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In the last two decades, studies that analyse the political economy of sustainable energy transitions have increasingly become available. Yet very few attempts have been made to synthesize the factors discussed in the growing literature. This paper reviews the extant empirical literature on the political economy of sustainable energy transitions. Using a well-defined search strategy, a total of 36 empirical contributions covering the period 2008 to 2022 are reviewed full text. Overall, the findings highlight the role of vested interest, advocacy coalitions and green constituencies, path dependency, external shocks, policy and institutional environment, political institutions and fossil fuel resource endowments as major political economy factors influencing sustainable energy transitions across both high income countries, and low and middle income countries. In addition, the paper highlights and discusses some critical knowledge gaps in the existing literature and provides suggestions for a future research agenda.
Recent findings in South Africa have once again underlined the fact that the oldest people in the world obviously came from Africa. Thus, historically, this continent has a very special significance. However, its history in more recent times, especially from the mid-19th century onwards, was strongly influenced by colonisation by European states. Many deep wounds from that time still have an impact on society as a whole today. However, the continent is currently also confronted with a greater number of challenges of a different nature.
On the one hand, Africa is trying to strengthen internal cohesion by means of a number of regional organisations and the African Union as a globally active institution; on the other hand, the continent has been marked by political and military conflicts between neighbouring states over the past decades until the recent present. In addition, there are regular internal social upheavals in individual countries due to violent or manipulated political change.
Yet the continent could well be on a good development path, since it has a large number of important raw materials - also in comparison to other continents. However, the individual African states - and especially their citizens - often do not benefit from this to an adequate extent. This results in a social imbalance in large parts of the continent (data collection until the end of June 2023), which leads to considerable internal tensions. To make matters worse, Africa is the continent most affected by climate change.
A closer look at the partly very different economic, political and social situations of the large continent leads to an overall predominantly critical assessment of Africa's further development, which is explained in more detail in the final chapter with regard to the foreseeable consequences for the continent.
Although climate-induced liquidity risks can cause significant disruptions and instabilities in the financial sector, they are frequently overlooked in current debates and policy discussions. This paper proposes a macro-financial agent-based integrated assessment model to investigate the transmission channels of climate risks to financial instability and study the emergence of liquidity crises through interbank market dynamics. Our simulations show that the financial system could experience serious funding and market liquidity shortages due to climate-induced liquidity crises. Our investigation contributes to our understanding of the impact - and possible solutions - to climate-induced liquidity crises, besides the issue of asset stranding related to transition risks usually considered in the existing studies.