Carbon capture and sequestration: how much does this uncertain option affect near-term policy choices?

Laurent Gilotte () and Valentina Bosetti
Additional contact information
Laurent Gilotte: CIRED - centre international de recherche sur l'environnement et le développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique

Working Papers from HAL

Abstract: Policy makers as well as many economists recognize geological Carbon Capture and Sequestration (CCS) as a key option to avoid costly emission reduction. While an extreme perspective is to envision CCS as a magic bullet to solve the issue of climate change, the economics perspective is more balanced and see it as a part of a portfolio of mitigation actions. Besides, as any novel mitigation technology, CCS can be implemented with a twofold purpose; on one side it can substitute some other technological efforts to reach a given environmental target. On the other side, it offers the opportunity to go for additional emission reductions andreach a "safer" climate target. In order to balance these twopossible utilizations of CCS and assess their respective effects onearly policystrategies, we undertake a twofold numerical experiment. First, a cost-efficiency analysis is undertaken where CCS sole effect is substitution of other efforts. This is followed by a cost-benefit analysis where both purposes have to be balanced. We find that future availability of CCS is less a reason to relax near-term abatement efforts than what could be inferred from previous analyses. Moreover, cost-benefit analysis indicates that the environmental target should be more ambitious when CCS is included in the picture.

Keywords: Climate Change; Uncertainty; Sequestration; Cost-benefit analysis; Changement climatique; Incertitudes; capture et séquestration du carbone; analyse coût-bénéfice; CO2 (search for similar items in EconPapers)
Date: 2006-06-16
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00007298v1
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://shs.hal.science/halshs-00007298v1/document (application/pdf)

Related works:
Working Paper: Carbon capture and sequestration: how much does this uncertain option affect near-term policy choices? (2006)
Working Paper: Carbon Capture and Sequestration: How Much Does this Uncertain Option Affect Near-Term Policy Choices? (2005)
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:wpaper:halshs-00007298

Access Statistics for this paper

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