Risk and Return in Environmental Economics
I examine the risk/return tradeoff for environmental investments, and its implications for policy choice. Consider a policy to reduce carbon emissions. To what extent does the value of such a policy depend on the expected future damages from global warming versus uncertainty over those damages, i.e....
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| Format: | Working Paper |
| Language: | en_US |
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MIT CEEPR
2012
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| Online Access: | http://hdl.handle.net/1721.1/72003 |