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Improved representation of investment decisions in assessments of CO2 mitigation

Author

Listed:
  • Gokul C. Iyer

    (University of Maryland, School of Public Policy
    Pacific Northwest National Laboratory, Joint Global Change Research Institute)

  • Leon E. Clarke

    (Pacific Northwest National Laboratory, Joint Global Change Research Institute)

  • James A. Edmonds

    (Pacific Northwest National Laboratory, Joint Global Change Research Institute)

  • Brian P. Flannery

    (Resources for the Future)

  • Nathan E. Hultman

    (University of Maryland, School of Public Policy)

  • Haewon C. McJeon

    (Pacific Northwest National Laboratory, Joint Global Change Research Institute)

  • David G. Victor

    (UC San Diego, School of International Relations and Pacific Studies)

Abstract

Assessments of emissions mitigation patterns have largely ignored differences in investment risk across technologies and regions. With a model accounting for such differences in the electricity generation sector, research now finds that mitigation costs are higher than with no risk variation, and highlights the importance of institutional reforms to lower investment risks.

Suggested Citation

  • Gokul C. Iyer & Leon E. Clarke & James A. Edmonds & Brian P. Flannery & Nathan E. Hultman & Haewon C. McJeon & David G. Victor, 2015. "Improved representation of investment decisions in assessments of CO2 mitigation," Nature Climate Change, Nature, vol. 5(5), pages 436-440, May.
  • Handle: RePEc:nat:natcli:v:5:y:2015:i:5:d:10.1038_nclimate2553
    DOI: 10.1038/nclimate2553
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