?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F16579%2F&rft.title=A+Unified+Theory+of+Carbon+Capture+and+Adaptation+Policies+for+Climate+Change&rft.creator=Moreaux%2C+Michel&rft.creator=Withagen%2C+Cees&rft.subject=B-+ECONOMIE+ET+FINANCE&rft.description=We+study+optimal+carbon+capture+and+storage+(CCS)%2C+taking+into+account+damages+incurred+from+the+accumulation+of+carbon+in+the+atmosphere+and+exhaustibility+of+fossil+fuel+reserves.+High+carbon+concentrations+call+for+full+CCS.+We+identify+conditions+under+which+partial+or+no+CCS+is+optimal.+In+the+absence+of+CCS+the+CO2+stock+might+be+inverted+U-shaped.+With+CCS+more+complicated+behavior+may+arise.+It+can+be+optimal+to+have+full+capture+initially%2C+yielding+a+decreasing+stock%2C+then+partial+capture+while+keeping+the+CO2+stock+constant%2C+and+a+final+phase+without+capture+but+with+an+inverted+U-shaped+CO2+stock.+We+also+introduce+the+option+of+adaptation+and+provide+a+unified+theory+regarding+the+optimal+use+of+CCS+and+adaptation.&rft.publisher=LERNA+Working+Paper&rft.date=2014-06-24&rft.type=Monograph&rft.type=NonPeerReviewed&rft.format=text&rft.language=en&rft.identifier=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F16579%2F1%2F14.08.409.pdf&rft.identifier=++Moreaux%2C+Michel+%3Chttps%3A%2F%2Fwww.idref.fr%2F031616623%3E+and+Withagen%2C+Cees+%3Chttps%3A%2F%2Fwww.idref.fr%2F086283200%3E++(2014)+A+Unified+Theory+of+Carbon+Capture+and+Adaptation+Policies+for+Climate+Change.++LERNA+Working+Paper%2C+n.+14-08-409+++++&rft.relation=http%3A%2F%2Ftse-fr.eu%2Fpub%2F28505&rft.language=en