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Séquestration du carbone et politique climatique optimale

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  • André Grimaud
  • Luc Rouge

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.

Suggested Citation

  • André Grimaud & Luc Rouge, 2009. "Séquestration du carbone et politique climatique optimale," Economie & Prévision, La Documentation Française, vol. 0(4), pages 53-69.
    • Handle: RePEc:cai:ecoldc:ecop_190_0053
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    Cited by:

    1. Amigues, Jean-Pierre & Lafforgue, Gilles & Moreaux, Michel, 2012. "Optimal Timing of Carbon Capture Policies Under Alternative CCS Cost Functions," TSE Working Papers 12-318, Toulouse School of Economics (TSE).
    2. Ayong Le Kama, Alain & Fodha, Mouez & Lafforgue, Gilles, 2009. "Optimal Carbon Capture and Storage Policies," TSE Working Papers 09-095, Toulouse School of Economics (TSE).
    3. Amigues, Jean-Pierre & Lafforgue, Gilles & Moreaux, Michel, 2014. "Optimal Timing of Carbon Capture and Storage Policies Under Learning-by-doing," IDEI Working Papers 824, Institut d'Économie Industrielle (IDEI), Toulouse, revised May 2014.

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    More about this item

    Keywords

    endogenous growth; climate policy; pollution; non-renewable resources; carbon sequestration;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

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