Environmental Finance and Investments

Abstract

...]the authors focus on the application of market-based instruments to incentivize the behavior and change needed to deliver environmental quality and mitigate environmental risk. Environmental Finance and Investments goes beyond the many issues and topics that are mainstays of technological investment (and disinvestment) decisions in cap-and-trade programs to discuss net present value, discounted cash flow, option pricing with the binomial model, and the pricing of European and US options using the Black-Scholes model.