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Des modes de capture du carbone et de la compétitivité relative des énergies primaires

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  • Amigues, Jean-Pierre
  • Lafforgue, Gilles
  • Moreaux, Michel

Abstract

We characterize the optimal exploitation paths of two perfect substitute primary energy resources, a non-renewable polluting resource and a carbon-free renewable one. Both resources can supply the energy needs of two sectors. Sector 1 is able to reduce its carbon footprint at a reasonable cost owing to a CCS device. Sector 2 has only access to the air capture technology, but at a significantly higher cost. We assume that the atmospheric carbon stock cannot exceed some given ceiling. We show that it is optimal to begin by fully capturing the sector 1's emissions before the ceiling is reached and next, to deploy the air capture in order to partially abate sector 2’s emissions. The optimal carbon tax is first increasing during the pre-ceiling phase and next, it declines in stages down to 0.

Suggested Citation

  • Amigues, Jean-Pierre & Lafforgue, Gilles & Moreaux, Michel, 2013. "Des modes de capture du carbone et de la compétitivité relative des énergies primaires," TSE Working Papers 13-392, Toulouse School of Economics (TSE).
  • Handle: RePEc:tse:wpaper:27164
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    References listed on IDEAS

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    1. Gehrig, Thomas, 1993. "Intermediation in Search Markets," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 2(1), pages 97-120, Spring.
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    4. Gary Biglaiser, 1993. "Middlemen as Experts," RAND Journal of Economics, The RAND Corporation, pages 212-223.
    5. Li, Yiting, 1998. "Middlemen and private information," Journal of Monetary Economics, Elsevier, pages 131-159.
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    More about this item

    Keywords

    Climate change; Energy; CCS; Air capture; Carbon tax;

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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