Optimal Use of a Polluting non Renewable Ressource Generating Both Manageable and Catastrophic Damages

We consider a model with two energy sources, a non-renewable one, cheap but polluting, and a renewable one, expensive but clean, let’s say coal and solar. The aim of environmental policy is to maintain atmospheric carbon concentration under a given ceiling, chosen to prevent an excessive rise of the...

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Bibliographic details
Main Author: Schubert, Katheline
Amigues, Jean-Pierre
MOREAUX, Michel
Format: Journal Article
Language: English
Place of publication: ENSAE 2011
published in: Annales d'Economie et de Statistique no. 103; pp. 107 - 142
Data of publication: 2011
Series: Annales d'Economie et de Statistique
Online Access: available in Bonn?
Database: RePEc
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