We represent in a formal model a policy argument questioning the pertinence of the adoption of a restrictive environmental policy limiting the use of abundant fossil energy resources in a developing economy. This `` Right-to-Development '' argument highlights the risk that such a policy may halt...

Using a standard Hotelling model of resource exploitation, we determine the optimal consumption paths of three energy resources: dirty coal, which is depletable and carbon-emitting; clean coal, which is also depletable but carbon-free thanks to an abatement technology (CCS: Carbon Capture and...

We characterize the optimal exploitation paths of two perfect substitute primary energy resources, a non-renewable polluting resource and a carbon-free renewable one. Both resources can supply the energy needs of two sectors. Sector 1 is able to reduce its carbon footprint at a reasonable cost...