| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Optimal Oil Exploration under Climate Treaties | |
| Snorre Kverndokk; Elin Berg; Knut Einar Rosendahl | |
| 发表日期 | 1998 |
| 出处 | Climate Change and Sustainable Development |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | In this paper we focus on how an international carbon treaty will influence the exploration of oil in Non-OPEC countries. We present a numerical intertemporal global equilibrium model for the fossil fuel markets. The international oil market is modelled with a cartel (OPEC) and a competitive fringe on the supply side, following a Nash-Cournot approach. An initial resource base for oil is given in the Non-OPEC region, however, the resource base changes over time due to depletion, exploration and discovery. When studying the effects of different climate treaties on oil exploration, two contrasting incentives apply. If an international carbon tax is introduced, the producer price of oil will fall giving an incentive to reduce oil production and exploration. However, the oil price may increase less rapidly over time, which gives an incentive to accelerate production, and exploration. In fact, in the case of a rising carbon tax, we find that the last incentive proves to be the strongest which means that an international carbon treaty accelerates oil exploration in Non-OPEC countries. |
| 特色分类 | H23,Q30,Q40 |
| 关键词 | International carbon treaties,Exhaustible resources,Optimal oil exploration |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/optimal-oil-exploration-under-climate-treaties/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116381 |
| 推荐引用方式 GB/T 7714 | Snorre Kverndokk,Elin Berg,Knut Einar Rosendahl. Optimal Oil Exploration under Climate Treaties. 1998. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL1998-085.pdf（312KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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