Here is a presentation I made to a Forum of the Melbourne Centre for Financial Studies on May 17, 2007 on measuring Carbon Value-at-Risk/ Value-of-Gain. This builds on the material presented to the Melbourne Financial Services Symposium in March 2007 (see Business Papers post). It lays out the sequence of steps by which the carbon exposure of a firm can be quantified. In this process the strategic and tactical alternatives open to the firm for managing carbon can be precisely identified.
Link to the Forum presentation here.