Is certainty in carbon policy better than uncertainty?

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• 作者：Liang Chen^a ; ^{liang.chen@whu.edu.cn} ; Janne Kettunen ; ^b ; ^{jkettune@gwu.edu}
• 关键词：OR in energy ; Game theory ; Uncertainty and risk ; Capacity investment
• 刊名：European Journal of Operational Research
• 出版年：2017
• 出版时间：1 April 2017
• 年：2017
• 卷：258
• 期：1
• 页码：230-243
• 全文大小：995 K
• 卷排序：258

文摘

We develop a model for assessing the impacts of carbon policies in an oligopoly market. We examine how risk attitudes moderate the merits of policy certainty and uncertainty. Periodic revising of CO2 emission targets is beneficial for consumers and firms. Investing in renewable technologies is beneficial when uncertainty increases. Carbon policy uncertainty can prevent a high market share of renewable technologies.