{"id":110,"date":"2021-04-12T01:38:01","date_gmt":"2021-04-12T05:38:01","guid":{"rendered":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/?post_type=chapter&#038;p=110"},"modified":"2022-07-14T19:30:32","modified_gmt":"2022-07-14T23:30:32","slug":"real-options","status":"publish","type":"chapter","link":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/chapter\/real-options\/","title":{"raw":"Real Options","rendered":"Real Options"},"content":{"raw":"<div class=\"no-overflow\">\r\n\r\nThe first of the three decision models we\u2019ll look at is the Real Options approach. Real options focus on the value of preserving future choices by choosing strategy pathways that maximize flexibility. The example used in this video is based on an example provided in Her Majesty\u2019s Treasury\u2019 Supplementary Green Book Guidance (2009), as reported in The Mediation Project. (n.d.).\u00a0<i><a href=\"https:\/\/www.sei.org\/mediamanager\/documents\/Publications\/sei-mediation-briefing1-method-overview.pdf\" target=\"_blank\" rel=\"noopener\">Decision support methods for climate change adaptation: Real options analysis<\/a><\/i>.\r\n\r\nhttps:\/\/mediaspace.royalroads.ca\/id\/0_08hwxmjn\r\n<h6>Video attribution: \u201cReal Options\u201d by\u00a0Todd Thexton,\u00a0Financial Impact of Climate Change,\u00a0<a href=\"https:\/\/adaptationlearningnetwork.com\/\" target=\"_blank\" rel=\"noopener\">Adaptation Learning Network<\/a>\u00a0is licensed under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/4.0\" target=\"_blank\" rel=\"noopener\">CC BY 4.0<\/a>.<\/h6>\r\n<\/div>","rendered":"<div class=\"no-overflow\">\n<p>The first of the three decision models we\u2019ll look at is the Real Options approach. Real options focus on the value of preserving future choices by choosing strategy pathways that maximize flexibility. The example used in this video is based on an example provided in Her Majesty\u2019s Treasury\u2019 Supplementary Green Book Guidance (2009), as reported in The Mediation Project. (n.d.).\u00a0<i><a href=\"https:\/\/www.sei.org\/mediamanager\/documents\/Publications\/sei-mediation-briefing1-method-overview.pdf\" target=\"_blank\" rel=\"noopener\">Decision support methods for climate change adaptation: Real options analysis<\/a><\/i>.<\/p>\n<p>https:\/\/mediaspace.royalroads.ca\/id\/0_08hwxmjn<\/p>\n<h6>Video attribution: \u201cReal Options\u201d by\u00a0Todd Thexton,\u00a0Financial Impact of Climate Change,\u00a0<a href=\"https:\/\/adaptationlearningnetwork.com\/\" target=\"_blank\" rel=\"noopener\">Adaptation Learning Network<\/a>\u00a0is licensed under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/4.0\" target=\"_blank\" rel=\"noopener\">CC BY 4.0<\/a>.<\/h6>\n<\/div>\n","protected":false},"author":120,"menu_order":6,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[48],"contributor":[],"license":[],"class_list":["post-110","chapter","type-chapter","status-publish","hentry","chapter-type-numberless"],"part":96,"_links":{"self":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/users\/120"}],"version-history":[{"count":6,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/110\/revisions"}],"predecessor-version":[{"id":311,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/110\/revisions\/311"}],"part":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/parts\/96"}],"metadata":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/110\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/media?parent=110"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapter-type?post=110"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/contributor?post=110"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/license?post=110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}