Séquestration du carbone et politique climatique optimale

André Grimaud and Luc Rouge
Additional contact information
André Grimaud: LERNA - Economie des Ressources Naturelles - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - INRA - Institut National de la Recherche Agronomique - CEA - Commissariat à l'énergie atomique et aux énergies alternatives, UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse

Post-Print from HAL

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: SEQUESTRATION DU CARBONE; ENDOGENOUS GROWTH; CLIMATE POLICY; NON-RENEWABLE RESOURCES; CARBON SEQUESTRATION; CROISSANCE ENDOGENE; POLITIQUE CLIMATIQUE; POLLUTION (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: Track citations by RSS feed

Published in Economie et Prévision, 2009, 4-5, pp.53-69

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Séquestration du carbone et politique climatique optimale (2009)
Journal Article: Séquestration du carbone et politique climatique optimale (2009)
Working Paper: Séquestration du carbone et politique climatique optimale (2008)
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:journl:hal-02662076

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().