Chen, Yu-Fu; Funke, Michael; Glanemann, Nicole - 2021
reductions in the next few years. The central twist of this paper is the addition of this limited time to act into a non …-perpetual real options framework analyzing optimal climate policy under uncertainty. The window-of-opportunity modelling setup shows … that the limited time to act may spark a trend reversal in the direction of low-carbon alternatives. However, the …