The Resource Policy uncertainty and investment in low-carbon technology, Silvia Albrizio and Hélia Costa

Policy uncertainty and investment in low-carbon technology, Silvia Albrizio and Hélia Costa

Label
Policy uncertainty and investment in low-carbon technology
Title
Policy uncertainty and investment in low-carbon technology
Statement of responsibility
Silvia Albrizio and Hélia Costa
Creator
Contributor
Subject
Language
eng
Summary
In the context of an emission trading scheme (ETS), we study how uncertainty over the environmental policy affectsfirms' investment in low-carbon technologies. We develop a three period sequential model that combines the industry and the electricity sectors and encompasses both irreversible and reversible investment possibilities for the firms. Additionally, we explicitly model the policy uncertainty in the regulator's objective function as well as the market interactions that give rise to an endogenous price of permits. We find that uncertainty reduces irreversible investment and that the availability of both reversible and irreversible technologies partially eliminates the positive effect of policy uncertainty on reversible technology found in previous literature. Furthermore, we provide a framework that allows to assess the efficiency of different implementations of the scheme
Member of
Cataloging source
IT-FiEUI
http://library.link/vocab/creatorName
Albrizio, Silvia
Index
no index present
Literary form
non fiction
http://library.link/vocab/relatedWorkOrContributorName
  • Costa, Hélia
  • European University Institute
Series statement
  • EUI working papers. ECO
  • EUI papers
Series volume
2012/27
http://library.link/vocab/subjectName
  • Emissions trading
  • Carbon dioxide mitigation
  • Energy policy
Label
Policy uncertainty and investment in low-carbon technology, Silvia Albrizio and Hélia Costa
Link
http://hdl.handle.net/1814/24914
Instantiates
Publication
Note
Subject: D78; D80; L51; Q58; Emission Trading Scheme; Low-carbon investment; Policy uncertainty; Mechanism design; Irreversible and reversible investment
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb17214063
Dimensions
30 cm.
Extent
33 pages
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)827953709
Label
Policy uncertainty and investment in low-carbon technology, Silvia Albrizio and Hélia Costa
Link
http://hdl.handle.net/1814/24914
Publication
Note
Subject: D78; D80; L51; Q58; Emission Trading Scheme; Low-carbon investment; Policy uncertainty; Mechanism design; Irreversible and reversible investment
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb17214063
Dimensions
30 cm.
Extent
33 pages
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)827953709

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