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Séquestration du carbone et politique climatique optimale

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  • André Grimaud
  • Luc Rouge

Abstract

[fre] Nous présentons un modèle de croissance endogène dans lequel l’utilisation d’une ressource naturelle non renouvelable polluante génère des émissions de CO2, dont une partie peut être séquestrée. Ceci rompt l’habituel lien systématique entre utilisation de la ressource et émissions polluantes. Le stock accumulé des émissions restantes affecte négativement l’utilité des ménages et la productivité des entreprises. Si la séquestration accélère le rythme optimal d’extraction, elle peut aussi générer de plus fortes émissions à court-terme. De plus, elle est défavorable à la croissance économique. Nous étudions l’impact d’une taxe sur les émissions de carbone ; le niveau de cette taxe compte ici, son niveau optimal est positif, et elle peut être interprété ex post comme une taxe ad-valorem décroissante sur la ressource. [eng] We present an endogenous growth model in which the use of a non-renewable natural resource generates carbon-dioxide emissions that can be partly sequestered. This approach breaks with the systematic link between resource use and pollution emission. The accumulated stock of remaining emissions has a negative impact on household utility and corporate productivity. While sequestration quickens the optimal extraction rate, it can also generate higher emissions in the short run. It also has an adverse effect on economic growth. We study the impact of a carbon tax : the level of the tax has an effect in our model, its optimal level is positive, and it can be interpreted ex post as a decreasing ad valorem tax on the resource.

Suggested Citation

  • André Grimaud & Luc Rouge, 2009. "Séquestration du carbone et politique climatique optimale," Économie et Prévision, Programme National Persée, vol. 190(4), pages 53-69.
    • Handle: RePEc:prs:ecoprv:ecop_0249-4744_2009_num_190_4_7994
    DOI: 10.3406/ecop.2009.7994
    Note: DOI:10.3406/ecop.2009.7994
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    Cited by:

    1. Amigues, Jean-Pierre & Lafforgue, Gilles & Moreaux, Michel, 2012. "Optimal Timing of Carbon Capture Policies Under Alternative CCS Cost Functions," TSE Working Papers 12-318, Toulouse School of Economics (TSE).
    2. Ayong Le Kama, Alain & Fodha, Mouez & Lafforgue, Gilles, 2009. "Optimal Carbon Capture and Storage Policies," TSE Working Papers 09-095, Toulouse School of Economics (TSE).
    3. Amigues, Jean-Pierre & Lafforgue, Gilles & Moreaux, Michel, 2014. "Optimal Timing of Carbon Capture and Storage Policies Under Learning-by-doing," IDEI Working Papers 824, Institut d'Économie Industrielle (IDEI), Toulouse, revised May 2014.

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    More about this item

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

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