Click Here to Download: https://ouo.io/X41wzBf Real Option Analysis and Climate Change A New Framework for Environmental Policy Analysis By: Benoit Morel Publisher: Springer Print ISBN: 9783030120603, 3030120600 eText ISBN: 9783030120610, 3030120619 Copyright year: 2020 Format: EPUB Available from $ 109.00 USD SKU 9783030120610 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.
