Dr. Nicolas Koch


Dr. Nicolas Koch

Dr. Nicolas Koch is a research fellow in the working group Sustainable Resource Management and Global Change. He is an economist working at the intersection of environmental economics and applied econometrics. Much of his research investigates the workings of market-based environmental regulation in the real-world political environment. Beyond European climate and energy policy (and emissions trading, in particular), he is also interested in transportation economics, tropical forest conservation policies and the integration of methods and models from finance into environmental economics analysis.

He completed his PhD at the University of Hamburg. Previously he studied economics in Marburg, Kiel, Hamburg and Paris. He has been a visiting scholar at the Environmental and Energy Finance Group of the University of East Anglia, and a visiting lecturer at BEM Bordeaux Management School. Nicolas has published articles in, amongst others, Journal of Environmental Economics & Management, Resource and Energy Economics and Energy Economics.


Curriculum vitae

Detailed CV with list of publications


Selected publications

Wehkamp, J., Koch, N., Fuss, S., (2017): Governance and deforestation - A meta-analysis in economics, Ecological Economics, 144, 214-227.

Zimmer, A., Koch, N. (2017): Fuel Consumption Dynamics in Europe: Tax Reform Implications for Air Pollution and Carbon Emissions, Transportation Research Part A: Policy and Practice, accepted.

Fuss, S., Flachsland, C., Koch, N., Kornek, U., Knopf, B., Edenhofer, O. (2017): An assessment framework for intertemporal economic performance of cap-and-trade systems: lessons from the EU-ETS, Review of Environmental Economics and Policy, accepted.

Algieri, B., Kalkuhl, M., Koch, N. (2017): A tale of two tails: Explaining extreme events in financialized agricultural markets, Food Policy, 69, 256-269.

Koch, N., Reuter, W., Fuss, S., Grosjean, G. (2017): Permits vs. offsets under investment uncertainty, Resource and Energy Economics, 49, 33-47.

Grosjean, G., Fuss, S., Koch, N., Bodirsky, B., De Cara, S., Acworth, W. (2016): Options to overcome the barriers to pricing European agricultural emissions, Climate Policy, in press.

Koch, N., Grosjean, G., Fuss, S., Edenhofer, O. (2016): Politics matters: Regulatory events as catalysts for price formation under cap-and-trade, Journal of Environmental Economics and Management, 78, 121-139.

Koch, N., Fuss, S., Grosjean, G., Edenhofer, O. (2014): Causes of the EU ETS price drop: Recession, CDM, renewable policies or a bit of everything?—New evidence, Energy Policy, 73, 676-685.

Koch, N. (2014): Tail events: A new approach to understanding extreme energy commodity prices, Energy Economics, 43, 195-205.


Recent working papers

Koch, N., zu Ermgassen, E., Wehkamp, J., Oliveira Filho, F., Schwerhoff, G. (2017): Agricultural Productivity and Forest Conservation: Evidence from the Brazilian Amazon, SSRN Working Paper, 3031416.

Koch, N., Basse Mama, H. (2016): European climate policy and industrial relocation: Evidence from German multinational firms, SSRN Working Paper, 2868283.

Koch, N., Markellos, R. (2016): The pricing of environmental risks with non-pecuniary benefits, EAERE 2017 Conference Paper.


Latest Publications

Fuss, S., Flachsland, C., Koch, N., Kornek, U., Knopf, B., Edenhofer, O., 2018

A Framework for Assessing the Performance of Cap-and-Trade Systems: Insights from the European Union Emissions Trading System

Review of Environmental Economics and Policy
Peer Review
B. Knopf; K. Burghaus; C. Flachsland; M. Jakob; N. Koch; O. Edenhofer, 2018

Shifting Paradigms in Carbon Pricing

Golub, A.A., Fuss, S.; Lubowski, R.; Hiller, J.; Khabarov, N.; Koch, N.; … Wehkamp, J., 2018

Escaping the climate policy uncertainty trap: options contracts for REDD+

Climate Policy
Peer Review
Wehkamp, J.; Pietsch, S.A.; Fuss, S.; Gusti, M.; Reuter, W.H.; Koch, N.; Kindermann, G.; Kraxner, F., 2018

Accounting for institutional quality in global forest modeling

Environmental Modelling & Software
Peer Review
Edenhofer, O.; Flachsland, C.; Wolff, C.; Schmid, L.K.; Leipprand, A.; Koch, N.; Kornek, U.; Pahle, M., 2017

Decarbonization and EU ETS Reform: Introducing a price floor to drive low-carbon investments

MCC Policy Paper

Sign up for the MCC newsletter.