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| HAL : hal-00667118, version 1 |
| DOI : 10.1007/s10584-010-9868-8 |
| Fiche détaillée |  Récupérer au format |
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| Climatic Change 101, 3-4 (2010) 663-668 |
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| Climate policies as a hedge against the uncertainty on future oil supply |
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| Julie Rozenberg 1Stéphane Hallegatte 1, 2 |
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| (25/06/2010) |
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| 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. |
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| 1 : | Centre International de Recherche sur l'Environnement et le Développement (CIRED) |
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Centre de coopération internationale en recherche agronomique pour le développement [CIRAD] : UMR56 – CNRS : UMR8568 – École des Hautes Études en Sciences Sociales [EHESS] – Ecole des Ponts ParisTech – AgroParisTech |
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| 2 : | Groupe d'étude de l'atmosphère météorologique (CNRM-GAME) |
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CNRS : URA1357 – INSU – Météo France |
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| Domaine | : | Sciences de l'Homme et Société/Economies et finances |
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| Climate policies – peak oil – hedge – cost – uncertainty. |
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| Liste des fichiers attachés à ce document : | |||||
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| hal-00667118, version 1 | |
| http://hal-enpc.archives-ouvertes.fr/hal-00667118 | |
| oai:hal-enpc.archives-ouvertes.fr:hal-00667118 | |
| Contributeur : Julie Rozenberg | |
| Soumis le : Lundi 6 Février 2012, 23:44:21 | |
| Dernière modification le : Vendredi 17 Février 2012, 10:17:21 | |
