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Real Option Analysis and Climate Change

Real Option Analysis and Climate Change


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About the Book

1. Prolegomena: What does real option Analysis bring to climate change Policy?.- 2. Toward a general theory of real options.- 3. Real option analysis: a work in progress in need of progress.- 4. Extreme events, CatBonds, ROA in the context of Fat Tail distributions and the Weitzman effect.- 5. Global CO2 Emission through the Looking Glass of ROA.- 6. Internationalization of the Response: the Example of REDD Credits.- 7. Prioritization of investments needed to avoid the unmanageable (mitigation) and to manage the unavoidable (adaptation).- 8. Unanswered Questions about Uncertainty, Information and Investment Decisions
About the Author: 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.


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Product Details
  • ISBN-13: 9783030120634
  • Publisher: Springer International Publishing
  • Publisher Imprint: Springer
  • Height: 234 mm
  • No of Pages: 160
  • Series Title: Springer Climate
  • Sub Title: A New Framework for Environmental Policy Analysis
  • Width: 156 mm
  • ISBN-10: 3030120635
  • Publisher Date: 14 Aug 2020
  • Binding: Paperback
  • Language: English
  • Returnable: Y
  • Spine Width: 10 mm
  • Weight: 308 gr


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