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Corporate tax reform: Paying the bills with a carbon tax

Dates

Year
2007

Citation

Metcalf, G.E., 2007, Corporate tax reform: Paying the bills with a carbon tax: Public Finance Review, v. 35, iss. 3, p. 440-459.

Summary

In this paper, we present an economic analysis of CO2-enhanced oil recovery (EOR). This technique entails injection of CO2 into mature oil fields in a manner that reduces the oil's viscosity, thereby enhancing the rate of extraction. As part of this process, significant quantities of CO2 remain sequestered in the reservoir. If CO2 emissions are regulated, oil producers using EOR should therefore be able to earn revenues from sequestration as well as from oil production. We develop a theoretical framework that analyzes the dynamic co-optimization of oil extraction and CO2 sequestration, through the producer's choice of the fraction of CO2 in the injection stream at each moment. We find that the optimal fraction of CO2 is likely to decline [...]

Contacts

Author :
Metcalf, G.E.

Communities

  • Western Energy Citation Clearinghouse

Tags

Additional Information

Identifiers

Type Scheme Key
DOI WECC []
ISSN WECC 1091-1421

Citation Extension

journalPublic Finance Review
parts
typePages
value440-459
typeVolume
value35
typeIssue
value3
citationTypeJournal Article

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