Climate policy uncertainty and investment risk
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...
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| Otros Autores: | , , |
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Paris :
International Energy Agency
c2007.
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| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009705710606719 |
| Sumario: | 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 |
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| Notas: | "Researched and written by Dr. William Blyth ... Dr. Ming Yang and Dr. Richard Bradley."--Acknowledgements. |
| Descripción Física: | 1 online resource (144 p.) |
| Bibliografía: | Includes bibliographical references (p. 139-142). |
| ISBN: | 9789264030145 |
