Plafond de concentration en carbone et substitutions entre ressources énergétiques

Ujjayant Chakravorty (), Bertrand Magne and Michel Moreaux

Annals of Economics and Statistics, 2006, issue 81, 141-168

Abstract: Fossil fuel use causes the atmospheric accumulation of carbon. The society, endowed with an alternative clean renewable energy, aims at keeping this pollution stock below a prescribed target. The use of an abundant and costly backstop shall follow the exhaustion of the polluting resource; in case of a cheap and abundant substitute, both resources may be exploited simultaneously. When the substitute is scarce, the phase of simultaneous exploitation may occur before the ceiling is reached.

Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:2006:i:81:p:141-168

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