Bioenergy and CO2 Sequestration: Climate Policies Beyond Technological Constraints
This paper examines the role of electricity production from biomass with and without carbon capture and storage in sustaining low CO2 emission pathways to 2100. It quantifies the effect of the availability of biomass resources and technologies within a general equilibrium framework. Biomass-fed integrated gasification combined cycle technology is introduced into the electricity module of IMACLIM-R, a hybrid general equilibrium model. We assess the robustness of this technology, with and without carbon capture and storage, as a way of reaching the 550 ppm stabilization target. The impact of a uniform CO2 tax on energy prices and world GDP is examined, together with the structure of the electricity mix. The influence of additional climate mitigation policies, such as alternative recycling of tax revenues and infrastructure policies is also discussed.
|Date of creation:||Nov 2012|
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- Guivarch, Céline & Hallegatte, Stéphane & Crassous, Renaud, 2009.
"The resilience of the Indian economy to rising oil prices as a validation test for a global energy-environment-economy CGE model,"
Elsevier, vol. 37(11), pages 4259-4266, November.
- Céline Guivarch & Stéphane Hallegatte & Renaud Crassous, 2009. "The Resilience of the Indian Economy to Rising Oil Prices as a Validation Test for a Global Energy-Environment-Economy CGE Model," Post-Print hal-00566971, HAL.
- Olsina, Fernando & Garces, Francisco & Haubrich, H.-J., 2006. "Modeling long-term dynamics of electricity markets," Energy Policy, Elsevier, vol. 34(12), pages 1411-1433, August.
- Frederic Ghersi and Jean-Charles Hourcade, 2006. "Macroeconomic Consistency issues in E3 Modeling: The Continued Fable of the Elephant and the Rabbit," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 39-62.
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