Séquestration du carbone et politique climatique optimale

André Grimaud and Luc Rouge

Economie & Prévision, 2009, vol. n° 190-191, issue 4, 53-69

Abstract: We present an endogenous growth model in which the use of a non-renewable natural resource generates carbon-dioxideemissions that can be partly sequestered. This approach breaks with the systematic link between resource use andpollution emission. The accumulated stock of remaining emissions has a negative impact on household utility andcorporate productivity. While sequestration quickens the optimal extraction rate, it can also generate higher emissions inthe short run. It also has an adverse effect on economic growth. We study the impact of a carbon tax : the level of the tax hasan effect in our model, its optimal level is positive, and it can be interpreted ex post as a decreasing ad valorem tax on theresource.

Keywords: endogenous growth; climate policy; pollution; non-renewable resources; carbon sequestration (search for similar items in EconPapers)
Date: 2009
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Related works:
Journal Article: Séquestration du carbone et politique climatique optimale (2009)
Working Paper: Séquestration du carbone et politique climatique optimale (2009)
Working Paper: Séquestration du carbone et politique climatique optimale (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:cai:ecoldc:ecop_190_0053

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