Arbeitspapier
The role of carbon capture and sequestration policies for climate change mitigation
This paper takes the policy failure in establishing a global carbon price for efficient emissions reduction as a starting point and analyzes to what extent technology policies can be a reasonable second-best approach. From a supply-side perspective, carbon capture and storage (CCS) policies differ substantially from renewable energy policies: they increase fossil resource demand and simultaneously lower emissions. We show in a theoretical model that, under idealized conditions, a pure CCS subsidy can be as efficient as a carbon tax. Within a numerical dynamic general equilibrium model, we analyze CCS and renewable energy policies under more realistic parameter settings for imperfect or missing carbon prices. We find that in contrast to renewable energy policies, CCS policies are not always capable of reducing emissions in the long run. If feasible, CCS policies carry often lower social costs compared to renewable energy policies. In case fossil resources are abundant and renewable energy costs low, renewable energy policies perform better. Our results indicate that a pure CCS policy or a pure renewable energy policy carry specific risks of missing the environmental target. A smart combination of both, however, can be a robust and low-cost temporary second-best policy.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 3834
- Klassifikation
-
Wirtschaft
Nonrenewable Resources and Conservation: Demand and Supply; Prices
Nonrenewable Resources and Conservation: Government Policy
Energy: General
Climate; Natural Disasters and Their Management; Global Warming
Environmental Economics: Government Policy
- Thema
-
renewable energy subsidy
supply-side dynamics
green paradox
carbon pricing
global warming
CCS
Klimaschutz
Förderung regenerativer Energien
Kohlenstoffsenke
Subvention
Second Best
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kalkuhl, Matthias
Edenhofer, Ottmar
Lessmann, Kai
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kalkuhl, Matthias
- Edenhofer, Ottmar
- Lessmann, Kai
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2012
Ähnliche Objekte (12)
The Calculus of Climate Policy. Carbon Pricing and Technology Policies for Climate Change Mitigation
Learning or lock-in: Optimal technology policies to support mitigation
On the Exploration of German Mitigation Scenarios
Developing Countries in the Context of Climate Change Mitigation and Energy System Transformation
Self-enforcing intergenerational social contract as a source of Pareto improvement and emission mitigation
CO2 Mitigation and Power System Integration of Fluctuating Renewable Energy Sources: A Multi-Scale Modeling Approach
Distributive Impacts of Global Climate Change Mitigation. Effects of Technology, Emission Permit Allocation and Energy Trade
Klimapolitik im globalen, europäischen und nationalen Rahmen : Workshop für Journalisten vor dem Klimagipfel in Doha, Potsdam, 01. November 2012
Deforestation, Land Taxes and Development
Globale Klima- und Energiepolitik nach Durban : Osnabrück, 08. Mai 2012
The Atmosphere as a Global Common: from a Tragedy to a Drama : Max-Planck Institute of Economics, Jena, 11 January 2012
Pokern um die Zukunft : Das Schicksal der Global Commons [[Elektronische Ressource]] : Hochschultage Ökosoziale Marktwirtschaft, TU Berlin, Berlin, 20. November 2012
The Calculus of Climate Policy. Carbon Pricing and Technology Policies for Climate Change Mitigation
Learning or lock-in: Optimal technology policies to support mitigation
On the Exploration of German Mitigation Scenarios
Developing Countries in the Context of Climate Change Mitigation and Energy System Transformation
Self-enforcing intergenerational social contract as a source of Pareto improvement and emission mitigation
CO2 Mitigation and Power System Integration of Fluctuating Renewable Energy Sources: A Multi-Scale Modeling Approach
Distributive Impacts of Global Climate Change Mitigation. Effects of Technology, Emission Permit Allocation and Energy Trade
Klimapolitik im globalen, europäischen und nationalen Rahmen : Workshop für Journalisten vor dem Klimagipfel in Doha, Potsdam, 01. November 2012
Deforestation, Land Taxes and Development
Globale Klima- und Energiepolitik nach Durban : Osnabrück, 08. Mai 2012
The Atmosphere as a Global Common: from a Tragedy to a Drama : Max-Planck Institute of Economics, Jena, 11 January 2012
Pokern um die Zukunft : Das Schicksal der Global Commons [[Elektronische Ressource]] : Hochschultage Ökosoziale Marktwirtschaft, TU Berlin, Berlin, 20. November 2012
The Calculus of Climate Policy. Carbon Pricing and Technology Policies for Climate Change Mitigation
Learning or lock-in: Optimal technology policies to support mitigation
On the Exploration of German Mitigation Scenarios
Developing Countries in the Context of Climate Change Mitigation and Energy System Transformation
Self-enforcing intergenerational social contract as a source of Pareto improvement and emission mitigation
CO2 Mitigation and Power System Integration of Fluctuating Renewable Energy Sources: A Multi-Scale Modeling Approach
Distributive Impacts of Global Climate Change Mitigation. Effects of Technology, Emission Permit Allocation and Energy Trade
Klimapolitik im globalen, europäischen und nationalen Rahmen : Workshop für Journalisten vor dem Klimagipfel in Doha, Potsdam, 01. November 2012
Deforestation, Land Taxes and Development
Globale Klima- und Energiepolitik nach Durban : Osnabrück, 08. Mai 2012
The Atmosphere as a Global Common: from a Tragedy to a Drama : Max-Planck Institute of Economics, Jena, 11 January 2012