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Mitigating global warming: a real options approach.
- Source :
- Annals of Operations Research; Aug2017, Vol. 255 Issue 1/2, p465-506, 42p
- Publication Year :
- 2017
-
Abstract
- Mitigation and adaptation represent two solutions to the issue of global warming. While mitigation aims at reducing $$\hbox {CO}_2$$ emissions and preventing climate change, adaptation encompasses a broad scope of techniques used to reduce the impacts of climate change once they have occurred. Both have direct costs on a country's gross domestic product, but costs also arise from temperature increases due to inaction. This paper introduces a tipping point in a real options model and analyzes optimal investment choices in mitigation and their timing. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 02545330
- Volume :
- 255
- Issue :
- 1/2
- Database :
- Complementary Index
- Journal :
- Annals of Operations Research
- Publication Type :
- Academic Journal
- Accession number :
- 124316231
- Full Text :
- https://doi.org/10.1007/s10479-016-2258-5