Kenyon, Chris;
Macrina, Andrea;
Berrahoui, Mourad;
(2023)
The carbon equivalence principle: methods for project finance.
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Abstract
The carbon equivalence principle states that all financial products shall contain a term sheet of the equivalent carbon flows from greenhouse gases that the financial products cause or enable. This reveals that all existing financial products may already be environment-related. Chris Kenyon, Andrea Macrina and Mourad Berrahoui focus on project finance and show how the costs and risks associated with carbon footprints can be priced. Using a flexible linear-programming formulation where a carbon net-zero constraint can be added, they introduce project redesigns that are financially net zero and achieve mitigation of carbon obligation.
| Type: | Article |
|---|---|
| Title: | The carbon equivalence principle: methods for project finance |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | https://www.risk.net/cutting-edge/7956405/the-carb... |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher's terms and conditions. |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Maths and Physical Sciences UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Maths and Physical Sciences > Dept of Mathematics |
| URI: | https://discovery-pp.ucl.ac.uk/id/eprint/10177589 |
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