Mitigating Global Warming: A Real Options Approach
Accéder
Auteur(s)
Chesney, Marc
Accéder
Texte intégral indisponibleTexte intégral indisponibleBeschreibung
Mitigation and adaptation represent two solutions to the issue of global warming. While mitigation aims at reducing CO2 emissions and preventing climate change, adaptation encompasses a broad scope of techniques used to reduce the impacts of climate change once they have occurred. Both have direct costs on a country’s Gross Domestic Product, but costs also arise from temperature increases due to inaction. This paper introduces a tipping point in a real options model and analyzes optimal investment choices in mitigation and their timing.
Institution partenaire
Langue
English
Datum
2017
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