Humboldt-Universität zu Berlin - Resource Economics

Angelika von Dulong (née Vogt), Dr.


Professor Dr. Klaus Eisenack
Photo: Sebastian Pfeiffer


Research Interests



  • Economics of climate policies
  • Asset Stranding in the fossil fuels extraction, power, and financial sector
  • Analytical Modelling
  • Econometrics, Machine Learning (random forests)



Room: 1.23
Phone: +49-30-2093-46366
Fax:    +49-30-2093-46361



Academic Career

Since 2023  


Resource Economics Group

HU Berlin



Resource Economics Group
HU Berlin

Thesis: “Modeling and empirically assessing climate policies and asset stranding: Patterns of policy-induced losses in the fossil fuel extraction, power, and financial sector”

Research stays:

  • University of Bologna, Italy, Prof. N. Jaakkola
  • Wageningen University & Research, Netherlands, Prof. S. Sen
since 2018  

Doctoral Coursework
Berlin School of Economics (BSE)


Master of Science

Industrial Engineering

Technische Universität Berlin (TU Berlin), Tongji University Shanghai

Bachelor of Science

Industrial Engineering

TU Berlin, Davidson College (N.C., USA)


Selected Publications

Von Dulong, A., Gard-Murray, A., Hagen, A., Jaakkola, N., and Sen, S. (2023). Stranded assets: Research gaps and implications for climate policy, Review of Environmental Economics and Policy, 17(1).

Von Dulong, A., Hagen, A., Mendelevitch, R., and Eisenack, K. (2023) Buy coal and gas? Interfuel carbon leakage on deposit markets with market power, Energy Economics, 117, 106434.

Hagen, A., Jaakkola, N., and Vogt, A. (2023) Endogenous climate policy, systemic risk and asset stranding. Working paper presented at EAERE 2021.

Von Dulong, A. (2023) Disentangling the exposure of asset owners to power sector stranded assets across the globe. Working paper presented at EAERE 2022.

Von Dulong, A., and Hagen, A. (2023) Political-economy predictors of climate policy stringency: A machine learning approach. Working paper presented at EAERE 2021.

Eisenack, K., Hagen, A., Holz, F., Pittel, K., Vogt, A., & von Schickfus, M. T. (2022). Klimapolitik und Stranded Assets in der fossilen Wirtschaft. Ökologisches Wirtschaften, 37(2), 30-35.

Koliaï, S., Pacheco, D., Vleeschhouwer, M., Vogt, A., Thomä, J. (2022). Tracking real world emissions reductions: The missing element in portfolio alignment and net-zero target-setting approaches. 2° Investing Initiative Report. Available at:

Lessmann, K. Schütze, F., …, Vogt, A. et al. (2022) Der Finanzsektor also Klimaschützer? Das Potenzial von Sustainable Finance. Hintergrundpapier zum 11. Forum Klimaökonomie.. Available at:

Eisenack, K., Hagen, A., Mendelevitch, R., and Vogt, A. (2021) Politics, profits and climate policies: How much is at stake for fossil fuel producers? Energy Research & Social Science, Volume 77.

Pittel, K., Holz, F., …, Vogt, A., et al. (2021) Chances and Obstacles to Strengthening the Paris Agreement – The Case of Resource-Rich Countries. Background paper for the 9th Forum Climate Economics on June 10, 2021, Munich: ifo Institute (among others). Available at:

Arlinghaus, J., and Vogt, A. (2020) Air pollution exacerbates mortality during pandemics. BSE Insights on the Corona Crisis. Available at:

Hagen, A., Jaakkola, N., and Vogt, A. (2019) The interplay between expectations and climate policies: Compensation for stranded assets. IAEE Energy Forum. Available at:


Complete CV including publication list (pdf)




Humboldt-Universität zu Berlin

  • Institutional Economics and Political Economy (winter term 2020/21), Masters, with Prof. Eisenack, Humboldt-Universität zu Berlin
  • Environmental and Resource Economics II (summer term 2020 and 2021), Masters, with Prof. Eisenack, Humboldt-Universität zu Berlin
  • Environmental and Resource Economics I (summer term 2020 and 2021), Bachelors, with Prof. Eisenack, Humboldt-Universität zu Berlin

Technische Universität Berlin

  • Tutorial « Marketing- Pricing Policies » (2015-2016)

  • Tutorial « Introduction to Economic Policy» (2013-2014)



Other Activities

  • Internship at 2° Investing Initiative (2020/21)
  • Workshops on the educational climate game KEEP COOL
  • BSE conference grant (2022), HU Berlin Thaer-Insitut women’s promotion grant (2021, 2022), BSE INSIGHTS conference grant (2022), DAAD scholarship (2021), HU Berlin Graduate Center conference grant (2021), BSE full scholarship (2018/2019)
  • Student Assistant at KPMG AG (2017-2018)