Format:
Online-Ressource (PDF-Datei: 144 S.)
,
graph. Darst.
ISBN:
9789264030152
Content:
Our climate is changing. This is certain. Less certain, however, is the timing and magnitude of climate change, and the cost of transition to a low-carbon world. Therefore, many policies and programmes are still at a formative stage, and policy uncertainty is very high. This book identifies how climate change policy uncertainty may affect investment behaviour in the power sector. For power companies, where capital stock is intensive and long-lived, those risks rank among the biggest and can create an incentive to delay investment. Our analysis results show that the risk premiums of climate change uncertainty can add 40% of construction costs of the plant for power investors, and 10% of price surcharges for the electricity end-users.
Additional Edition:
ISBN 9789264030145
Additional Edition:
Erscheint auch als Druck-Ausgabe Blyth, William Climate policy uncertainty and investment risk Paris : Organisation for Economic Co-operation and Development, 2007 ISBN 9789264030145
Language:
English
Subjects:
Economics
,
General works
Keywords:
Klimaschutz
;
Energiewirtschaft
;
Investitionsverhalten
;
Risikokosten
;
Amtsdruckschrift
;
Graue Literatur
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