Investment timing decisions in hydropower adaptation projects using climate scenarios: A case study of South Korea

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• 作者：Kyeongseok Kim^a ; ^{kim.ks@yonsei.ac.kr} ; Hoyoung Jeong^a ; ^{jhy0@yonsei.ac.kr} ; Sooji Ha^a ; ^{susieha@yonsei.ac.kr} ; Seongdeok Bang^a ; ^{bangdeok@yonsei.ac.kr} ; Deg-Hyo Bae^b ; ^{dhbae@sejong.ac.kr} ; Hyoungkwan Kim^a ; ^{hyoungkwan@yonsei.ac.kr}
• 关键词：Adaptation ; Climate scenario ; Hydropower ; Investment timing ; Real options valuation
• 刊名：Journal of Cleaner Production
• 出版年：2017
• 出版时间：20 January 2017
• 年：2017
• 卷：142
• 期：part_P4
• 页码：1827-1836
• 全文大小：2363 K
• 卷排序：142

文摘

The timing of adaptation investment in hydropower plant was explored. Wise strategy for hydropower adaptation correlates with investment timing. The Adaptive Investment Model determines investment timing using climate scenarios. The economic impacts of climate change on hydropower were analyzed.