Improved representation of investment decisions in assessments of CO2 mitigation

Gokul C. Iyer (), Leon E. Clarke, James A. Edmonds, Brian P. Flannery, Nathan E. Hultman, Haewon C. McJeon and David G. Victor
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Gokul C. Iyer: University of Maryland, School of Public Policy
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

Nature Climate Change, 2015, vol. 5, issue 5, 436-440

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.

Date: 2015
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DOI: 10.1038/nclimate2553

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