Becoming proactive about environmental risks: Regulatory reform and risk management in the US electricity sector
作者： Clinton J Andrews , Shivani Govil
DOI: 10.1016/0301-4215(95)00068-T
关键词:
摘要: Future environmental requirements are an important component of investment risk for long-lived facilities such as electric power plants. Yet the industry's current regulatory compact discourages proactive investments, and thus encourages suboptimal long-term compliance strategies. This paper develops indicative estimate resulting inefficiency by analysing a typical US system. It argues that market-oriented reform can encourage management utilities.
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