This paper applies real options theory to establish an overseas oil investment evaluation model that is based on Monte Carlo simulation and is solved by the Least Squares Monte-Carlo method. To better reflect the reality of overseas oil investment, our model has incorporated not only the...

This paper applies real options theory to establish an overseas oil investment evaluation model that is based on Monte Carlo simulation and is solved by the Least Squares Monte-Carlo method. To better reflect the reality of overseas oil investment, our model has incorporated not only the...

In this research, the impact of the European Emission Trading Scheme (EU ETS) on the corporate value of European electricity corporations has been measured, and a comparison study of the impact between phase I and phase II of the EU ETS has been performed. To achieve this, a modified multifactor...

This paper applies portfolio theory to evaluate China's 2020-medium-term plans for generating technologies and its generating portfolio. With reference to the risk of relevant generating-cost streams, the paper discusses China's future development of efficient (Pareto optimal) generating...

This paper applies real options theory to overseas oil investment by adding an investment-environment factor to oil-resource valuation. A real options model is developed to illustrate how an investor country (or oil company) can evaluate and compare the critical value of oil-resource investment...

In this paper, a real options based binominal lattices model for the investment of coal bed methane (CBM) is conducted. CBM prices and market demand are incorporated into the model as the predominant uncertain factors and it is solved by using the bidimensional binominal lattices approach. Then...

This paper establishes a carbon capture and storage (CCS) investment evaluation model based on real options theory considering uncertainties from the existing thermal power generating cost, carbon price, thermal power with CCS generating cost, and investment in CCS technology deployment. The...

Carbon capture and storage (CCS) technology, which has been considering one of the effective carbon reduction options, is induced in the self-constructed aggregated economic technological model in this paper, and the development potential of CCS under the given climate policies is depicted. We...

The estimation of CO2 emissions reduction potential in China is an important issue for China's energy policy. In this paper, data envelopment analysis (DEA) is used to evaluate the carbon emission performance of 29 Chinese provincial administrative regions (Tibet and Taiwan are not included...

Carbon tax is an effective option for internalizing climate change and correcting market failure, an optimal set of carbon taxes can result in superior carbon mitigation. Then what is the optimal trajectory of carbon tax under various carbon-constrained scenarios, and what are the impacts of...