Climate policy uncertainty and investment risk.

• Tác giả: William Blyth, Richard Bradley, Ming Yang
• Ngôn ngữ: eng
• ISBN-10: 926403014X
• ISBN-13: 978-9264030145
• Ký hiệu phân loại: 551.5 Meteorology
• Thông tin xuất bản: Paris : International Energy Agency, ©2007.
• Mô tả vật lý: 142 pages : , illustrations ; , 23 cm.
• Bộ sưu tập: Khoa học tự nhiên
• ID: 282066
• Chủ đề: 1. Climatic changes--Economic aspects; 2. Climatic changes--Government policy; 3. Energy industries--Environmental aspects; 4. Energy policy; 5. Investments--Environmental aspects

Includes bibliographical references (pages 139-142)

Tóm tắt

Our climate is changing. Less certain, however, is the timing and magnitude of climate change, and the cost of transition to a low-carbon world. This book identifies how climate change policy uncertainty may affect investment behavior in the power sector. For power companies, where capital stock is intensive and long-lived, those risks rank among the biggest and can create an incentive to delay investment. Our analysis results show that the risk premiums of climate change uncertainty can add 40% of construction costs of the plant for power investors, and 10% of price surcharges for the electricity end-users. This publication tells what can be done in policy design to reduce these costs.--Publisher's description.