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Energy intensive infrastructure investments with retrofits in continuous time : effects of uncertainty on energy use and carbon emissions
Framstad, Nils Chr.; Strand, Jon - 2013 - This version May 16, 2013
-term investments ; retrofits ; uncertainty ; option value of waiting …. It shows that greater uncertainty about climate cost (for given unconditional expected costs) then delays the retrofit … infrastructure when uncertainty is greater. These decisions are efficient given that energy and carbon prices facing the decision …
Persistent link: https://www.econbiz.de/10009743385
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Energy Intensive Infrastructure Investments with Retrofits in Continuous Time: Effects of Uncertainty on Energy Use and Carbon Emissions
Framstad, Nils Chr.; Strand, Jon - Økonomisk institutt, Universitetet i Oslo - 2013
. It shows that greater uncertainty about climate cost (for given unconditional expected costs) then delays the retrofit … infrastructure when uncertainty is greater. These decisions are efficient given that energy and carbon prices facing the decision … maker are (globally) correct, but would be inefficient when they are lower, as typical in practice. Greater uncertainty …
Persistent link: https://www.econbiz.de/10010819015
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Energy intensive infrastructure investments with retrofits in continuous time : effects of uncertainty on energy use and carbon emissions
Framstad, Nils Chr.; Strand, Jon - In: Resource and energy economics 41 (2015), pp. 1-18
Persistent link: https://www.econbiz.de/10011514803
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The social cost of carbon with intragenerational inequality under economic uncertainty
Ploeg, Frederick van der; Emmerling, Johannes; Groom, … - 2022
A formula is derived for the social cost of carbon (SCC) that takes account of intragenerational income inequality and its evolution with economic growth. The social discount rate (SDR) should be adjusted to account for intragenerational and intergenerational inequality aversion and for risk...
Persistent link: https://www.econbiz.de/10013206181
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The role of electricity in decarbonizing European road transport : development and assessment of an integrated multi-sectoral model
Helgeson, Broghan; Peter, Jakob - 2019
Despite regulation efforts, CO2 emissions from European road transport have continued to rise. Increased use of electricity offers a promising decarbonization option, both to fuel electric vehicles and run power-to-x systems producing synthetic fuels. To understand the economic implications of...
Persistent link: https://www.econbiz.de/10011956854
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Robust Control in Global Warming Management : An Analytical Dynamic Integrated Assessment
Hennlock, Magnus - 2009
Imperfect measurement of uncertainty (deeper uncertainty) in climate sensitivity is introduced in a two …
Persistent link: https://www.econbiz.de/10013160096
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The Social Cost of Carbon with Intragenerational Inequality Under Economic Uncertainty
van der Ploeg, Rick; Emmerling, Johannes; Groom, Ben - 2022
A formula is derived for the social cost of carbon (SCC) that takes account of intragenerational income inequality and its evolution with economic growth. The social discount rate (SDR) should be adjusted to account for intragenerational and intergenerational inequality aversion and for risk...
Persistent link: https://www.econbiz.de/10014082790
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Optimal climate policy as if the transition matters
Campiglio, Emanuele; Dietz, Simon; Venmans, Frank - 2022
, clean technological progress, as well as uncertainty about climatic and economic factors, lead to lower emissions and … relative to a 'straw man' model with perfect capital mobility, fixed abatement costs and no uncertainty. …
Persistent link: https://www.econbiz.de/10013472310
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Highway Spending and Induced Vehicle Emissions : Evidence from the US States
Yu, Haowei; Zhou, You - 2021
This paper investigates the impact of state and local government highway spending on vehicle emissions. A theoretical framework is constructed to show the effect of government highway spending on passenger and freight vehicle emissions and decompose the effect into a rebound effect, an induced...
Persistent link: https://www.econbiz.de/10013242021
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Decarbonizing Light-Duty Vehicles
Stein, Amy L.; Fershee, Joshua P. - 2021
To reduce the United States’ greenhouse gas emissions by at least 80% from 1990 levels by 2050 will require multiple legal pathways for changing its transportation fuel sources. The Deep Decarbonization Pathways Project (DDPP) authors characterize the transformation required of the...
Persistent link: https://www.econbiz.de/10013213306