Cutting costs of catching carbon-Intertemporal effects under imperfect climate policy

被引：16

作者：

Hoel, Michael ^{[2
]}

Jensen, Svenn ^{[1
,3
]}

机构：

[1] Ragnar Frisch Ctr Econ Res, N-0349 Oslo, Norway

[2] Univ Oslo, Dept Econ, N-0317 Oslo, Norway

[3] Stat Norway Res Dept, N-0033 Oslo, Norway

来源：

RESOURCE AND ENERGY ECONOMICS | 2012年 / 34卷 / 04期

关键词：

Climate change; Exhaustible resources; Carbon capture and storage; Renewable energy; Green paradox; FOSSIL-FUELS; SUPPLY-SIDE; EXTRACTION; RESOURCE; EMISSIONS; ECONOMICS; STOCK; PRICE; CO2;

D O I：

10.1016/j.reseneeco.2012.07.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We use a two-period model to investigate intertemporal effects of cost reductions in climate change mitigation technologies for the power sector. The effect of cost reductions for CCS depends on how carbon taxes are set. If there is no carbon tax in period 1, but an optimally set carbon tax in period 2, a CCS cost reduction may reduce early emissions. Such an innovation may therefore be more desirable than comparable cost cuts related to renewable energy. The finding rests on the incentives fossil fuel owners face. If future profitability is reduced, they speed up extraction (the 'green paradox'), and vice versa. (C) 2012 Elsevier B.V. All rights reserved.

引用

页码：680 / 695

页数：16

共 37 条

[1] Warming caused by cumulative carbon emissions towards the trillionth tonne [J].