Energy Investments
An Adaptive Approach to Profiting from Uncertainties
- English
- PDF
- Available on iOS & Android
About This Book
This book examines what lies behind the uncertainties surrounding the fuel and power markets. Exploring the role of renewables and how they potentially disrupt or create opportunities, it challenges widely accepted wisdoms in investment. The author asks questions such as: Are "business as usual" strategies that favour fossil fuels the best route to future prosperity? What prospects do firms face when their competitors diversify into renewables? Why do generous subsidies to renewables often fail to achieve wide-scale deployment? Illustrating how real options and option games reasoning yield vastly different insights from those gained from NPVs, Energy Investments offers case studies and simulations to demonstrate how firms can benefit from the methods it showcases.
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Table of contents
- Advance Praise from Academe and Policymakers
- Preface
- Contents
- Abbreviations
- List of Figures
- List of Tables
- List of Boxes
- Decision Context
- 1 Decision-Framing
- 2 Energy Transitions
- 3 Getting the Sums Wrong
- 4 Strategic Myopia and Certainty
- Managerial Flexibility and Competition
- 5 Why Flexibility
- 6 Valuing Managerial Flexibility
- 7 Option Games Rivals Play
- 8 Dynamic Competition
- Energy Markets and Regulatory Actions
- 9 Markets Are not Created Equal
- 10 Subsidies
- Financing and Portfolio Management
- 11 Accessing Funding
- 12 Climate Financing
- 13 Acquire or Build
- Analytical Foundation and Methodologies
- 14 Costing Energy
- 15 Appropriating Payoffs
- 16 Doing the Managerial Flexibility Maths
- Reflections and What Next
- 17 âSo Whatâ and âWhat Nextâ
- Index