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Analyzes emissions markets in a real options setting
Clear description (through examples) of the dynamic decision-making processes of emitting companies in the context of the EU ETS
Designed for undergraduate and graduate students, journalists, policy makers and NGOs
The current economic and environmental situation poses fundamental questions that this book aims to answer: Under which conditions could a market-based approach contribute to a decrease in emissions? How are abatement and investment strategies generated or promoted under permit regimes like the European Union Emission Trading Scheme (EU ETS)? In the context of the EU ETS, what is the trade-off between production, technological changes and pollution?
This book is intended to provide students and practitioners the knowledge and theoretical tools they need in order to answer these and other more general questions in the context of so-called environmental finance theory, a new field of research that investigates the economic, financial and managerial impacts of market-based environmental policies.
Content Level »Upper undergraduate
Keywords »Climate Change - Emissions Trading Schemes - Environmental Economics - Environmental Finance - Global Warming - Real Options