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The impact of climate policies on energy markets and the price of carbon

Author

Listed:
  • Odile Blanchard
  • Patrick Criqui
  • Alban Kitous
  • Silvana Mima

Abstract

[eng] Based on simulations of the POLES model, this paper aims to analyse the interactions between policies to stabilize greenhouse gas concentrations in the atmosphere and the fundamentals of the world oil market. The « carbon value » is the modelling device that reflects the relative harshness of climate policies. It represents the signal that triggers socially responsible investments addressing the climate challenge, ie greenhouse gas abatement investments. We compare a Reference energy scenario and a scenario of emission reductions by a factor four in industrialized countries by 2050. The results show that very ambitious climate policies allow both to mitigate climate change and to manage the depletion of world oil resources. . JEL classification : Q58, Q41

Suggested Citation

  • Odile Blanchard & Patrick Criqui & Alban Kitous & Silvana Mima, 2006. "The impact of climate policies on energy markets and the price of carbon," Revue d'Économie Financière, Programme National Persée, vol. 83(2), pages 89-110.
    • Handle: RePEc:prs:recofi:ecofi_1767-4603_2006_num_83_2_4425
    DOI: 10.3406/ecofi.2006.4425
    Note: DOI:10.3406/ecofi.2006.4425
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    References listed on IDEAS

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    1. Patrick Criqui & Laurent Viguier, 2000. "Kyoto and technology at world level: costs of CO 2 reduction under flexibility mechanisms and technical progress," International Journal of Global Energy Issues, Inderscience Enterprises Ltd, vol. 14(1/2/3/4), pages 155-168.
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    1. repec:hal:spmain:info:hdl:2441/1gt6nhe6vs8pbb86oi81bt6838 is not listed on IDEAS
    2. repec:spo:wpmain:info:hdl:2441/1gt6nhe6vs8pbb86oi81bt6838 is not listed on IDEAS
    3. Julien Bueb & Lilian Hanania & Alice Le Clézio, 2016. "Border adjustment mechanisms Elements for economic, legal, and political analysis," WIDER Working Paper Series 020, World Institute for Development Economic Research (UNU-WIDER).
    4. Julien Bueb & Lilian Richieri Hanania & Alice Leclezio, 2016. "Border adjustment mechanisms," Working Papers hal-03469958, HAL.
    5. Julien Bueb & Lilian Richieri Hanania & Alice Le Clézio, 2016. "Border adjustment mechanisms: Elements for economic, legal, and political analysis," WIDER Working Paper Series wp-2016-20, World Institute for Development Economic Research (UNU-WIDER).
    6. Julien Bueb & Lilian Richieri Hanania & Alice Leclezio, 2016. "Border adjustment mechanisms," SciencePo Working papers Main hal-03469958, HAL.

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    More about this item

    JEL classification:

    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

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