UID:
almafu_9958065874302883
Format:
1 online resource (144 p.)
ISBN:
92-64-03014-X
Content:
Our climate is changing. Less certain, however, is the timing and magnitude of climate change, and the cost of transition to a low-carbon world. 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 e
Note:
"Researched and written by Dr. William Blyth ... Dr. Ming Yang and Dr. Richard Bradley."--Acknowledgements.
,
Table of contents; Executive Summary; INTRODUCTION; APPROACH TO QUANTIFYING UNCERTAINTY; INVESTMENT THRESHOLDS; COMPANY PERSPECTIVES ON MANAGING RISKS; IMPLICATIONS FOR POLICY MAKERS; APPENDIX 1 – TECHNOLOGY ASSUMPT IONS AND RESULTS SUMMARY; APPENDIX 2 - TECHNOLOGY INTERACTION EFFECTS; APPENDIX 3 - COMPANIES CONSULTED DURING THE STUDY; REFERENCES;
Language:
English
