dc.contributor.author Durmaz, Tunç dc.contributor.author Schroyen, Fred dc.date.accessioned 2019-10-31T12:08:14Z dc.date.available 2019-10-31T12:08:14Z dc.date.issued 2019-10-16 dc.identifier.issn 0804-6824 dc.identifier.uri http://hdl.handle.net/11250/2625591 dc.description.abstract We assess the extent to which Carbon Capture and Storage (CCS) and R&D on this abatement technology are part of a socially efficient solution to the problem of climate change. For this purpose, we extend the intertemporal model of climate and directed technical change developed by Acemoglu et al. (2012, American Economic Review, 102(1): 131–66) to include a sector responsible for CCS. We show that two types of solutions exist: a renewable energy regime where current CCS technology is only temporarily used but never further developed; and a fossil energy regime where CCS is part of a long term solution and is further developed at about the same rate as fossil energy technology. Our computations show that for current estimates of the marginal cost of CCS, the renewable energy regime clearly dominates the fossil fuel energy regime. nb_NO dc.language.iso eng nb_NO dc.relation.ispartofseries DP SAM;22/2019 dc.subject carbon capture and storage; renewable energy; fossil fuel energy; endogenous technical change; climate change nb_NO dc.title Evaluating Carbon Capture and Storage in a Climate Model with Endogenous Technical Change nb_NO dc.type Working paper nb_NO dc.description.version updatedVersion nb_NO dc.subject.nsi Samfunnsvitenskap nb_NO dc.source.pagenumber 52 nb_NO
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