Modeling Environment-improving Technological Innovations Under Uncertainty

by Golub, Alexander; Markandya, Anil

• ISBN13: 9780203886465
• ISBN10: 0203886461
• Copyright: 2008-12-08
• Publisher: Taylor & Francis

Summary

This book presents a compendium of methodologies for evaluating the economic impact of technological innovation upon climate-change policy. There is a broad consensus on the key elements of climate-change science and agreement that near-term actions are needed to prevent dangerous anthropogenic interference with the climate system. However, there is little agreement on the costs and benefits of climate policy. Any policy implementation will result in an irreversible but environment-improving investment in alternative technologies; this change will generate immediately-realized costs but significantly-delayed benefits. Hence, a critical element in policy selection is the inherent uncertainty in the climate and economy that can be expected over time.

Table of Contents

Introduction

Cost and benefits of climate policy under uncertainty

Trade-offs between expectations and uncertainties: Application of Real Option Methodology for Climate Policy Analysis

Learning about Climate Change and Implications for Near-term Policy

Structural Uncertainty in the DICE Model

Abatement Cost Uncertainty and Policy Instrument Selection Under a Stringent Climate Policy. A Dynamic Analysis

The Effects of Climate Policy on the Energy Technology Mix: An Integrated CVaR and Real Options Approach

Risk-averse firm and new technologies

The Evolution of Technological Complexity: An agent-based simulation model of the global energy system, Appendix A--Main Mathematical Formulations of the Model

Does the Kyoto Protocol Cost too much and Create Unbreakable Barriers for Economic Growth?

Improving the Contribution of Economic Models in Evaluating Energy and Climate Change Mitigation Policies

The Economic Benefits of an Energy-Efficient and Onsite Renewable Energy Strategy to Meet Growing Electricity Needs in Texas

Low-cost offsets and inncentives for new technologie

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