Real Option Analysis and Climate Change: A New Framework for Environmental Policy Analysis
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- Artikel-Nr.: 10387433
Beschreibung
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
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