Irreversible Abatement Investment Under Cost Uncertainties: Tradable Emission Permits and Emissions Charges

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Carbon Tax or Carbon Permits: The Impact on Generators’ Risks (2008, unknown): “Section 5 presents the results and section 6 concludes.”
The Endogenous Price Dynamics of Emission Allowances and an Application to CO2 Option Pricing (2012, unknown): “(For a more extensive discussion refer to Farzin and Kort (2000) and Zhao (2003).)”
Emissions trading and investment decisions in the power sector—a case study in Finland (2006, background): “…emissions trading as such does not reduce a firm's incentive to invest in abatement capital, such as renewable technologies, relative to e.g. emission taxes, since the most important uncertainty factor—the abatement cost uncertainty—is there irrespective of the regulatory instrument (Zhao, 2003).”
Technology Choice and Capacity Portfolios under Emissions Regulation (2016, unknown): “Zhao (2003) and Krysiak (2008) treat technology choice under emissions regulation in a competitive and dynamic setting.”
A Symmetric Safety Valve (2010, background): “Zhao (2003) also finds investment incentives decrease with cost uncertainty, but in the context of emissions policies tradable allowances may maintain incentives for investment in abatement technology better than emissions fees.”