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1 Cost and benefits of climate policy under uncertainty 9
2 Trade-offs between expectations and uncertainties : applying real options methodology to climate policy analysis 33
3 Learning about climate change and its implications for near-term policy 54
4 Structural uncertainty in the DICE model 78
5 Abatement cost uncertainty and policy instrument selection under a stringent climate policy 127
6 The effects of climate policy on the energy-technology mix : an integrated CVaR and real options approach 158
7 Risk-averse firms and new technologies 186
8 The evolution of technological complexity : an agent-based simulation model of the global energy system 205
9 Does the Kyoto Protocol cost too much and create unbreakable barriers for economic growth? 245
10 Improving the contribution of economic models in evaluating energy and climate change mitigation policies 269
11 The economic benefits of an energy-efficiency and onsite renewable energy strategy in meeting growing electricity needs in Texas 288
12 Low-cost offsets and incentives for new technologies 309
Index 327
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