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Étiqueté : fossil fuel

Research or carbon capture and storage – How to limit climate change?

The consequences of the 2°C climate target and the implicitly imposed ceiling on CO2 have been analyzed in several studies. We use an endogenous growth model with a ceiling and a carbon capture and storage (CCS) technology to study the effect of the ceiling on the allocation of limited funds for R&D, CCS and capital accumulation…

The Future of oil: geology versus technology

The authors discuss and reconcile two diametrically opposed views concerning the future of world oil production and prices. The geological view expects that physical constraints will dominate the future evolution of oil output and prices. The technological view of oil expects that higher oil prices must eventually have a decisive effect on oil output…