misleading are climate strategies designed without accounting for such uncertainty? The main idea underlying the present piece of … research is to assess and discuss the effect of endogenizing this uncertainty on optimal R&D investment trajectories and carbon …, accounting for uncertainty and irreversibility would affect both the optimal level of investment in R&D -which should be higher …

misleading are climate strategies designed without accounting for such uncertainty? The main idea underlying the present piece of … research is to assess and discuss the effect of endogenizing this uncertainty on optimal R&D investment trajectories and carbon …, accounting for uncertainty and irreversibility would affect both the optimal level of investment in R&D –which should be higher …

(CVaR) approach is adapted to deal with demand uncertainty and the stochastic CO2 emission level. Finally, the model outputs …

particular, we show that, in the illustrative example, the exchange-rate uncertainty cannot be completely eliminated by financial … hedging in the presence of demand uncertainty. In this situation, we find that the integrated model can result in better …