Yang, Ming; Blyth, William; Bradley, Richard; Bunn, Derek; … - In: Energy Economics 30 (2008) 4, pp. 1933-1950
This paper uses a real options approach (ROA) for analysing the effects of government climate policy uncertainty on … conclusions: i) climate change policy risks can become large if there is only a short time between a future climate policy event … simulate carbon price shock under a particular climate policy event; (2) quantifying the implicit risk premium of carbon price …