Amigues, Jean-Pierre and Moreaux, Michel
(2016)
Converting Primary Resources Into Useful Energy: The Pollution Ceiling Efficiency Paradox.
TSE Working Paper, n. 16-624, Toulouse

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Abstract
We study an economy producing energy services from a polluting fossil fuel and a carbon free renewable resource under a constraint on the admissible atmospheric carbon concentration, equivalently under a constraint on the admissible temperature. The transformation rates of natural primary resources energy into useful energy are costly endogenous variables. Choosing higher efficiency rates requires to bring into operation more sophisticated energy transformation devices, that is more costly ones. We show that, independently of technical progress, along a perfect foresight equilibrium path which is Pareto optimal, the transformation rate of any exploited resource should increase throughout time, excepted within the period during which the carbon constraint is binding, a phenomenon we call the ’ceiling paradox’.
Item Type: | Monograph (Working Paper) |
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Language: | English |
Date: | February 2016 |
Place of Publication: | Toulouse |
Uncontrolled Keywords: | Energy efficiency, carbon pollution, non-renewable resources, renewable resources |
JEL Classification: | Q00 - General Q32 - Exhaustible Resources and Economic Development Q43 - Energy and the Macroeconomy Q54 - Climate; Natural Disasters |
Subjects: | B- ECONOMIE ET FINANCE |
Divisions: | TSE-R (Toulouse) |
Institution: | Université Toulouse 1 Capitole |
Site: | UT1 |
Date Deposited: | 07 Jun 2016 14:01 |
Last Modified: | 02 Apr 2021 15:51 |
OAI Identifier: | oai:tse-fr.eu:30209 |
URI: | https://publications.ut-capitole.fr/id/eprint/19713 |
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