Fiche du document
2006
Copyright PERSEE 2003-2023. Works reproduced on the PERSEE website are protected by the general rules of the Code of Intellectual Property. For strictly private, scientific or teaching purposes excluding all commercial use, reproduction and communication to the public of this document is permitted on condition that its origin and copyright are clearly mentionned.
Sujets proches
Science of climate Climate Climate scienceCiter ce document
Odile Blanchard et al., « The impact of climate policies on energy markets and the price of carbon », Revue d'économie financière, ID : 10.3406/ecofi.2006.4425
Métriques
Partage / Export
Résumé
Based on simulations of the POLES model, this paper aims to analyse the interactions between policies to stabilize greenhouse gas concentrations in the atmosphere and the fundamentals of the world oil market. The « carbon value » is the modelling device that reflects the relative harshness of climate policies. It represents the signal that triggers socially responsible investments addressing the climate challenge, ie greenhouse gas abatement investments. We compare a Reference energy scenario and a scenario of emission reductions by a factor four in industrialized countries by 2050. The results show that very ambitious climate policies allow both to mitigate climate change and to manage the depletion of world oil resources. JEL classification : Q58, Q41