Climate policies as a hedge against the uncertainty on future oil supply
2010
Rozenberg, Julie | Hallegatte, Stéphane | Vogt-Schilb, Adrien | Sassi, Olivier | Guivarch, Céline | Waisman, Henri | Hourcade, Jean Charles | centre international de recherche sur l'environnement et le développement (CIRED) ; Centre de Coopération Internationale en Recherche Agronomique pour le Développement (Cirad)-École des hautes études en sciences sociales (EHESS)-AgroParisTech-École nationale des ponts et chaussées (ENPC)-Centre National de la Recherche Scientifique (CNRS) | Centre national de recherches météorologiques (CNRM) ; Institut national des sciences de l'Univers (INSU - CNRS)-Centre National de la Recherche Scientifique (CNRS)-Communauté d'universités et établissements de Toulouse (Comue de Toulouse)-Météo-France | Chaire MPDD
International audience
اظهر المزيد [+] اقل [-]إنجليزي. Despite the inextricable link between oil scarcity and climate change, the interplay between these two issues is paradoxically an underworked area. This article uses a global energy-economy model to address the link between future oil supply and climate change and assesses in a common framework both the costs of climate policies and oil scarcity. It shows that, in the context of a limited and uncertain amount of ultimately recoverable oil resources, climate policies reduce the world vulnerability to peak oil. Climate policies, therefore, appear as a hedging strategy against the uncertainty on oil resources, in addition to their main aim of avoiding dangerous climate change. This co-benefit is estimated at the net present value of US$11,500 billion. Eventually, reducing the risk of future economic losses due to oil scarcity may appear as a significant side-benefit of climate policies to many decision-makers.
اظهر المزيد [+] اقل [-]الكلمات المفتاحية الخاصة بالمكنز الزراعي (أجروفوك)
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