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Examining the business case of voluntary emissions reductions : a robust optimisation approach

Symons, John Walter (2013) Examining the business case of voluntary emissions reductions : a robust optimisation approach. PhD thesis, Victoria University.

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Abstract

Climate change is an important issue both for society and for companies which invest in long term projects. However, climate change futures are inherently uncertain, and this raises important questions about how companies should take account of such climate effects and uncertainties in choosing investment projects. In some circumstances voluntary emissions reductions, that is reductions in emissions not directly mandated by predictable financial returns, can be privately beneficial for the firm on a net basis, in addition to generating broader social benefits not directly captured by the firm. This thesis develops methods by which firms can include these future climate effects and uncertainties into capital budgeting and investment appraisal, and uses these methods to explore the conditions in which voluntary emissions reductions might provide net benefits to firms.

Item Type: Thesis (PhD thesis)
Uncontrolled Keywords: budgets, capital budgeting, investment appraisals, investments, investment projects, environmental impact, corporate governance, social responsibility, businesses, climate change futures, greenhouse gas emissions, mitigation
Subjects: FOR Classification > 1503 Business and Management
Faculty/School/Research Centre/Department > Centre for Strategic Economic Studies (CSES)
Depositing User: VU Library
Date Deposited: 04 Mar 2015 01:33
Last Modified: 04 Mar 2015 01:36
URI: http://vuir.vu.edu.au/id/eprint/26238
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