Optimal abatement of carbon emission flows

摘要: We study optimal carbon capture and storage (CCS) from point sources, taking into account damages incurred the accumulation of in atmosphere exhaustibility fossil fuel reserves. High concentrations call for full CCS, meaning zero net emissions. identify conditions under which partial or no CCS is optimal. In absence CO2 stock might be inverted U-shaped. With more complicated behavior may arise. It can to have initially, yielding a decreasing stock, then while keeping constant, final phase without but with an U-shaped stock. also introduce option adaptation provide unified theory regarding use adaptation.