This study adopts a real options perspective to analyze the implementation of emission control measures. By applying real options theory, we examine the flexibility and strategic decision-making inherent in adopting emission control measures in various contexts. Through a synthesis of theoretical frameworks and empirical evidence, we explore how real options analysis can inform decision-making processes related to emission reduction initiatives. Our study contributes to the literature by offering insights into the application of real options theory in environmental management and sustainability initiatives.

Emission control, Real options, Decision-making

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