Edenhofer, Ottmar; Lessmann, Kai; Tahri, Ibrahim - 2021
the costs and benefits of abatement. Investors price uncertain assets according to their expected return and risk (carbon … abatement. However, their effect on the carbon beta and risk premium of abatement can be decreasing (when innovation spillovers … when the actions of the regulator fall short. These instruments must also consider the investment risk and the sequence of …