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Séquestration du carbone et politique climatique optimale

Listed author(s):
  • Grimaud, André
  • Rougé, Luc

[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.

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Paper provided by Institut d'Économie Industrielle (IDEI), Toulouse in its series IDEI Working Papers with number 540.

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Date of creation: Oct 2008
Publication status: Published in Économie et Prévision, vol. 4-5, n°190-191, 2009.
Handle: RePEc:ide:wpaper:10624
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