| Original language | English |
|---|---|
| Title of host publication | Handbook of sustainable politics and economics of natural resources |
| Editors | Stella Tsani, Indra Overland |
| Place of Publication | Cheltenham, U.K. |
| Publisher | Edward Elgar Publishing |
| Pages | 348-365 |
| ISBN (Print) | 9781789908763 |
| DOIs | |
| Publication status | Published - 2021 |
Publication series
| Name | Elgar handbooks in energy, the environment and climate change |
|---|---|
| Publisher | Edward Elgar Publishing |
Bibliographical note
Note: This work was supported by AlmaIdea-Unibo [project: "Circular economies and climate change"].Impact: Significance: 1*
This paper provides a structural model of how perceived ambiguity regarding the effectiveness of environmental projects may potentially impede their financing. This is an important issue, but the paper's outlet is of limited visibility.
Originality: 1*
In the literature there is a clear awareness of the importance of ambiguity in the context of climate change, and some awareness of the usefulness of Choquet-Brownian motions in this context. This paper applies combines both to address the above mentioned problem. It is the first to do so, and this sense it is original.
Rigour: 2*
The mathematical application is robust in its modelling and analysis. This rigour is enhanced by the thorough discussion of ambiguity and the analysis of the alternative formulation as a robust control problem.
Overall: 1*
The paper is a fine 1* paper, clearly falling short of the 2* standard. It provides robust and useful insights, but it is parsimonious and lacks the mathematical/theoretical depth and/or empirical support one would expect of a 2* paper.
Keywords
- Economics and econometrics