Overview
- Revisits real option theory and applies it to environmental and climate change policy
- Presents detailed practical examples from different areas of climate change policy
- Relevant for researchers and practitioners of climate change policy
Part of the book series: Springer Climate (SPCL)
Access this book
Tax calculation will be finalised at checkout
Other ways to access
Table of contents (8 chapters)
Keywords
About this book
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 expanding and broadening the framework of real options, this book first introduces readers to new ways of quantifying investment decisions that can much more effectively address the shape and size of the uncertainty than traditional approaches using Net Present Value. In turn, the second part of the book applies this new theoretical framework to climate change policy by presenting a number of examples, and by providing a general perspective on investment decisions related to climate change and how to prioritize them.
Authors and Affiliations
About the author
Together with his colleagues in his department at Carnegie Mellon University, he participated to a variety of projects in climate change policy analysis.
Bibliographic Information
Book Title: Real Option Analysis and Climate Change
Book Subtitle: A New Framework for Environmental Policy Analysis
Authors: Benoit Morel
Series Title: Springer Climate
DOI: https://doi.org/10.1007/978-3-030-12061-0
Publisher: Springer Cham
eBook Packages: Earth and Environmental Science, Earth and Environmental Science (R0)
Copyright Information: Springer Nature Switzerland AG 2020
Hardcover ISBN: 978-3-030-12060-3Published: 24 June 2019
Softcover ISBN: 978-3-030-12063-4Published: 14 August 2020
eBook ISBN: 978-3-030-12061-0Published: 12 June 2019
Series ISSN: 2352-0698
Series E-ISSN: 2352-0701
Edition Number: 1
Number of Pages: XIII, 160
Number of Illustrations: 20 illustrations in colour
Topics: Environmental Economics, Climate Change Management and Policy, Risk Management, Climate Change