Investment under uncertainty and option value in environmental economics

• Publisher: Elsevier Science
• Year: 2001
• Weight: 190 KB
• Volume: 42
• Category: Article
• ISSN: 0140-6701
• DOI: 10.1016/s0140-6701(01)80687-1

✦ Synopsis

15 Environment (pollution, health protection, safety) unrealistically large increase in fuel taxes, no single policy appears likely to be capable of achieving the target reductions by 2010, although certain combinations of policies may be able to achieve the targets. However, if the time frame is extended out to 2030, certain technologyoriented policies appear quite promising for achieving large GHG reductions.

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