Happy Holidays—Our $30 Gift Card just for you, and books ship free! Shop now>>

Springer Climate

Real Option Analysis and Climate Change

A New Framework for Environmental Policy Analysis

Authors: Morel, Benoit

Free Preview
  • Revisits real option theory and applies it to environmental and climate change policy
  • Presents detailed practical examples from different areas of climate change policy
  • Relevant for researchers and practitioners of climate change policy
see more benefits

Buy this book

eBook $89.00
price for USA in USD (gross)
  • ISBN 978-3-030-12061-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA in USD
  • ISBN 978-3-030-12060-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This book sets out to reframe the theory of real options so that it can be used to support environmental investments for climate change adaptation and mitigation. Climate change policy often involves making decisions that concern extended time periods, and doing so under considerable uncertainty. By expanding and broadening the framework of real options, this book first introduces readers to new ways of quantifying investment decisions that can much more effectively address the shape and size of the uncertainty than traditional approaches using Net Present Value. In turn, the second part of the book applies this new theoretical framework to climate change policy by presenting a number of examples, and by providing a general perspective on investment decisions related to climate change and how to prioritize them. 

About the authors

Benoît Morel did his Phd in theoretical high energy Physics in the university of Geneva. His post-doctoral career took him to Harvard university, Caltech and Stanford university before he joined the faculty of Carnegie Mellon University, in the department of Engineering and Public Policy. At Carnegie Mellon his research was at the interface between mathematics and policy analysis. In addition to do research on the subject, he taught a course in Real Options for more than ten years.
Together with his colleagues in his department at Carnegie Mellon University, he participated to a variety of projects in climate change policy analysis.

Table of contents (8 chapters)

Table of contents (8 chapters)

Buy this book

eBook $89.00
price for USA in USD (gross)
  • ISBN 978-3-030-12061-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA in USD
  • ISBN 978-3-030-12060-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Loading...

Recommended for you

Loading...

Bibliographic Information

Bibliographic Information
Book Title
Real Option Analysis and Climate Change
Book Subtitle
A New Framework for Environmental Policy Analysis
Authors
Series Title
Springer Climate
Copyright
2020
Publisher
Springer International Publishing
Copyright Holder
Springer Nature Switzerland AG
eBook ISBN
978-3-030-12061-0
DOI
10.1007/978-3-030-12061-0
Hardcover ISBN
978-3-030-12060-3
Series ISSN
2352-0698
Edition Number
1
Number of Pages
XIII, 160
Number of Illustrations
20 illustrations in colour
Topics