Amigues, Jean-Pierre, Lafforgue, Gilles and Moreaux, Michel (2016) Des modes de capture du carbone et de la compétitivité relative des énergies primaires. Économie et Prévision (208-209). pp. 39-55.

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We characterize the optimal exploitation paths of two perfect substitute primary energy resources, a
non-renewable polluting resource and a carbon-free renewable one. Both resources can supply the
energy needs of two sectors. Sector 1 is able to reduce its carbon footprint at a reasonable cost owing
to a CCS device. Sector 2 has only access to the air capture technology, but at a significantly higher
cost. We assume that the atmospheric carbon stock cannot exceed some given ceiling. We show that
it is optimal to begin by fully capturing the sector 1's emissions before the ceiling is reached and next,
to deploy the air capture in order to partially abate sector 2’s emissions. The optimal carbon tax is
first increasing during the pre-ceiling phase and next, it declines in stages down to 0.

Item Type: Article
Language: French
Date: 2016
Refereed: Yes
Uncontrolled Keywords: Climate change, Changement climatique, Energy, Energie, CCS, CSC, Air capture, Capture atmosphérique, Carbon tax, Taxe carbone
JEL Classification: Q32 - Exhaustible Resources and Economic Development
Q42 - Alternative Energy Sources
Q54 - Climate; Natural Disasters
Q58 - Government Policy
Divisions: TSE-R (Toulouse)
Site: UT1
Date Deposited: 21 Jun 2016 13:00
Last Modified: 02 Apr 2021 15:53
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