EconPapers    
Economics at your fingertips  
 

The timing of biological carbon sequestration and carbon abatement in the energy sector under optimal strategies against climate risks

Vincent Gitz (), Jean-Charles Hourcade and Philippe Ciais ()
Additional contact information
Philippe Ciais: LSCE - Laboratoire des Sciences du Climat et de l'Environnement [Gif-sur-Yvette] - UVSQ - Université de Versailles Saint-Quentin-en-Yvelines - CEA - Commissariat à l'énergie atomique et aux énergies alternatives - Université Paris-Saclay - INSU - CNRS - Institut national des sciences de l'Univers - CNRS - Centre National de la Recherche Scientifique

CIRED Working Papers from HAL

Abstract: This paper addresses the timing of the use of biological carbon sequestration and its capacity to alleviate the carbon constraint on the energy sector. We constructed a stochastic optimal control model balancing the costs of fossil emission abatement, the opportunity costs of lands allocated to afforestation, and the costs of uncertain climate damages. We show that a minor part of the sequestration potential should start immediately as a ‘brake', slowing down both the rate of growth of concentrations and the rate of abatement in the energy sector, thus increasing the option value of the emission trajectories. But, most of the potential is put in reserve to be used as a ``safety valve'' after the resolution of uncertainty, if a higher and faster decarbonization is required : sequestration cuts off the peaks of costs of fossil abatement and postpones the pivoting of the energy system by up to two decades.

Keywords: séquestration biologique du carbone; cycle du carbone; dommages climatiques; contrôle optimal stochastique; système énergétique; biological carbon sequestration; carbon cycle; climate damages; optimal stochastic control; energy sector (search for similar items in EconPapers)
Date: 2006-02-28
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00009338
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
https://halshs.archives-ouvertes.fr/halshs-00009338/document (application/pdf)

Related works:
Journal Article: The Timing of Biological Carbon Sequestration and Carbon Abatement in the Energy Sector Under Optimal Strategies Against Climate Risks (2006) Downloads
Working Paper: The timing of biological carbon sequestration and carbon abatement in the energy sector under optimal strategies against climate risks (2005) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:ciredw:halshs-00009338

Access Statistics for this paper

More papers in CIRED Working Papers from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2021-04-02
Handle: RePEc:hal:ciredw:halshs-00009338