Optimal Carbon Sequestration Policies in Leaky Reservoirs

Jean-Marie Alain, Michel Moreaux and Mabel Tidball ()
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Jean-Marie Alain: INRIA and UMR LIRMM

No 2014.11, Working Papers from FAERE - French Association of Environmental and Resource Economists

Abstract: We study in this report a model of optimal Carbon Capture and Storage in which the reservoir of sequestered carbon is leaky, and pollution eventually is released into the atmosphere. We formulate the social planner problem as an optimal control program and we describe the optimal consumption paths as a function of the initial conditions, the physical constants and the economic parameters. In particular, we show that the presence of leaks may lead to situations which do not occur otherwise, including that of non-monotonous price paths for the energy.

Keywords: carbon sequestration and storage; optimal control. (search for similar items in EconPapers)
JEL-codes: C61 Q32 (search for similar items in EconPapers)
Pages: 115 pages
Date: 2014-09
New Economics Papers: this item is included in nep-ene and nep-env
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http://faere.fr/pub/WorkingPapers/Jean-Marie_Moreaux_Tidball_FAERE_WP2014.11.pdf First version, 2014 (application/pdf)

Related works:
Working Paper: Optimal Carbon Sequestration Policies in Leaky Reservoirs (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:fae:wpaper:2014.11

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