Fracking, global energy markets and future climate policy (original publication in German)

In their Kiel Policy Brief the IfW experts Ruth Delzeit, Gernot Klepper and Mareike Lange show that an increasing use of fracking might have serious impacts on climate policy. The production of shale gas and oil using the fracking-technology has caused decreasing energy prices, currently mainly in the USA. Additional exploitation of global reserves is likely to boost this effect on energy prices. The authors conclude that stagnant or falling prices impede the efforts of the international community to agree on measures for an effective climate protection