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Carbon sequestration in leaky reservoirs

Abstract : We propose in this paper a model of optimal Carbon Capture and Storage in which the reservoir of sequestered carbon is leaky, and pollution eventually is released into the atmosphere. We formulate the social planner problem as an optimal control program and we describe the optimal consumption paths as a function of the initial conditions, the physical constants and the economical parameters. In particular, we show that the presence of leaks may lead to situations which do not occur otherwise, including that of non-monotonous price paths for the energy.
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Submitted on : Thursday, September 19, 2013 - 4:16:39 PM
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  • HAL Id : hal-00863230, version 1


Alain Jean-Marie, Michel Moreaux, Mabel Tidball. Carbon sequestration in leaky reservoirs. 18th Annual Conference of the European Association of Environmental and Resource Economists (EAERE), Laura Castellucci (chair) / Alessio D'Amato (vice-chair), Jun 2011, Rome, Italy. ⟨hal-00863230⟩



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