Carbon sequestration in leaky reservoirs

Alain Jean-Marie (), Michel Moreaux and Mabel Tidball ()
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Alain Jean-Marie: MAORE - Methods, Algorithms for Operations REsearch - LIRMM - Laboratoire d'Informatique de Robotique et de Microélectronique de Montpellier - UM - Université de Montpellier - CNRS - Centre National de la Recherche Scientifique, MAESTRO - Models for the performance analysis and the control of networks - CRISAM - Centre Inria d'Université Côte d'Azur - Inria - Institut National de Recherche en Informatique et en Automatique

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Abstract: We propose in this paper 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 economical 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: Air Polution; Energy policies (search for similar items in EconPapers)
Date: 2011-06-29
Note: View the original document on HAL open archive server: https://inria.hal.science/hal-00863230v1
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Published in 18th Annual Conference of the European Association of Environmental and Resource Economists (EAERE), Laura Castellucci (chair) / Alessio D'Amato (vice-chair), Jun 2011, Rome, Italy

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