Holdings: Transition to Clean Capital, Irreversible Investment and Stranded Assets

Transition to Clean Capital, Irreversible Investment and Stranded Assets

This paper uses a Ramsey model with two types of capital to analyze the optimal transition to clean capital when polluting investment is irreversible. The cost of climate mitigation decomposes as a technical cost of using clean instead of polluting...

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Bibliographic Details
Main Authors:	Rozenberg, Julie, Vogt-Schilb, Adrien, Hallegatte, Stephane
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ABATEMENT ABATEMENT COST ABATEMENT COSTS AFFILIATED ORGANIZATIONS ALLOCATION ALLOWANCE ALLOWANCE ALLOCATION ARBITRAGE ASSETS ATMOSPHERE ATMOSPHERIC CONCENTRATION CAPITAL COSTS CAPITAL MARKETS CAPITAL PRODUCES CAPITAL STOCKS CARBON CARBON BUDGET CARBON EMISSIONS CARBON INTENSITY CARBON POLICY CARBON PRICE CARBON PRICES CARBON TAX CARBON TAXES CLEAN AIR CLEAN ELECTRICITY CLEAN ENERGY CLEAN TECHNOLOGIES CLIMATE CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE DAMAGES CLIMATE OBJECTIVES CLIMATE POLICIES CLIMATE POLICY CO CO2 COAL COAL PLANT COLLECTIVE ACTION CONCENTRATION CEILING CONSUMERS COST OF ABATEMENT COST OF CARBON DAMAGES DEPRECIATION DEVELOPMENT POLICY DISCOUNT RATE DISCOUNT RATES DISTRIBUTIONAL IMPACTS ECOLOGICAL ECONOMICS ECONOMIC CONDITIONS ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMICS ELASTICITY ELASTICITY OF SUBSTITUTION ELECTRICITY PRODUCTION EMISSION EMISSION ALLOWANCES EMISSION REDUCTIONS EMISSIONS ENERGY ECONOMICS ENERGY EFFICIENCY ENERGY EFFICIENCY STANDARDS ENERGY INFRASTRUCTURE ENERGY INTENSITY ENERGY POLICY ENERGY SAVINGS ENERGY USE ENVIRONMENTAL ECONOMICS ENVIRONMENTAL POLICY EQUILIBRIUM EQUILIBRIUM ANALYSIS EXTERNALITIES EXTERNALITY FINANCIAL MARKETS FINANCIAL SUPPORT FUNCTIONAL FORMS GHG GLOBAL EMISSIONS GLOBAL WARMING GREENHOUSE GREENHOUSE EFFECT GREENHOUSE GASES GREENHOUSE GASES EMISSIONS HUMAN CAPITAL INCOME INCOME EFFECT INTEREST RATE INTERGENERATIONAL EQUITY INVESTMENT BEHAVIOR INVESTMENT REGULATION JOBS LAISSEZ-FAIRE LOW-CARBON MARGINAL COST MARGINAL PRODUCTIVITY MARGINAL UTILITY MARKET FAILURE MULTIPLIERS NEGATIVE EXTERNALITY NOX NUCLEAR POWER PATENTS PERFORMANCE STANDARD PERFORMANCE STANDARDS POLITICAL ECONOMY POWER PLANTS PRESENT VALUE PRICE INCREASE PRODUCTION FUNCTION PROFITABILITY PUBLIC GOODS RATE OF RETURN REBATES REGULATORY CAPTURE RELATIVE PRICE RESOURCE ECONOMICS SAVINGS SECONDARY MARKETS SHADOW PRICE SHADOW PRICES SOCIAL COST STRANDED ASSETS SUBSTITUTION SUBSTITUTION EFFECT TAX TAX REVENUE TRADE SYSTEM TRADE-OFF UNEMPLOYMENT UTILITY FUNCTION UTILITY MAXIMIZATION VOTERS WEALTH WIND
Online Access:	http://documents.worldbank.org/curated/en/2014/05/19457792/transition-clean-capital-irreversible-investment-stranded-assets http://hdl.handle.net/10986/18343

Internet

http://documents.worldbank.org/curated/en/2014/05/19457792/transition-clean-capital-irreversible-investment-stranded-assets
http://hdl.handle.net/10986/18343

Transition to Clean Capital, Irreversible Investment and Stranded Assets

Internet

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