Optimal Carbon Sequestration Policies in Leaky Reservoirs
We study in this report a model of optimal Carbon Capture and Storage in which the reservoir of sequestered carbon is leaky, and pollution eventually is released into the atmosphere. We formulate the social planner problem as an optimal control program and we describe the optimal consumption paths as a function of the initial conditions, the physical constants and the economic parameters. In particular, we show that the presence of leaks may lead to situations which do not occur otherwise, including that of non-monotonous price paths for the energy.
|Date of creation:||Sep 2014|
|Contact details of provider:|| Web page: http://www.faere.fr|
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:fae:wpaper:2014.11. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mireille Chiroleu-Assouline)
If references are entirely missing, you can add them using this form.