Optimal Moments of Transition Under Environmental and Technology Policies
This chapter studies, based on the technical, economic and financing assumptions set out in chapter 5, the single and combined influence of environmental and technology policies on the utility’s choice of the optimal moment of transition from its established to the new power plants. Again, the two cases of the absence (section 7.3) and the availability of a CO2 abatement technology (section 7.4) are distinguished. Section 7.5 summarises and discusses the results.
KeywordsEnvironmental Policy Unit Cost Replacement Time Technology Policy Relevant Range
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