Evaluating the power investment options with uncertainty in climate policy

By Ming Yang, W. Blyth, R. Bradley, D. W. Bunn, C. Clarke, T. Wilson. 2008

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Risk-based methods for sustainable energy system planning: a review (2017, unknown): “An important conclusion of their work suggests: the shorter the time before a future climate policy event, the higher the impact of climate change policy risks on the investment decision (a conclusion also reported in [35]).”
Climate policy modeling: An online SCI-E and SSCI based literature review (2015, methodology): “[109] used a real options model for analyzing the effects of government climate policy on investment risks in the power sector.”
Perceptions and responses to climate policy risks among California farmers (2013, background): “Yang et al. (2008) examine how climate policy risks and uncertainty drives investors Global Environmental Change xxx (2013) xxx–xxx A R T I C L E I N F O Article history: Received 18 January 2013 Received in revised form 2 August 2013 Accepted 6 August 2013 Keywords: Climate change adaptation…”
A novel modeling based real option approach for CCS investment evaluation under multiple uncertainties (2014, background): “Nevertheless, power plants in China with CCS investment have their own specific characteristics: (1) the investment costs are mostly irreversible; (2) the timing of CCS retrofitting is at the discretion of the firm; (3) the high uncertainty of payoff; (4) the scarce cumulative information, technolog”