Providing Adequate Incentives for Bioenergies with CO2 Capture and Geological Storage

Mercredi | 2010-01-27

Olivia RICCI

With a large recognition that anthropogenic greenhouse gases (GHG) have a real impact on climate change, we propose to understand better the role and importance of biomass carbon capture and geological storage (BCCS) in stabilizing GHG emissions. To date carbon capture and storage (CCS) is not deployed at a commercial level, therefore policy instruments could be used to provide adequate incentives to firms in order to abate pollution with a CCS technology. The objective of this paper is to compare, in a dynamic general equilibrium model, the efficiency of several policy instruments needed to spur the adoption of CO2 capture and storage from fossil fuel as well as from biomass.