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

Jean-Pierre Amigues, Gilles Lafforgue and Michel Moreaux

No 773, IDEI Working Papers from Institut d'Économie Industrielle (IDEI), Toulouse

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.

Keywords: Climate change; carbon capture and storage; non-renewable resources (search for similar items in EconPapers)
JEL-codes: Q32 Q42 Q54 Q58 (search for similar items in EconPapers)
Date: 2013-04
New Economics Papers: this item is included in nep-ene, nep-env and nep-res
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Working Paper: Des modes de capture du carbone et de la compétitivité relative des énergies primaires (2013)
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