WiE Brown Bag Seminar - April

Join us for our fourth session of the WiE Brown Bag Seminar in 2026 featuring Anna-Maria Goeth, an economist at the World Bank and a PhD candidate at the Humboldt University of Berlin. She is presenting joint work with Leopold Zessner-Spitzenberg and Carolyn Fischer.

Capital Adjustment Costs and Nationally Determined Contributions - How to Avoid Double Transitions of Energy Capital?

Abstract: 

The energy transition is fundamentally a capital and technological transition. Countries face the joint challenge of expanding clean energy capacity while phasing down dirty assets in an orderly way to sustain growth, meet climate goals, and limit adjustment costs and stranded assets. While emission-intensive energy technologies still hold a productivity advantage, this gap is rapidly closing. Using a state-of-the-art growth model with sector- and technology specific capital stocks, we compare optimal transition paths of an advanced industrialized economy to that of an emerging economy, using detailed calibrations stylized on…