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Optimal timing of carbon sequestration policies

Author

Listed:
  • Jean-pierre Amigues

    (Toulouse School of Economics (INRA-LERNA))

  • Gilles Lafforgue

    (University of Toulouse, Toulouse Business School)

  • Michel Moreaux

    (Toulouse School of Economics (IDEI-LERNA))

Abstract

Carbon capture and storage (CCS) is one of the most promising abatement options to curb CO2 emissions of the energy sector. Usually, in models where the atmospheric carbon stock is constrained to not exceed a given ceiling and under constant average costs, it is never optimal to deploy CCS before the time at which this ceiling is reached. In this paper, we show that, when the CCS technology is submitted to decreasing returns to scale, abatement activities must begin earlier, i.e. before the climate constraint binds. It must also cease strictly before the end of the ceiling period.

Suggested Citation

  • Jean-pierre Amigues & Gilles Lafforgue & Michel Moreaux, 2015. "Optimal timing of carbon sequestration policies," Economics Bulletin, AccessEcon, vol. 35(4), pages 2242-2251.
    • Handle: RePEc:ebl:ecbull:eb-15-00218
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    File URL: http://www.accessecon.com/Pubs/EB/2015/Volume35/EB-15-V35-I4-P226.pdf
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    Citations

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    Cited by:

    1. Anna Creti & Alena Kotelnikova & Guy Meunier & Jean-Pierre Ponssard, 2018. "Defining the Abatement Cost in Presence of Learning-by-Doing: Application to the Fuel Cell Electric Vehicle," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(3), pages 777-800, November.

    More about this item

    Keywords

    Climate change; Energy; Carbon cap; CCS; Decreasing returns;
    All these keywords.

    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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