Climate policy uncertainty and power generation investments: A real options-CVaR portfolio optimization approach

A decision support framework has been provided to assist investors with long-term decision-making for investment choices in power generation assets under uncertain climate policy. The model combines real options analysis and modern portfolio optimization theory. A long-term correlation between carbo...

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Bibliographic Details
Main Authors: ShahNazari, M., Maybee, Bryan, Whale, J., McHugh, A.
Other Authors: -
Format: Conference Paper
Published: Elsevier Ltd 2015
Subjects:
Online Access:http://hdl.handle.net/20.500.11937/20902