000			01437cam a2200229 4500500
005			20260329002944.0
041			_afre
042			_adc
100	1	0	_aGrimaud, André _eauthor
700	1	0	_aRouge, Luc _eauthor
245	0	0	_aCarbon Sequestration and Optimal Climate Policy
260			_c2009.
500			_a59
520			_aWe present an endogenous growth model in which the use of a non-renewable natural resource generates carbon-dioxide emissions that can be partly sequestered. This approach breaks with the systematic link between resource use and pollution emission. The accumulated stock of remaining emissions has a negative impact on household utility and corporate productivity. While sequestration quickens the optimal extraction rate, it can also generate higher emissions in the short run. It also has an adverse effect on economic growth. We study the impact of a carbon tax: the level of the tax has an effect in our model, its optimal level is positive, and it can be interpreted ex post as a decreasing ad valorem tax on the resource.
690			_acarbon sequestration
690			_aclimate policy
690			_aendogenous growth
690			_anon-renewable resources
690			_apollution
786	0		_nEconomie & prévision | o 190-191 | 4 | 2009-12-28 | p. 53-69 | 0249-4744
856	4	1	_uhttps://shs.cairn.info/journal-economie-et-prevision-1-2009-4-page-53?lang=en&redirect-ssocas=7080
999			_c1819983 _d1819983