Optimal Timing of CCS Policies with Heterogeneous Energy Consumption Sectors
Abstract Using the Chakravorty et al. (J Econ Dyn Control 30:2875–2904, 2006) ceiling model, we characterize the optimal consumption paths of three energy resources: dirty oil, which is non-renewable and carbon emitting; clean oil, which is also non-renewable but carbon-free thanks to an abatement t...
Ausführliche Beschreibung
Gespeichert in:
| Autor*in: |
Amigues, Jean-Pierre [verfasserIn] |
|---|
| Format: |
Artikel |
|---|---|
| Sprache: |
Englisch |
| Erschienen: |
2013 |
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| Schlagwörter: |
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| Anmerkung: |
© Springer Science+Business Media Dordrecht 2013 |
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| Übergeordnetes Werk: |
Enthalten in: Environmental & resource economics - Springer Netherlands, 1991, 57(2013), 3 vom: 05. Juni, Seite 345-366 |
|---|---|
| Übergeordnetes Werk: |
volume:57 ; year:2013 ; number:3 ; day:05 ; month:06 ; pages:345-366 |
| Links: |
|---|
| DOI / URN: |
10.1007/s10640-013-9683-6 |
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OLC2027455043 |
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| 520 | |a Abstract Using the Chakravorty et al. (J Econ Dyn Control 30:2875–2904, 2006) ceiling model, we characterize the optimal consumption paths of three energy resources: dirty oil, which is non-renewable and carbon emitting; clean oil, which is also non-renewable but carbon-free thanks to an abatement technology, and solar energy, which is renewable and carbon-free. The resulting energy-mix can supply the energy needs of two sectors. These sectors differ in the additional abatement cost they have to pay for consuming clean rather than dirty oil, as Sector 1 (industry) can abate its emissions at a lower cost than Sector 2 (transport). We show that it is optimal to begin by fully capturing Sector 1’s emissions before the ceiling is reached. Also, there may be optimal paths along which the capture devices of both sectors must be activated. In this case, Sector’s 1 emissions are fully abated first, before Sector 2 abates partially. Finally, we discuss the way heterogeneity of abatement costs causes sectoral energy price paths to differ. | ||
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10.1007/s10640-013-9683-6 doi (DE-627)OLC2027455043 (DE-He213)s10640-013-9683-6-p DE-627 ger DE-627 rakwb eng 333.7 300 330 VZ Amigues, Jean-Pierre verfasserin aut Optimal Timing of CCS Policies with Heterogeneous Energy Consumption Sectors 2013 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer Science+Business Media Dordrecht 2013 Abstract Using the Chakravorty et al. (J Econ Dyn Control 30:2875–2904, 2006) ceiling model, we characterize the optimal consumption paths of three energy resources: dirty oil, which is non-renewable and carbon emitting; clean oil, which is also non-renewable but carbon-free thanks to an abatement technology, and solar energy, which is renewable and carbon-free. The resulting energy-mix can supply the energy needs of two sectors. These sectors differ in the additional abatement cost they have to pay for consuming clean rather than dirty oil, as Sector 1 (industry) can abate its emissions at a lower cost than Sector 2 (transport). We show that it is optimal to begin by fully capturing Sector 1’s emissions before the ceiling is reached. Also, there may be optimal paths along which the capture devices of both sectors must be activated. In this case, Sector’s 1 emissions are fully abated first, before Sector 2 abates partially. Finally, we discuss the way heterogeneity of abatement costs causes sectoral energy price paths to differ. Energy resources Carbon stabilization cap Heterogeneity Carbon capture and storage Air capture Lafforgue, Gilles aut Moreaux, Michel aut Enthalten in Environmental & resource economics Springer Netherlands, 1991 57(2013), 3 vom: 05. Juni, Seite 345-366 (DE-627)170881725 (DE-600)1121258-5 (DE-576)032741359 0924-6460 nnns volume:57 year:2013 number:3 day:05 month:06 pages:345-366 https://doi.org/10.1007/s10640-013-9683-6 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-UMW SSG-OLC-WIW SSG-OLC-FOR SSG-OLC-IBL SSG-OPC-GGO GBV_ILN_11 GBV_ILN_26 GBV_ILN_70 GBV_ILN_2012 GBV_ILN_4012 GBV_ILN_4028 GBV_ILN_4126 GBV_ILN_4313 GBV_ILN_4318 AR 57 2013 3 05 06 345-366 |
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10.1007/s10640-013-9683-6 doi (DE-627)OLC2027455043 (DE-He213)s10640-013-9683-6-p DE-627 ger DE-627 rakwb eng 333.7 300 330 VZ Amigues, Jean-Pierre verfasserin aut Optimal Timing of CCS Policies with Heterogeneous Energy Consumption Sectors 2013 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer Science+Business Media Dordrecht 2013 Abstract Using the Chakravorty et al. (J Econ Dyn Control 30:2875–2904, 2006) ceiling model, we characterize the optimal consumption paths of three energy resources: dirty oil, which is non-renewable and carbon emitting; clean oil, which is also non-renewable but carbon-free thanks to an abatement technology, and solar energy, which is renewable and carbon-free. The resulting energy-mix can supply the energy needs of two sectors. These sectors differ in the additional abatement cost they have to pay for consuming clean rather than dirty oil, as Sector 1 (industry) can abate its emissions at a lower cost than Sector 2 (transport). We show that it is optimal to begin by fully capturing Sector 1’s emissions before the ceiling is reached. Also, there may be optimal paths along which the capture devices of both sectors must be activated. In this case, Sector’s 1 emissions are fully abated first, before Sector 2 abates partially. Finally, we discuss the way heterogeneity of abatement costs causes sectoral energy price paths to differ. Energy resources Carbon stabilization cap Heterogeneity Carbon capture and storage Air capture Lafforgue, Gilles aut Moreaux, Michel aut Enthalten in Environmental & resource economics Springer Netherlands, 1991 57(2013), 3 vom: 05. Juni, Seite 345-366 (DE-627)170881725 (DE-600)1121258-5 (DE-576)032741359 0924-6460 nnns volume:57 year:2013 number:3 day:05 month:06 pages:345-366 https://doi.org/10.1007/s10640-013-9683-6 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-UMW SSG-OLC-WIW SSG-OLC-FOR SSG-OLC-IBL SSG-OPC-GGO GBV_ILN_11 GBV_ILN_26 GBV_ILN_70 GBV_ILN_2012 GBV_ILN_4012 GBV_ILN_4028 GBV_ILN_4126 GBV_ILN_4313 GBV_ILN_4318 AR 57 2013 3 05 06 345-366 |
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10.1007/s10640-013-9683-6 doi (DE-627)OLC2027455043 (DE-He213)s10640-013-9683-6-p DE-627 ger DE-627 rakwb eng 333.7 300 330 VZ Amigues, Jean-Pierre verfasserin aut Optimal Timing of CCS Policies with Heterogeneous Energy Consumption Sectors 2013 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer Science+Business Media Dordrecht 2013 Abstract Using the Chakravorty et al. (J Econ Dyn Control 30:2875–2904, 2006) ceiling model, we characterize the optimal consumption paths of three energy resources: dirty oil, which is non-renewable and carbon emitting; clean oil, which is also non-renewable but carbon-free thanks to an abatement technology, and solar energy, which is renewable and carbon-free. The resulting energy-mix can supply the energy needs of two sectors. These sectors differ in the additional abatement cost they have to pay for consuming clean rather than dirty oil, as Sector 1 (industry) can abate its emissions at a lower cost than Sector 2 (transport). We show that it is optimal to begin by fully capturing Sector 1’s emissions before the ceiling is reached. Also, there may be optimal paths along which the capture devices of both sectors must be activated. In this case, Sector’s 1 emissions are fully abated first, before Sector 2 abates partially. Finally, we discuss the way heterogeneity of abatement costs causes sectoral energy price paths to differ. Energy resources Carbon stabilization cap Heterogeneity Carbon capture and storage Air capture Lafforgue, Gilles aut Moreaux, Michel aut Enthalten in Environmental & resource economics Springer Netherlands, 1991 57(2013), 3 vom: 05. Juni, Seite 345-366 (DE-627)170881725 (DE-600)1121258-5 (DE-576)032741359 0924-6460 nnns volume:57 year:2013 number:3 day:05 month:06 pages:345-366 https://doi.org/10.1007/s10640-013-9683-6 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-UMW SSG-OLC-WIW SSG-OLC-FOR SSG-OLC-IBL SSG-OPC-GGO GBV_ILN_11 GBV_ILN_26 GBV_ILN_70 GBV_ILN_2012 GBV_ILN_4012 GBV_ILN_4028 GBV_ILN_4126 GBV_ILN_4313 GBV_ILN_4318 AR 57 2013 3 05 06 345-366 |
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10.1007/s10640-013-9683-6 doi (DE-627)OLC2027455043 (DE-He213)s10640-013-9683-6-p DE-627 ger DE-627 rakwb eng 333.7 300 330 VZ Amigues, Jean-Pierre verfasserin aut Optimal Timing of CCS Policies with Heterogeneous Energy Consumption Sectors 2013 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer Science+Business Media Dordrecht 2013 Abstract Using the Chakravorty et al. (J Econ Dyn Control 30:2875–2904, 2006) ceiling model, we characterize the optimal consumption paths of three energy resources: dirty oil, which is non-renewable and carbon emitting; clean oil, which is also non-renewable but carbon-free thanks to an abatement technology, and solar energy, which is renewable and carbon-free. The resulting energy-mix can supply the energy needs of two sectors. These sectors differ in the additional abatement cost they have to pay for consuming clean rather than dirty oil, as Sector 1 (industry) can abate its emissions at a lower cost than Sector 2 (transport). We show that it is optimal to begin by fully capturing Sector 1’s emissions before the ceiling is reached. Also, there may be optimal paths along which the capture devices of both sectors must be activated. In this case, Sector’s 1 emissions are fully abated first, before Sector 2 abates partially. Finally, we discuss the way heterogeneity of abatement costs causes sectoral energy price paths to differ. Energy resources Carbon stabilization cap Heterogeneity Carbon capture and storage Air capture Lafforgue, Gilles aut Moreaux, Michel aut Enthalten in Environmental & resource economics Springer Netherlands, 1991 57(2013), 3 vom: 05. Juni, Seite 345-366 (DE-627)170881725 (DE-600)1121258-5 (DE-576)032741359 0924-6460 nnns volume:57 year:2013 number:3 day:05 month:06 pages:345-366 https://doi.org/10.1007/s10640-013-9683-6 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-UMW SSG-OLC-WIW SSG-OLC-FOR SSG-OLC-IBL SSG-OPC-GGO GBV_ILN_11 GBV_ILN_26 GBV_ILN_70 GBV_ILN_2012 GBV_ILN_4012 GBV_ILN_4028 GBV_ILN_4126 GBV_ILN_4313 GBV_ILN_4318 AR 57 2013 3 05 06 345-366 |
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10.1007/s10640-013-9683-6 doi (DE-627)OLC2027455043 (DE-He213)s10640-013-9683-6-p DE-627 ger DE-627 rakwb eng 333.7 300 330 VZ Amigues, Jean-Pierre verfasserin aut Optimal Timing of CCS Policies with Heterogeneous Energy Consumption Sectors 2013 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer Science+Business Media Dordrecht 2013 Abstract Using the Chakravorty et al. (J Econ Dyn Control 30:2875–2904, 2006) ceiling model, we characterize the optimal consumption paths of three energy resources: dirty oil, which is non-renewable and carbon emitting; clean oil, which is also non-renewable but carbon-free thanks to an abatement technology, and solar energy, which is renewable and carbon-free. The resulting energy-mix can supply the energy needs of two sectors. These sectors differ in the additional abatement cost they have to pay for consuming clean rather than dirty oil, as Sector 1 (industry) can abate its emissions at a lower cost than Sector 2 (transport). We show that it is optimal to begin by fully capturing Sector 1’s emissions before the ceiling is reached. Also, there may be optimal paths along which the capture devices of both sectors must be activated. In this case, Sector’s 1 emissions are fully abated first, before Sector 2 abates partially. Finally, we discuss the way heterogeneity of abatement costs causes sectoral energy price paths to differ. Energy resources Carbon stabilization cap Heterogeneity Carbon capture and storage Air capture Lafforgue, Gilles aut Moreaux, Michel aut Enthalten in Environmental & resource economics Springer Netherlands, 1991 57(2013), 3 vom: 05. Juni, Seite 345-366 (DE-627)170881725 (DE-600)1121258-5 (DE-576)032741359 0924-6460 nnns volume:57 year:2013 number:3 day:05 month:06 pages:345-366 https://doi.org/10.1007/s10640-013-9683-6 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-UMW SSG-OLC-WIW SSG-OLC-FOR SSG-OLC-IBL SSG-OPC-GGO GBV_ILN_11 GBV_ILN_26 GBV_ILN_70 GBV_ILN_2012 GBV_ILN_4012 GBV_ILN_4028 GBV_ILN_4126 GBV_ILN_4313 GBV_ILN_4318 AR 57 2013 3 05 06 345-366 |
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Optimal Timing of CCS Policies with Heterogeneous Energy Consumption Sectors |
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Optimal Timing of CCS Policies with Heterogeneous Energy Consumption Sectors |
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Amigues, Jean-Pierre |
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Amigues, Jean-Pierre Lafforgue, Gilles Moreaux, Michel |
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optimal timing of ccs policies with heterogeneous energy consumption sectors |
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Optimal Timing of CCS Policies with Heterogeneous Energy Consumption Sectors |
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Abstract Using the Chakravorty et al. (J Econ Dyn Control 30:2875–2904, 2006) ceiling model, we characterize the optimal consumption paths of three energy resources: dirty oil, which is non-renewable and carbon emitting; clean oil, which is also non-renewable but carbon-free thanks to an abatement technology, and solar energy, which is renewable and carbon-free. The resulting energy-mix can supply the energy needs of two sectors. These sectors differ in the additional abatement cost they have to pay for consuming clean rather than dirty oil, as Sector 1 (industry) can abate its emissions at a lower cost than Sector 2 (transport). We show that it is optimal to begin by fully capturing Sector 1’s emissions before the ceiling is reached. Also, there may be optimal paths along which the capture devices of both sectors must be activated. In this case, Sector’s 1 emissions are fully abated first, before Sector 2 abates partially. Finally, we discuss the way heterogeneity of abatement costs causes sectoral energy price paths to differ. © Springer Science+Business Media Dordrecht 2013 |
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Abstract Using the Chakravorty et al. (J Econ Dyn Control 30:2875–2904, 2006) ceiling model, we characterize the optimal consumption paths of three energy resources: dirty oil, which is non-renewable and carbon emitting; clean oil, which is also non-renewable but carbon-free thanks to an abatement technology, and solar energy, which is renewable and carbon-free. The resulting energy-mix can supply the energy needs of two sectors. These sectors differ in the additional abatement cost they have to pay for consuming clean rather than dirty oil, as Sector 1 (industry) can abate its emissions at a lower cost than Sector 2 (transport). We show that it is optimal to begin by fully capturing Sector 1’s emissions before the ceiling is reached. Also, there may be optimal paths along which the capture devices of both sectors must be activated. In this case, Sector’s 1 emissions are fully abated first, before Sector 2 abates partially. Finally, we discuss the way heterogeneity of abatement costs causes sectoral energy price paths to differ. © Springer Science+Business Media Dordrecht 2013 |
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Abstract Using the Chakravorty et al. (J Econ Dyn Control 30:2875–2904, 2006) ceiling model, we characterize the optimal consumption paths of three energy resources: dirty oil, which is non-renewable and carbon emitting; clean oil, which is also non-renewable but carbon-free thanks to an abatement technology, and solar energy, which is renewable and carbon-free. The resulting energy-mix can supply the energy needs of two sectors. These sectors differ in the additional abatement cost they have to pay for consuming clean rather than dirty oil, as Sector 1 (industry) can abate its emissions at a lower cost than Sector 2 (transport). We show that it is optimal to begin by fully capturing Sector 1’s emissions before the ceiling is reached. Also, there may be optimal paths along which the capture devices of both sectors must be activated. In this case, Sector’s 1 emissions are fully abated first, before Sector 2 abates partially. Finally, we discuss the way heterogeneity of abatement costs causes sectoral energy price paths to differ. © Springer Science+Business Media Dordrecht 2013 |
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Optimal Timing of CCS Policies with Heterogeneous Energy Consumption Sectors |
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