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Energy substitutions, climate change and carbon sinks Author info | Abstract | Publisher info | Download info | Related research | Statistics Lafforgue, Gilles
Magné, Bertrand
Moreaux, Michel
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We determine the optimal exploitation time-paths of two energy resources, one being depletable and polluting, namely a fossil fuel, the other being renewable and clean. These optimal paths are considered along with the two following features. First, the cumulative atmospheric pollution stock is set not to exceed some critical threshold and second, the polluting emissions produced by the use of fossil fuel can be reduced at the source and stockpiled in several carbon sinks of limited capacity. We show that, if the renewable resource flow is abundant, the optimal path requires that sequestration is implemented only once the ceiling is reached. Moreover, the reservoirs should be completely filled by increasing order of their respective sequestration costs.
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Article provided by Elsevier in its journal Ecological Economics .
Volume (Year): 67 (2008)
Issue (Month): 4 (November)
Pages: 589-597
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Handle: RePEc:eee:ecolec:v:67:y:2008:i:4:p:589-597Contact details of provider: Web page: http://www.elsevier.com/locate/ecolecon
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Keywords: Non-renewable resource Pollution target Climate change Carbon sequestration and storage Hotelling ; Other versions of this item:
Paper Lafforgue, Gilles & Magne, Bertrand & Moreaux, Michel, 2007.
"Energy Substitutions, Climate Change and Carbon Sinks ,"
IDEI Working Papers
427, Institut d'Économie Industrielle (IDEI), Toulouse.
[Downloadable!] LAFFORGUE Gilles & MAGNE Bertrand & MOREAUX Michel, 2007.
"Energy Substitutions, Climate change and Carbon sinks ,"
Working Papers
07.01.222, LERNA, University of Toulouse.
[Downloadable!] This item is featured on the following reading lists :
Technology Assessment
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CHAKRAVORTY Ujjayant & MOREAUX Michel & TIDBALL Mabel, 2006.
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GAUDET, Gérard & MOREAUX, Michel & WITHAGEN, Cees, 2005.
"The Alberta Dilemma: Optimal Sharing of a Water Resource by an Agricultural and an Oil Sector ,"
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Economics Letters ,
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Other versions:
Amigues, J-P & Favard, P, Gaudet, G & Moreaux, M, 1996.
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Emory Economics
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Other versions:
Ujjayant Chakravorty & Darrell Krulce & James Roumasset, 2004.
"Specialization and Nonrenewable Resources: Ricardo Meets Ricardo ,"
Working Papers
200401, University of Hawaii at Manoa, Department of Economics.
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"Specialization and non-renewable resources: Ricardo meets Ricardo ,"
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[Downloadable!] (restricted) Gerard Gaudet & Michel Moreaux & Stephen W. Salant, 2001.
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"A Hotelling model with a ceiling on the stock of pollution ,"
Journal of Economic Dynamics and Control ,
Elsevier, vol. 30(12), pages 2875-2904, December.
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Other versions: Kolstad, Charles D. & Krautkraemer, Jeffrey A., 1993.
"Natural resource use and the environment ,"
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"Technological learning for carbon capture and sequestration technologies ,"
Energy Economics ,
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Chakravorty, Ujjayant & Magne, Bertrand & Moreaux, Michel, 2004.
"Plafond de concentration atmosphérique en carbone et substitutions entre ressources énergétiques ,"
IDEI Working Papers
260, Institut d'Économie Industrielle (IDEI), Toulouse.
[Downloadable!]
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Alain Ayong Le Kama & Mouez Fodha & LAFFORGUE Gilles, 2009.
"Optimal Carbon Capture and Storage policies ,"
Working Papers
09.24.300, LERNA, University of Toulouse.
[Downloadable!]
GRIMAUD Andre & LAFFORGUE Gilles & MAGNE Bertrand, 2009.
"Climate change mitigation options and directed technical change: A decentralized equilibrium analysis ,"
Working Papers
09.20.296, LERNA, University of Toulouse.
[Downloadable!]
Grimaud, André & Lafforgue, Gilles & Magne, Bertrand, 2008.
"Climate Change Mitigation Options and Directed Technical Change: A Decentralized Equilibrium Analysis ,"
IDEI Working Papers
510, Institut d'Économie Industrielle (IDEI), Toulouse.
[Downloadable!]
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