Climate Policy Uncertainty and Investment Risk (International Energy Agency) by international energy agency
English | May 10, 2007 | ISBN: 926403014X | 144 Pages | PDF | 2 MB
Our climate is changing. Less certain, however, is the timing and magnitude of climate change, and the cost of transition to a low-carbon world. This book identifies how climate change policy uncertainty may affect investment behaviour in the power sector. For power companies, where capital stock is intensive and long-lived, those risks rank among the biggest and can create an incentive to delay investment.