a stable two-party coalition be possible? 2) Will a constitutional blocking minority emerge against a debt brake reform and/or another special fund for defence?
Two things will be important: 1) Will a stable two-party coalition be possible? 2) Will a constitutional blocking minority emerge against a debt brake reform and/or another special fund for defence?
3 days until Germany votes.
While much attention has been on Friedrich Merz who is all but guaranteed to become the next chancellor, the fate of Germany’s incoming government hinges on three small parties fighting to enter parliament.
Here is what fellow Europeans should watch out for on Sunday:
While much attention has been on Friedrich Merz who is all but guaranteed to become the next chancellor, the fate of Germany’s incoming government hinges on three small parties fighting to enter parliament.
Here is what fellow Europeans should watch out for on Sunday:
February 23, 2025 at 12:06 PM
As Germany is heading to the ballots, here is again what to watch out for today as Europeans.
Two things will be important: 1) Will a stable two-party coalition be possible? 2) Will a constitutional blocking minority emerge against a debt brake reform and/or another special fund for defence?
Two things will be important: 1) Will a stable two-party coalition be possible? 2) Will a constitutional blocking minority emerge against a debt brake reform and/or another special fund for defence?
Reposted by Jörn Richstein
Plugged into Europe! 🔌
The Baltics 🇪🇪 🇱🇻 🇱🇹 have disconnected from the Russian power grid and fully synchronised with the 🇪🇺 continental one, marking their energy independence.
After two decades of preparation, it is now time to benefit from our common energy system.
The Baltics 🇪🇪 🇱🇻 🇱🇹 have disconnected from the Russian power grid and fully synchronised with the 🇪🇺 continental one, marking their energy independence.
After two decades of preparation, it is now time to benefit from our common energy system.
February 9, 2025 at 1:00 PM
Plugged into Europe! 🔌
The Baltics 🇪🇪 🇱🇻 🇱🇹 have disconnected from the Russian power grid and fully synchronised with the 🇪🇺 continental one, marking their energy independence.
After two decades of preparation, it is now time to benefit from our common energy system.
The Baltics 🇪🇪 🇱🇻 🇱🇹 have disconnected from the Russian power grid and fully synchronised with the 🇪🇺 continental one, marking their energy independence.
After two decades of preparation, it is now time to benefit from our common energy system.
Reposted by Jörn Richstein
The Netherlands is no longer Germany's 17th federal state in economic terms.
New Commission research shows that once strong NL-DE correlations in macro variables (GDP, investment) have become insignificant.
A couple of observations on the stunning divergence between the frugal bulwarks.
1/
New Commission research shows that once strong NL-DE correlations in macro variables (GDP, investment) have become insignificant.
A couple of observations on the stunning divergence between the frugal bulwarks.
1/
February 6, 2025 at 9:38 AM
The Netherlands is no longer Germany's 17th federal state in economic terms.
New Commission research shows that once strong NL-DE correlations in macro variables (GDP, investment) have become insignificant.
A couple of observations on the stunning divergence between the frugal bulwarks.
1/
New Commission research shows that once strong NL-DE correlations in macro variables (GDP, investment) have become insignificant.
A couple of observations on the stunning divergence between the frugal bulwarks.
1/
Reposted by Jörn Richstein
Meinem Gefühl nach sind Medien oft schlecht darin, sich entwickelnde Ereignisse angemessen zu greifen.
Wenn zahlreiche kleine Bausteine ein großes Bild ergeben, wird das unmittelbar oft verpasst.
Beispiel hybrider Krieg zB in der Ostsee. Viele kleine Einschläge, die man in Zusammenhang setzen muss
Wenn zahlreiche kleine Bausteine ein großes Bild ergeben, wird das unmittelbar oft verpasst.
Beispiel hybrider Krieg zB in der Ostsee. Viele kleine Einschläge, die man in Zusammenhang setzen muss
February 5, 2025 at 6:02 AM
Meinem Gefühl nach sind Medien oft schlecht darin, sich entwickelnde Ereignisse angemessen zu greifen.
Wenn zahlreiche kleine Bausteine ein großes Bild ergeben, wird das unmittelbar oft verpasst.
Beispiel hybrider Krieg zB in der Ostsee. Viele kleine Einschläge, die man in Zusammenhang setzen muss
Wenn zahlreiche kleine Bausteine ein großes Bild ergeben, wird das unmittelbar oft verpasst.
Beispiel hybrider Krieg zB in der Ostsee. Viele kleine Einschläge, die man in Zusammenhang setzen muss
The EU CBAM methodology implicitly has the assumption that the world follows the EU's carbon pricing & CBAM approach.
A long list of EU ETS experts, incl. @karstenneuhoff.bsky.social, Misato Sato, @philippequirion.bsky.social, & many more argue for a complementary instrument if that's not the case.
A long list of EU ETS experts, incl. @karstenneuhoff.bsky.social, Misato Sato, @philippequirion.bsky.social, & many more argue for a complementary instrument if that's not the case.
Industrial decarbonisation in a fragmented world: an effective carbon price with a ‘climate contribution’
Europe’s climate policymakers must prepare options to ensure the resilience of its industrial strategy
Europe’s climate policymakers must prepare options to ensure the resilience of its industrial strategy
Industrial decarbonisation in a fragmented world: an effective carbon price with a ‘climate contribution’ - Grantham Research Institute on climate change and the environment
This report proposes a ‘climate contribution’ as a practical, WTO-compliant solution to address carbon leakage risk, ensure investment stability, and support industrial decarbonisation in the face of global policy fragmentation.
www.lse.ac.uk
January 23, 2025 at 12:20 PM
The EU CBAM methodology implicitly has the assumption that the world follows the EU's carbon pricing & CBAM approach.
A long list of EU ETS experts, incl. @karstenneuhoff.bsky.social, Misato Sato, @philippequirion.bsky.social, & many more argue for a complementary instrument if that's not the case.
A long list of EU ETS experts, incl. @karstenneuhoff.bsky.social, Misato Sato, @philippequirion.bsky.social, & many more argue for a complementary instrument if that's not the case.
Reposted by Jörn Richstein
Cook Island flag oil tanker Eagle S lost 25% of her speed minutes before she crossed the broken cable Estlink2. She crossed at 10:26Z, ie the time of cable fault.
She proceeded at affected speed til she reached shallow waters, where she lost all momentum. After some maneuvers she regained speed.
She proceeded at affected speed til she reached shallow waters, where she lost all momentum. After some maneuvers she regained speed.
December 25, 2024 at 5:23 PM
Cook Island flag oil tanker Eagle S lost 25% of her speed minutes before she crossed the broken cable Estlink2. She crossed at 10:26Z, ie the time of cable fault.
She proceeded at affected speed til she reached shallow waters, where she lost all momentum. After some maneuvers she regained speed.
She proceeded at affected speed til she reached shallow waters, where she lost all momentum. After some maneuvers she regained speed.
Reposted by Jörn Richstein
1 036 288 784!
This is the number of allowances for 2027 that has been set today as a cap in the Emissions Trading System for buildings, road transport and small industry (ETS2) by the European Commission.
climate.ec.europa.eu/news-your-vo...
This is the number of allowances for 2027 that has been set today as a cap in the Emissions Trading System for buildings, road transport and small industry (ETS2) by the European Commission.
climate.ec.europa.eu/news-your-vo...
Emissions Trading System for buildings, road transport and small industry (ETS2): cap adopted for 2027
The Commission has adopted a Decision establishing the EU-wide quantity of allowances issued under ETS2 in 2027
climate.ec.europa.eu
December 3, 2024 at 9:17 PM
1 036 288 784!
This is the number of allowances for 2027 that has been set today as a cap in the Emissions Trading System for buildings, road transport and small industry (ETS2) by the European Commission.
climate.ec.europa.eu/news-your-vo...
This is the number of allowances for 2027 that has been set today as a cap in the Emissions Trading System for buildings, road transport and small industry (ETS2) by the European Commission.
climate.ec.europa.eu/news-your-vo...
Our new commentary in Joule (authors.elsevier.com/a/1k9mf925JE...) describes the rationale behind the major design choices underlying Germany’s recently concluded 4-billion € tender of Carbon Contracts for Difference (CCfD) for emissions reductions in energy-intensive industry: 1/6 🔌💡 #climatesky
November 27, 2024 at 8:36 PM
Our new commentary in Joule (authors.elsevier.com/a/1k9mf925JE...) describes the rationale behind the major design choices underlying Germany’s recently concluded 4-billion € tender of Carbon Contracts for Difference (CCfD) for emissions reductions in energy-intensive industry: 1/6 🔌💡 #climatesky
Reposted by Jörn Richstein
⌛ Faster rusting for the energy transition
Hydrogen is notoriously difficult to transport over long distances. But what if it could be virtually stored in iron and then extracted again when and where it’s needed?
Enter Direct Reduced Iron (DRI) as virtual H2 storage.
Results from a DNV study
1/
Hydrogen is notoriously difficult to transport over long distances. But what if it could be virtually stored in iron and then extracted again when and where it’s needed?
Enter Direct Reduced Iron (DRI) as virtual H2 storage.
Results from a DNV study
1/
November 22, 2024 at 9:29 AM
⌛ Faster rusting for the energy transition
Hydrogen is notoriously difficult to transport over long distances. But what if it could be virtually stored in iron and then extracted again when and where it’s needed?
Enter Direct Reduced Iron (DRI) as virtual H2 storage.
Results from a DNV study
1/
Hydrogen is notoriously difficult to transport over long distances. But what if it could be virtually stored in iron and then extracted again when and where it’s needed?
Enter Direct Reduced Iron (DRI) as virtual H2 storage.
Results from a DNV study
1/
Reposted by Jörn Richstein
CO2-neutrale Prozesswärme: Welche Möglichkeiten hat die Grundstoffindustrie?
Unsere neue Studie für das UBA gibt Antworten.
Von @fraunhoferisi.bsky.social und @rwth.bsky.social .
Download+Exceltool: s.fhg.de/prozesswaerme
Ein Flug durch die Ergebnisse anhand von 11 Thesen 🧵⬇️
Unsere neue Studie für das UBA gibt Antworten.
Von @fraunhoferisi.bsky.social und @rwth.bsky.social .
Download+Exceltool: s.fhg.de/prozesswaerme
Ein Flug durch die Ergebnisse anhand von 11 Thesen 🧵⬇️
December 15, 2023 at 9:52 AM
CO2-neutrale Prozesswärme: Welche Möglichkeiten hat die Grundstoffindustrie?
Unsere neue Studie für das UBA gibt Antworten.
Von @fraunhoferisi.bsky.social und @rwth.bsky.social .
Download+Exceltool: s.fhg.de/prozesswaerme
Ein Flug durch die Ergebnisse anhand von 11 Thesen 🧵⬇️
Unsere neue Studie für das UBA gibt Antworten.
Von @fraunhoferisi.bsky.social und @rwth.bsky.social .
Download+Exceltool: s.fhg.de/prozesswaerme
Ein Flug durch die Ergebnisse anhand von 11 Thesen 🧵⬇️
Was aus meiner Sicht fehlt sind konkrete Vorschläge einer Stärkung der CO2 Bepreisung (&Ambition), die ja vielfach wie hier ins Spiel gebracht wird. Ich interpretiere das allg. so das diese Stärkung national gefordert wird. Denn EU-weit ist die Verhandlung ja gerade erst vorbei. (Drüko wg Länge )1/
Welche Folgen hat das BVerfG Urteils für die deutsche Klimapolitik, und was könnten sinnvolle nächste Schritte sein?
Der Umgang der BuRe und die breiteren Folgen sind noch schwer absehbar, aber ich sehe drei (potentielle) Probleme und eine Chance:
Der Umgang der BuRe und die breiteren Folgen sind noch schwer absehbar, aber ich sehe drei (potentielle) Probleme und eine Chance:
November 26, 2023 at 5:47 PM
Was aus meiner Sicht fehlt sind konkrete Vorschläge einer Stärkung der CO2 Bepreisung (&Ambition), die ja vielfach wie hier ins Spiel gebracht wird. Ich interpretiere das allg. so das diese Stärkung national gefordert wird. Denn EU-weit ist die Verhandlung ja gerade erst vorbei. (Drüko wg Länge )1/
Reposted by Jörn Richstein
I wrote a policy piece for the EconPol Forum, together with Rick van der Ploeg and Tony Venables. We argue that decisive 'big push' green industrial policy is needed to convince firms & households that, without a doubt, the green transition is going to happen. 1/N
“Big Push” Green Industrial Policy
Carbon pricing is a central part of climate policy, but is politically difficult while the economy is still reliant on fossil fuels
The long-lived green investments required to break the carbon lock-...
www.cesifo.org
November 23, 2023 at 10:05 AM
I wrote a policy piece for the EconPol Forum, together with Rick van der Ploeg and Tony Venables. We argue that decisive 'big push' green industrial policy is needed to convince firms & households that, without a doubt, the green transition is going to happen. 1/N
Reposted by Jörn Richstein
Interested in doing a PhD in Economics? Our @diw.de Graduate Center is open for applications until February 11! After a course phase with a stipend, you can carry out your research in one of DIW's departments. For example, do energy economics and modeling in my group! 🔌 🔽 www.diw.de/en/diw_01.c....
DIW Berlin: Application
Application Schedule
Application Documents
Detailed Requirements
Scholarships & Fees
FAQs
Join DIW-GC!
Statement against discrimination, sexual harassment and abuse of power
Start of the next applic...
www.diw.de
November 22, 2023 at 9:17 PM
Interested in doing a PhD in Economics? Our @diw.de Graduate Center is open for applications until February 11! After a course phase with a stipend, you can carry out your research in one of DIW's departments. For example, do energy economics and modeling in my group! 🔌 🔽 www.diw.de/en/diw_01.c....
Great study by my colleagues!
Future electricity systems in the EU rely mainly on wind and solar. Many of you ask: what happens when there is no wind or sun?
Electricity storage and interconnection to the rescue! But how do these two interact?
🧵 Get ready for some energy modelling content!
1/
Electricity storage and interconnection to the rescue! But how do these two interact?
🧵 Get ready for some energy modelling content!
1/
October 31, 2023 at 12:17 PM
Great study by my colleagues!
Anscheinend werden Mini-Futures auf Baseload Strompreise wieder eingeführt. Prinzipiell könnte man also einen dynamischen Stromvertrag abschließen, und sich dann selbst absichern.
Es scheint allerdings ein Hebelprodukt zu sein & die Frage nach Counterpartyrisk stellt sich in Krisen natürlich auch
Es scheint allerdings ein Hebelprodukt zu sein & die Frage nach Counterpartyrisk stellt sich in Krisen natürlich auch
Mit Spannung erwartet – Mini Futures auf den Strompreis | Vontobel Zertifikate
Strom ist ohne Zweifel eines der wichtigsten Güter in unserer modernen Welt.
zertifikate.vontobel.com
October 27, 2023 at 9:04 AM
Anscheinend werden Mini-Futures auf Baseload Strompreise wieder eingeführt. Prinzipiell könnte man also einen dynamischen Stromvertrag abschließen, und sich dann selbst absichern.
Es scheint allerdings ein Hebelprodukt zu sein & die Frage nach Counterpartyrisk stellt sich in Krisen natürlich auch
Es scheint allerdings ein Hebelprodukt zu sein & die Frage nach Counterpartyrisk stellt sich in Krisen natürlich auch
Good question! Indeed I'd say any "real-world-ETS" is not a cap-and-trade as assumed in most economic models.
After all, many modelled conclusions rest on the assumption of an immutable cap. Hardly, true as the cap is often (even adhoc) renogiated. And as the MSR shows: Negotiators look at prices.
After all, many modelled conclusions rest on the assumption of an immutable cap. Hardly, true as the cap is often (even adhoc) renogiated. And as the MSR shows: Negotiators look at prices.
Is the ETS (Europe's carbon trading system) really cap-and-trade? Or rather a managed carbon tax?
The latest on Germany's coal phase-out suggests: the latter. (in German) www.faz.net/aktuell/wirt...
The latest on Germany's coal phase-out suggests: the latter. (in German) www.faz.net/aktuell/wirt...
Klimapolitik: Der deutsche Kohleausstieg verpufft
Der Kohleausstieg soll dem Klimaschutz dienen – hat bislang aber nichts gebracht. Das hat mit dem europäischen Emissionshandel zu tun. Und mit einem schlecht gemachten deutschen Gesetz.
www.faz.net
October 21, 2023 at 9:25 PM
Good question! Indeed I'd say any "real-world-ETS" is not a cap-and-trade as assumed in most economic models.
After all, many modelled conclusions rest on the assumption of an immutable cap. Hardly, true as the cap is often (even adhoc) renogiated. And as the MSR shows: Negotiators look at prices.
After all, many modelled conclusions rest on the assumption of an immutable cap. Hardly, true as the cap is often (even adhoc) renogiated. And as the MSR shows: Negotiators look at prices.
Reposted by Jörn Richstein
>4500 codes distributed! Please spread the word amongst clinicians, scientists, researchers, technicians, academics, and other scholars who would like to join: forms.gle/f3k65vC1JwgY... 🩺 🧪
BlueSky Invites
Please fill out this form if (1) you’d like to donate invite codes to scientists, clinicians, academics, other researchers or scholars or (2) you’re a member of one of these communities and would ...
forms.gle
September 30, 2023 at 12:37 PM
>4500 codes distributed! Please spread the word amongst clinicians, scientists, researchers, technicians, academics, and other scholars who would like to join: forms.gle/f3k65vC1JwgY... 🩺 🧪
Hi #EnergySky, #ClimateSky & #EconSky!
(1) For old friends from Twitter: I'm here now too!
(2) For new friends here: I'm an energy economist working on questions related to power markets, renewable policy & industrial decarbonisation (esp. CCfDs), both academically and in policy advice projects.
(1) For old friends from Twitter: I'm here now too!
(2) For new friends here: I'm an energy economist working on questions related to power markets, renewable policy & industrial decarbonisation (esp. CCfDs), both academically and in policy advice projects.
October 1, 2023 at 6:30 PM
Hi #EnergySky, #ClimateSky & #EconSky!
(1) For old friends from Twitter: I'm here now too!
(2) For new friends here: I'm an energy economist working on questions related to power markets, renewable policy & industrial decarbonisation (esp. CCfDs), both academically and in policy advice projects.
(1) For old friends from Twitter: I'm here now too!
(2) For new friends here: I'm an energy economist working on questions related to power markets, renewable policy & industrial decarbonisation (esp. CCfDs), both academically and in policy advice projects.