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	Provedor de dados AgEcon (2) Autor Brauneis, Alexander (1) Jotzo, Frank (1) Loretz, Michael (1) Palan, Stefan (1) Roland, Mestel (1) Wood, Peter John (1) Mais... Palavra-chave Price floor (2) Resource /Energy Economics and Policy (2) Carbon price (1) Carbon pricing (1) Carbon tax (1) D81 (1) Emissions trading (1) Environmental Economics and Policy (1) Investment decision (1) O38 (1) Price and quality controls (1) Price ceiling (1) Q55 (1) Real option approach (1) Technological change (1) Waxman-Markey Bill (1) Mais... Tipo do documento Report (1) Working Paper (1) Ano 2011 (1) 2009 (1) País United States (2) Idioma Inglês (2)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 2 Primeira ... 1 ... Última Inducing Low-Carbon Investment in the Electric Power Industry through a Price Floor for Emissions Trading AgEcon Brauneis, Alexander; Loretz, Michael; Roland, Mestel; Palan, Stefan. Uncertainty about long-term climate policy is a major driving force in the evolution of the carbon market price. Since this price enters the investment decision process of regulated firms, this uncertainty increases the cost of capital for investors and might deter invest-ments into new technologies at the company level. We apply a real options-based approach to assess the impact of climate change policy in the form of a constant or growing price floor on investment decisions of a single firm in a competitive environment. This firm has the opportunity to switch from a high-carbon “dirty” technology to a low-carbon “clean” technology. Using Monte Carlo simulation and dynamic programming techniques for real market data, we determine the optimal CO2 price... Tipo: Working Paper Palavras-chave: Carbon price; Price floor; Technological change; Investment decision; Real option approach; Resource /Energy Economics and Policy; D81; O38; Q55. Ano: 2011 URL: http://purl.umn.edu/119096 Price Floors for Emissions Trading AgEcon Wood, Peter John; Jotzo, Frank. Price floors in greenhouse gas emissions trading schemes can have advantages for technological innovation, price volatility, and management of cost uncertainty. Implementing the schemes, however, has pitfalls. This research report argues that requiring firms to pay an extra fee or tax is the best way to put a price floor in place. As well as providing budgetary advantages, the fee approach is more compatible with international permit trading than the alternative approaches currently dominating academic and policy debate. The fee approach can also be used for other emissions pricing schemes. Tipo: Report Palavras-chave: Price floor; Price ceiling; Carbon tax; Emissions trading; Carbon pricing; Price and quality controls; Waxman-Markey Bill; Environmental Economics and Policy; Resource /Energy Economics and Policy. Ano: 2009 URL: http://purl.umn.edu/94885 Registros recuperados: 2 Primeira ... 1 ... Última

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