Carbon capture and storage (CCS) seems an appealing option to meet the ambitious objectives of the Paris Agreement. Captured CO2 emissions can also be injected in active fields to enhance recovery: Carbon capture and utilization (CCU). We study a dynamic model of CCS and CCU of an economy...

Climate change is the most important issue now facing humanity. As global temperatures increase, floods, fires and storms are becoming both more intense and frequent. People are suffering. And yet, emissions continue to rise. This book unpacks the activities of the key actors which have...

This paper studies the properties of second-best optimal policy in a standard general equilibrium model of growth augmented with renewable natural resources. The government chooses its policy instruments (the income tax rate and the allocation of collected tax revenues between public investment...