Real Option Analysis and Climate Change A New Framework for Environmental Policy Analysis
This book sets out to reframe the theory of real options so that it can be used to support environmental investments for climate change adaptation and mitigation. Climate change policy often involves making decisions that concern extended time periods, and doing so under considerable uncertainty. By...
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| Format: | eBook |
| Language: | English |
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Cham
Springer International Publishing
2020, 2020
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| Edition: | 1st ed. 2020 |
| Series: | Springer Climate
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| Online Access: | |
| Collection: | Springer eBooks 2005- - Collection details see MPG.ReNa |
Table of Contents:
- 1. Prolegomena: What does real option Analysis bring to climate change Policy?
- 2. Toward a general theory of real options
- 3. Real option analysis: a work in progress in need of progress
- 4. Extreme events, CatBonds, ROA in the context of Fat Tail distributions and the Weitzman effect
- 5. Global CO2 Emission through the Looking Glass of ROA
- 6. Internationalization of the Response: the Example of REDD Credits
- 7. Prioritization of investments needed to avoid the unmanageable (mitigation) and to manage the unavoidable (adaptation)
- 8. Unanswered Questions about Uncertainty, Information and Investment Decisions