Browsing Theses by Author "Kurehira, Hisatoshi"
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An Investment Decision under the Clean Development Mechanism: A Real Options Approach
Kurehira, Hisatoshi (University of Waterloo, 2009-09-08)One of the main challenges that investors in the Clean Development Mechanism (CDM) project face is the management of the volatility of the price of Certified Emission Reduction (CERs). Large scale CDM projects require a ...