Regulatory Uncertainty: A Reason to Postpone Investments? Not Necessarily

By V. H. Hoffmann, T. Trautmann, Jens Hamprecht. 2009

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How do policies mobilize private finance for renewable energy?—A systematic review with an investor perspective (2019, background): “In some cases, mainly as a response to the newly induced risk (carbon price volatility), ETSs might lead to the postponing of RE investments [115].”
The effects of climate policy on the rate and direction of innovation: a survey of the EU ETS and the electricity sector (2012, background): “In order to provide good orientation and increase the predictability of climate policy, an important aspect for corporate investment decisions (Engau and Hoffmann, 2011; Hoffmann et al., 2009), LTT should be solid and clearly communicated.”
Modeling the Impacts of Corporate Commitment on Climate Change (2012, background): “Most recent studies have highlighted that this prevailing uncertainty and the lack of substantial commitment from some governments encourages a ‘wait and see’ approach (Jones and Levy, 2007; Luo, 2004; Boiral, 2006; The Economist Intelligence Unit, 2008), although some authors dispute this link (Hof”