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Stranded Assets in the Transition to a Carbon-Free Economy
van der Ploeg, Rick - 2020
Assets in the fossil fuel industries are at risk of losing market value due to anticipated breakthroughs in renewable technology and governments stepping up climate policies in the light of the Paris commitments to limit global warming to 1.5 or 2 degrees Celsius. Stranded assets arise due to...
Persistent link: https://www.econbiz.de/10012843436
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Patterns of Current Account Adjustment - Insights from Past Experience
Algieri, Bernardina; Bracke, Thierry - 2021
The paper examines episodes of current account adjustment in individual economies. A central finding is that these episodes are very divergent and can be usefully classified, on the basis of cluster analysis, in three groups. A majority of cases is characterised by internal adjustment,...
Persistent link: https://www.econbiz.de/10013317000
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Optimal energy investment and R&D strategies to stabilise Greenhouse Gas atmospheric concentrations
Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele; … - 2007
The stabilisation of GHG atmospheric concentrations at levels expected to prevent dangerous climate change has become an important, global, long-term objective. It is therefore crucial to identify a cost-effective way to achieve this objective. In this paper we use WITCH, a hybrid...
Persistent link: https://www.econbiz.de/10010264276
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International energy R&D spillovers and the economics of greenhouse gas atmospheric stabilization
Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele; … - 2007
economic growth; hence, any better understanding of the process of technological innovation is likely to increase our knowledge …&D international spillovers.The basic questions are as follows. Do knowledge spillovers enhance energy technological innovation in … different regions of the world? Does the speed of innovation increase? Or do free-riding incentives prevail and international …
Persistent link: https://www.econbiz.de/10010265457
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A strategic R&D investment with flexible development time in real option game analysis
Villani, Giovanni - 2009
The real option theory provides a useful tool to evaluate an R&D investment under uncertainty because, unlike the NPV (Net Present Value), it considers the managerial flexibility that may be expand the investment opportunity value. However, most R&D investment projects are open to competing...
Persistent link: https://www.econbiz.de/10010266007