Publication:
Climate Cost Uncertainty, Retrofit Cost Uncertainty, and Infrastructure Closedown : A Framework for Analysis

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dc.contributor.authorMiller, Sebastian
dc.contributor.authorStrand, Jon
dc.date.accessioned2014-09-02T18:32:12Z
dc.date.available2014-09-02T18:32:12Z
dc.date.issued2010-02
dc.description.abstractLarge and energy-intensive infrastructure investments with long life times have substantial implications for climate policy. This study focuses on options to scale down energy consumption and carbon emissions now and in the future, and on the costs of doing so. Two ways carbon emissions can be reduced post-investment include retrofitting the infrastructure, or closing it down. Generally, the presence of bulky infrastructure investments makes it more costly to reduce emissions later. Moreover, when expected energy and environmental costs are continually rising, inherent biases in the selection processes for infrastructure investments lead to excessive energy intensity in such investments. Thus great care must be taken when choosing the energy intensity of the infrastructure at the time of investment. Simulations indicate that optimally exercising the retrofit option, when it is available, reduces ex ante expected energy consumption relative to the no-option case. Total energy plus retrofit costs can also be substantially reduced, the more so the larger is ex ante cost uncertainty. However, the availability of the retrofit option also leads to a more energy intensive initial infrastructure choice; this offsets some, but usually not all, of the gains from options for subsequent retrofitting.en
dc.identifierhttp://documents.worldbank.org/curated/en/2010/02/11795686/climate-cost-uncertainty-retrofit-cost-uncertainty-infrastructure-closedown-framework-analysis
dc.identifier.doi10.1596/1813-9450-5208
dc.identifier.urihttps://hdl.handle.net/10986/19921
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 5208
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABATEMENT POLICIES
dc.subjectALTERNATIVE ENERGY
dc.subjectALTERNATIVE ENERGY TECHNOLOGIES
dc.subjectAPPROACH
dc.subjectATMOSPHERE
dc.subjectAVAILABILITY
dc.subjectBALANCE
dc.subjectCALCULATION
dc.subjectCAPITAL COST
dc.subjectCAPS
dc.subjectCARBON
dc.subjectCARBON CAPTURE
dc.subjectCARBON DIOXIDE
dc.subjectCARBON DIOXIDE EMISSIONS
dc.subjectCARBON EMISSIONS
dc.subjectCENTRAL CITIES
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGE
dc.subjectCLIMATE POLICY
dc.subjectCO
dc.subjectCO2
dc.subjectCONSUMPTION OF FOSSIL
dc.subjectCOST-BENEFIT
dc.subjectCOSTS OF EMISSIONS
dc.subjectDEW
dc.subjectDISCOUNT RATE
dc.subjectDISCOUNT RATES
dc.subjectDISTRIBUTION OF ENERGY
dc.subjectDRIVERS
dc.subjectECONOMIC ANALYSIS
dc.subjectEMISSION
dc.subjectEMISSION ABATEMENT
dc.subjectEMISSIONS CONTROL
dc.subjectEMISSIONS INTENSITY
dc.subjectEMISSIONS PRICES
dc.subjectEMISSIONS TAXES
dc.subjectENERGY CONSUMPTION
dc.subjectENERGY COSTS
dc.subjectENERGY DEMAND
dc.subjectENERGY ECONOMICS
dc.subjectENERGY EFFICIENCY
dc.subjectENERGY EXPENDITURE
dc.subjectENERGY EXPENDITURES
dc.subjectENERGY INTENSIVE
dc.subjectENERGY POLICIES
dc.subjectENERGY POLICY
dc.subjectENERGY PRICE
dc.subjectENERGY PRICES
dc.subjectENERGY PRODUCTION COSTS
dc.subjectENERGY REQUIREMENT
dc.subjectENERGY SOURCES
dc.subjectENERGY SUPPLY
dc.subjectENERGY TAXES
dc.subjectENERGY TECHNOLOGY
dc.subjectENERGY USE
dc.subjectENVIRONMENTAL COSTS
dc.subjectENVIRONMENTAL ECONOMICS
dc.subjectEXTERNALITIES
dc.subjectFOSSIL
dc.subjectFOSSIL ENERGY
dc.subjectFOSSIL ENERGY USE
dc.subjectFOSSIL FUEL
dc.subjectFOSSIL FUELS
dc.subjectFUEL
dc.subjectFUEL CONSUMPTION
dc.subjectFUEL COSTS
dc.subjectFUEL EXTRACTION
dc.subjectFUEL MARKET
dc.subjectFUTURE PRICES
dc.subjectGHG
dc.subjectGHGS
dc.subjectGREENHOUSE
dc.subjectGREENHOUSE GASES
dc.subjectHIGH ENERGY
dc.subjectHIGH ENERGY INTENSITY
dc.subjectINCOME
dc.subjectINFRASTRUCTURE COST
dc.subjectINFRASTRUCTURE COSTS
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINFRASTRUCTURES
dc.subjectLOW-CARBON
dc.subjectMARGINAL UTILITY
dc.subjectMARKET FAILURE
dc.subjectPOPULATION DENSITY
dc.subjectPP
dc.subjectPUBLIC TRANSPORT
dc.subjectRENEWABLE ENERGIES
dc.subjectRENEWABLE ENERGY
dc.subjectRENEWABLE ENERGY PRODUCTION
dc.subjectRESOURCE ECONOMICS
dc.subjectRETROFIT OPTION
dc.subjectRETROFITTING
dc.subjectRISK AVERSION
dc.subjectSCENARIOS
dc.subjectSTOCHASTIC PROCESS
dc.subjectSUBSTITUTION
dc.subjectSUBURBS
dc.subjectSUPPLY COSTS
dc.subjectTOTAL COST
dc.subjectTOTAL COSTS
dc.subjectTRANSPORT
dc.subjectTRANSPORT SYSTEM
dc.subjectTRANSPORT SYSTEMS
dc.subjectTRANSPORTATION
dc.subjectTRANSPORTATION COSTS
dc.subjectTRUE
dc.subjectUTILITY FUNCTION
dc.subjectWEALTH
dc.subjectZERO EMISSIONS
dc.titleClimate Cost Uncertainty, Retrofit Cost Uncertainty, and Infrastructure Closedown : A Framework for Analysisen
dspace.entity.typePublication
okr.crosscuttingsolutionareaClimate Change
okr.crossref.titleClimate Cost Uncertainty, Retrofit Cost Uncertainty, And Infrastructure Closedown : A Framework For Analysis
okr.date.disclosure2010-02-28
okr.date.doiregistration2025-04-10T11:55:27.298131Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2010/02/11795686/climate-cost-uncertainty-retrofit-cost-uncertainty-infrastructure-closedown-framework-analysis
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeEnergy and Extractives
okr.globalpracticeEnergy and Extractives
okr.guid705801468331139595
okr.identifier.doi10.1596/1813-9450-5208
okr.identifier.externaldocumentum000158349_20100216102532
okr.identifier.internaldocumentum11795686
okr.identifier.reportWPS5208
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/02/16/000158349_20100216102532/Rendered/PDF/WPS5208.pdfen
okr.sectorEnergy and mining :: General energy sector
okr.themeEnvironment and natural resources management :: Climate change
okr.themeEnvironment and natural resource management
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicTransport Economics Policy and Planning
okr.topicEnergy::Energy Production and Transportation
okr.topicEnvironment::Environment and Energy Efficiency
okr.topicTransport
okr.unitEnvironment and Energy Team, Development Research Group
okr.volume1 of 1
relation.isAuthorOfPublicationc9d5219c-9076-5386-b0d2-03bab820c61d
relation.isAuthorOfPublication.latestForDiscoveryc9d5219c-9076-5386-b0d2-03bab820c61d
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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