Decision making in the emissions-market under uncertainty

Gorden Spangardt (), Michael Lucht, Christian Wolf and Christian Horn
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Gorden Spangardt: Fraunhofer Institute for Environmental
Michael Lucht: Fraunhofer Institute for Environmental
Christian Wolf: Fraunhofer Institute for Environmental
Christian Horn: Fraunhofer Institute for Environmental

A chapter in Emissions Trading and Business, 2006, pp 119-132 from Springer

Abstract: Abstract In this paper a stochastic optimization model for decision making in the emissions market under uncertain boundary conditions is presented. This model aims at finding a strategy for profit optimal emissions trading/emissions reduction. The uncertainties in the emissions market are modelled via a scenario approach considering the price risk in the emissions market as well as the project risk of a potential emissions reduction project.

Keywords: Emissions trading; stochastic optimization; decision making; conditional value at risk; risk; uncertainty (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-7908-1748-5_9

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DOI: 10.1007/3-7908-1748-1_9

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