1st Edition

Modeling Environment-Improving Technological Innovations under Uncertainty

352 Pages 90 B/W Illustrations

by Routledge

352 Pages 90 B/W Illustrations

by Routledge

352 Pages 90 B/W Illustrations

by Routledge

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Description

The issues of technology and uncertainty are very much at the heart of the policy debate of how much to control greenhouse gas emissions. The costs of doing so are present and high while the benefits are very much in the future and, most importantly, they are highly uncertain. Whilst there is broad consensus on the key elements of climate change science and agreement that near-term actions are... Read more

Introduction, Alexander Golub and Anil Markandya, 1 Cost and benefits of climate policy under uncertainty, Alexander Golub, Elena Strukova and James Wang, 2 Trade-offs between expectations and uncertainties: Application of Real Option Methodology for Climate Policy Analysis, Jon Anda, Alexander Golub and Elena Strukova, 3 Learning about Climate Change and Implications for Near-term Policy, Mort Webster, Lisa Jakobovits and James Norton, 4 Structural Uncertainty in the DICE Model, AJ A. Bostian and Alexander Golub, 5 Abatement Cost Uncertainty and Policy Instrument Selection Under a Stringent Climate Policy. A Dynamic Analysis, Valentina Bosetti, Alexander Golub, Anil Markandya, Emanuele Massetti and Massimo Tavoni, 6 The Effects of Climate Policy on the Energy Technology Mix: An Integrated CVaR and Real Options Approach, Sabine Fuss, Nikolay Khabarov, Jana Szolgayova and Michael Obersteiner, 7 Risk-averse firm and new technologies, Alexander Golub, Dan Dudek and Elena Strukova, 8 The Evolution of Technological Complexity: An agent-based simulation model of the global energy system, Tieju Ma and Arnulf Grubler, Appendix A--Main Mathematical Formulations of the Model, 9 Does the Kyoto Protocol Cost too much and Create Unbreakable Barriers for Economic Growth?, Alexander Golub, Anil Markandya and Dominic Marcellino, 10 Improving the Contribution of Economic Models in Evaluating Energy and Climate Change Mitigation Policies, John A. "Skip" Laitner, 11 The Economic Benefits of an Energy-Efficient and Onsite Renewable Energy Strategy to Meet Growing Electricity Needs in Texas, John A. "Skip" Laitner, Maggie Eldridge and R. Neal Elliott, 12 Low-cost offsets and incentives for new technologies. Alexander Golub and Noah Greenberg.