Closing wells; fossil exploration and abandonment in the energy transition
Author
Suggested Citation
Download full text from publisher
Other versions of this item:
- Inge van den Bijgaart & Mauricio Rodriguez, 2020. "Closing Wells; Fossil Exploration and Abandonment in the Energy Transition," CESifo Working Paper Series 8453, CESifo.
- van den Bijgaart, Inge & Rodriguez, Mauricio, 2020. "Closing wells; fossil exploration and abandonment in the energy transition," Working Papers in Economics 789, University of Gothenburg, Department of Economics.
References listed on IDEAS
- Elizabeth Baldwin & Yongyang Cai & Karlygash Kuralbayeva, 2018.
"To Build or Not to Build? Capital Stocks and Climate Policy,"
CESifo Working Paper Series
6884, CESifo.
- Elizabeth Baldwin & Yongyang Cai & Karlygash Kuralbayeva, 2019. "To Build or not to Build? Capital Stocks and Climate Policy," OxCarre Working Papers 204, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Elizabeth Baldwin, Yongyang Cai, Karlygash Kuralbayeva, 2018. "To build or not to build? Capital stocks and climate policy," GRI Working Papers 290, Grantham Research Institute on Climate Change and the Environment.
- John Hassler & Per Krusell & Conny Olovsson, 2021.
"Directed Technical Change as a Response to Natural Resource Scarcity,"
Journal of Political Economy, University of Chicago Press, vol. 129(11), pages 3039-3072.
- Hassler, John & Krusell, Per & Olovsson, Conny, 2019. "Directed technical change as a response to natural-resource scarcity," Working Paper Series 375, Sveriges Riksbank (Central Bank of Sweden).
- Labandeira, Xavier & Labeaga, José M. & López-Otero, Xiral, 2017.
"A meta-analysis on the price elasticity of energy demand,"
Energy Policy, Elsevier, vol. 102(C), pages 549-568.
- Xavier Labandeira & José M.aría Labeaga & Xiral López-Otero, 2015. "A meta-analysis on the price elasticity of energy demand," Working Papers 04-2015, Economics for Energy.
- Rebelo, Sérgio & Krusell, Per & Bornstein, Gideon, 2017. "Lags, Costs and Shocks: An Equilibrium Model of the Oil Industry," CEPR Discussion Papers 12047, C.E.P.R. Discussion Papers.
- Rozenberg, Julie & Vogt-Schilb, Adrien & Hallegatte, Stephane, 2020.
"Instrument choice and stranded assets in the transition to clean capital,"
Journal of Environmental Economics and Management, Elsevier, vol. 100(C).
- Rozenberg, Julie & Vogt-Schilb, Adrien & Hallegatte, Stephane, 2017. "Instrument Choice and Stranded Assets in the Transition to Clean Capital," IDB Publications (Working Papers) 8205, Inter-American Development Bank.
- Michael Lazarus & Harro van Asselt, 2018. "Fossil fuel supply and climate policy: exploring the road less taken," Climatic Change, Springer, vol. 150(1), pages 1-13, September.
- Soren T. Anderson & Ryan Kellogg & Stephen W. Salant, 2018.
"Hotelling under Pressure,"
Journal of Political Economy, University of Chicago Press, vol. 126(3), pages 984-1026.
- T. Anderson, Soren & Kellog, Ryan & W. Salant, Stephen, "undated". "Hotelling under Pressure," RFF Working Paper Series dp-14-20, Resources for the Future.
- Soren T. Anderson & Ryan Kellogg & Stephen W. Salant, 2014. "Hotelling Under Pressure," NBER Working Papers 20280, National Bureau of Economic Research, Inc.
- Gerard van der Meijden & Sjak Smulders, 2017. "Carbon Lock†In: The Role Of Expectations," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 58(4), pages 1371-1415, November.
- Anthony J. Venables, 2014.
"Depletion and Development: Natural Resource Supply with Endogenous Field Opening,"
Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 1(3), pages 313-336.
- Anthony Venables, 2011. "Depletion and Development: Natural resounce supply with endogenous field opening," OxCarre Working Papers 062, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Anthony J. Venables, 2011. "Depletion and development: natural resource supply with endogenous field opening," Economics Series Working Papers 554, University of Oxford, Department of Economics.
- Anthony J. Venables, 2011. "Depletion and Development: Natural Resource Supply with Endogenous Field Opening," CESifo Working Paper Series 3608, CESifo.
- Kenneth L. Judd, 1998. "Numerical Methods in Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262100711, April.
- Nystad, Arild N., 1985. "Petroleum taxes and optimal resource recovery," Energy Policy, Elsevier, vol. 13(4), pages 381-401, August.
- Thompson, Andrew C., 2001. "The Hotelling Principle, backwardation of futures prices and the values of developed petroleum reserves -- the production constraint hypothesis," Resource and Energy Economics, Elsevier, vol. 23(2), pages 133-156, April.
- Okullo, Samuel J. & Reynès, Frédéric & Hofkes, Marjan W., 2015.
"Modeling peak oil and the geological constraints on oil production,"
Resource and Energy Economics, Elsevier, vol. 40(C), pages 36-56.
- Okullo, S.J. & Reynes, F. & Hofkes, M.W., 2014. "Modeling Peak Oil and the Geological Constraints on Oil Production," Discussion Paper 2014-036, Tilburg University, Center for Economic Research.
- Okullo, S.J. & Reynes, F. & Hofkes, M.W., 2014. "Modeling Peak Oil and the Geological Constraints on Oil Production," Other publications TiSEM db6aecf8-bc32-478d-b0cd-1, Tilburg University, School of Economics and Management.
- Ben Caldecott, 2017. "Introduction to special issue: stranded assets and the environment," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 7(1), pages 1-13, January.
- Armon Rezai & Frederick Van Der Ploeg, 2017.
"Abandoning Fossil Fuel: How Fast and How Much,"
Manchester School, University of Manchester, vol. 85(S2), pages 16-44, December.
- Rick Van der Ploeg & Armon Rezai, 2013. "Abandoning Fossil Fuel: How Fast and How Much," OxCarre Working Papers 123, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- van der Ploeg, Frederick & Rezai, Armon, 2014. "Abandoning Fossil Fuel: How Fast And How Much?," CEPR Discussion Papers 9921, C.E.P.R. Discussion Papers.
- Harold Hotelling, 1931. "The Economics of Exhaustible Resources," Journal of Political Economy, University of Chicago Press, vol. 39(2), pages 137-137.
- Charles F. Mason and Gavin Roberts, 2018.
"Price Elasticity of Supply and Productivity: An Analysis of Natural Gas Wells in Wyoming,"
The Energy Journal, International Association for Energy Economics, vol. 0(Special I).
- Charles F. Mason & Gavin Roberts, 2018. "Price Elasticity of Supply and Productivity: An Analysis of Natural Gas Wells in Wyoming," The Energy Journal, , vol. 39(1_suppl), pages 79-100, June.
- Mason, Charles & Roberts, Gavin, 2017. "Price Elasticity of Supply and Productivity: An Analysis of Natural Gas Wells in Wyoming," RFF Working Paper Series 17-28, Resources for the Future.
- Myles R. Allen, 2016. "Drivers of peak warming in a consumption-maximizing world," Nature Climate Change, Nature, vol. 6(7), pages 684-686, July.
- Frederick van der Ploeg & Cees Withagen, 2015.
"Global Warming and the Green Paradox: A Review of Adverse Effects of Climate Policies,"
Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 9(2), pages 285-303.
- Rick Van der Ploeg & Cees Withagen, 2013. "Global Warming And The Green Paradox: A Review Of Adverse Effects Of Climate Policies," OxCarre Working Papers 116, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Boyce, John R. & Nøstbakken, Linda, 2011. "Exploration and development of U.S. oil and gas fields, 1955-2002," Journal of Economic Dynamics and Control, Elsevier, vol. 35(6), pages 891-908, June.
- Gideon Bornstein & Per Krusell & Sergio Rebelo, 2017. "A World Equilibrium Model of the Oil Market," NBER Working Papers 23423, National Bureau of Economic Research, Inc.
- Dietz, Simon & Venmans, Frank, 2019.
"Cumulative carbon emissions and economic policy: In search of general principles,"
Journal of Environmental Economics and Management, Elsevier, vol. 96(C), pages 108-129.
- Simon Dietz, Frank Venmans, 2017. "Cumulative carbon emissions and economic policy: in search of general principles," GRI Working Papers 283, Grantham Research Institute on Climate Change and the Environment.
- Dietz, Simon & Venmans, Frank, 2019. "Cumulative carbon emissions and economic policy: in search of general principles," LSE Research Online Documents on Economics 100733, London School of Economics and Political Science, LSE Library.
- Robert D. Cairns & Graham A. Davis, 2001.
"Adelman's Rule and the Petroleum Firm,"
The Energy Journal, , vol. 22(3), pages 31-54, July.
- Robert D. Cairns and Graham A. Davis, 2001. "Adelman's Rule and the Petroleum Firm," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 31-54.
- Cairns, Robert D., 2014. "The green paradox of the economics of exhaustible resources," Energy Policy, Elsevier, vol. 65(C), pages 78-85.
- Bai, Yiyi & Okullo, Samuel J., 2018. "Understanding oil scarcity through drilling activity," Energy Economics, Elsevier, vol. 69(C), pages 261-269.
- Bård Harstad, 2012. "Buy Coal! A Case for Supply-Side Environmental Policy," Journal of Political Economy, University of Chicago Press, vol. 120(1), pages 77-115.
- Pindyck, Robert S, 1978. "The Optimal Exploration and Production of Nonrenewable Resources," Journal of Political Economy, University of Chicago Press, vol. 86(5), pages 841-861, October.
- van der Ploeg, Frederick & Rezai, Armon, 2020.
"The risk of policy tipping and stranded carbon assets,"
Journal of Environmental Economics and Management, Elsevier, vol. 100(C).
- Rick van der Ploeg & Armon Rezai, 2019. "The Risk of Policy Tipping and Stranded Carbon Assets," CESifo Working Paper Series 7769, CESifo.
- Joeri Rogelj & Michiel Schaeffer & Pierre Friedlingstein & Nathan P. Gillett & Detlef P. van Vuuren & Keywan Riahi & Myles Allen & Reto Knutti, 2016. "Differences between carbon budget estimates unravelled," Nature Climate Change, Nature, vol. 6(3), pages 245-252, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Cardenas, J. C. & Jaramillo, F & León, D & López, M. & Rodríguez, M & Zuleta, H, 2021.
"With a little help from my friends: Debt Renegotiation and Climate Change,"
Documentos de Trabajo
19732, Universidad del Rosario.
- Juan Camilo Cárdenas & Fernando Jaramillo & Diana León & María del Pilar López Uribe & Mauricio Rodriguez & Hernando Zuleta, 2021. "With a little help from my friends: Debt renegotiation and climate change," Documentos CEDE 19715, Universidad de los Andes, Facultad de Economía, CEDE.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- van den Bijgaart, Inge & Rodriguez, Mauricio, 2023. "Closing wells: Fossil development and abandonment in the energy transition," Resource and Energy Economics, Elsevier, vol. 74(C).
- Okullo, Samuel J. & Reynès, Frédéric & Hofkes, Marjan W., 2021.
"(Bio-)Fuel mandating and the green paradox,"
Energy Economics, Elsevier, vol. 95(C).
- Okullo, Samuel & Reynes, F. & Hofkes, M., 2016. "Biofuel Mandating and the Green Paradox," Discussion Paper 2016-024, Tilburg University, Center for Economic Research.
- Okullo, Samuel & Reynes, F. & Hofkes, M., 2016. "Biofuel Mandating and the Green Paradox," Other publications TiSEM 2ef0304e-8645-42f7-9146-7, Tilburg University, School of Economics and Management.
- Julien Daubanes & Pierre Lasserre, 2019.
"The supply of non-renewable resources,"
Canadian Journal of Economics, Canadian Economics Association, vol. 52(3), pages 1084-1111, August.
- Julien Daubanes & Pierre Lasserre, 2019. "The supply of non‐renewable resources," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 52(3), pages 1084-1111, August.
- Julien Xavier Daubanes & Pierre Lasserre, 2017. "The Supply of Non-Renewable Resources," IFRO Working Paper 2017/03, University of Copenhagen, Department of Food and Resource Economics.
- Julien Daubanes & Pierre Lasserre, 2018. "The supply of non-renewable resources," Working Papers 2018.09, FAERE - French Association of Environmental and Resource Economists.
- Frederick van der Ploeg & Armon Rezai, 2020.
"Stranded Assets in the Transition to a Carbon-Free Economy,"
Annual Review of Resource Economics, Annual Reviews, vol. 12(1), pages 281-298, October.
- Rick Van der Ploeg & Armon Rezai, 2019. "Stranded Assets In The Transition To A Carbon-Free Economy," Economics Series Working Papers 894, University of Oxford, Department of Economics.
- Rick van der Ploeg & Armon Rezai, 2019. "Stranded Assets in the Transition to a Carbon-Free Economy," CESifo Working Paper Series 8025, CESifo.
- Moreaux, Michel & Amigues, Jean-Pierre & van der Meijden, Gerard & Withagen, Cees, 2024.
"Carbon capture: Storage vs. Utilization,"
Journal of Environmental Economics and Management, Elsevier, vol. 125(C).
- Michel Moreaux & Jean-Pierre Amigues & Gerard van der Meijden & Cees Withagen, "undated". "Carbon Capture: Storage vs. Utilization," Tinbergen Institute Discussion Papers 22-041/VIII, Tinbergen Institute.
- Michel Moreaux & Jean-Pierre Amigues & Gerard van der Meijden & Cees Withagen, 2024. "Carbon capture: Storage vs. Utilization," Post-Print hal-04643896, HAL.
- van der Ploeg, Frederick, 2020.
"Race to burn the last ton of carbon and the risk of stranded assets,"
European Journal of Political Economy, Elsevier, vol. 64(C).
- Rick Van der Ploeg, 2017. "Race to Burn the Last Ton of Carbon and the Risk of Stranded Assets," OxCarre Working Papers 201, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Rick van der Ploeg, 2017. "Race to Burn the Last Ton of Carbon and the Risk of Stranded Assets," CESifo Working Paper Series 6793, CESifo.
- Roberto Ferreira da Cunha & Antoine Missemer, 2020.
"The Hotelling rule in non‐renewable resource economics: A reassessment,"
Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 53(2), pages 800-820, May.
- Roberto P. Ferreira da Cunha & Antoine Missemer, 2020. "The Hotelling Rule in Non-Renewable Resource Economics: A Reassessment," Post-Print hal-03216483, HAL.
- Johannes Pfeiffer, 2017. "Fossil Resources and Climate Change – The Green Paradox and Resource Market Power Revisited in General Equilibrium," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 77.
- van der Ploeg, Frederick & Rezai, Armon, 2020.
"The risk of policy tipping and stranded carbon assets,"
Journal of Environmental Economics and Management, Elsevier, vol. 100(C).
- Rick van der Ploeg & Armon Rezai, 2019. "The Risk of Policy Tipping and Stranded Carbon Assets," CESifo Working Paper Series 7769, CESifo.
- Chuku, Chuku & Lang, Lin & Lim, King Yoong, 2023.
"Public debt, Chinese loans and optimal exploration–extraction in Africa,"
Energy Economics, Elsevier, vol. 118(C).
- Chuku Chuku & Lin Lang & King Yoong Lim, 2021. "Working Paper 355 - Public debt, Chinese loans and optimal exploration-extraction in Africa," Working Paper Series 2481, African Development Bank.
- Alves, Joana Duarte Ouro & Faria, Weslem Rodrigues, 2024. "Reserves, well drilling and production: Assessing the optimal trajectory of oil extraction for Brazil," Resources Policy, Elsevier, vol. 88(C).
- Soren T. Anderson & Ryan Kellogg & Stephen W. Salant, 2018.
"Hotelling under Pressure,"
Journal of Political Economy, University of Chicago Press, vol. 126(3), pages 984-1026.
- T. Anderson, Soren & Kellog, Ryan & W. Salant, Stephen, "undated". "Hotelling under Pressure," RFF Working Paper Series dp-14-20, Resources for the Future.
- Soren T. Anderson & Ryan Kellogg & Stephen W. Salant, 2014. "Hotelling Under Pressure," NBER Working Papers 20280, National Bureau of Economic Research, Inc.
- Gregory Casey, 2024.
"Energy Efficiency and Directed Technical Change: Implications for Climate Change Mitigation,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 91(1), pages 192-228.
- Casey, Gregory, "undated". "Energy Efficiency and Directed Technical Change: Implications for Climate Change Mitigation," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 259959, Agricultural and Applied Economics Association.
- Casey, Gregory, 2017. "Energy Efficiency and Directed Technical Change: Implications for Climate Change Mitigation," MPRA Paper 76416, University Library of Munich, Germany.
- Gregory P. Casey, 2022. "Energy Efficiency and Directed Technical Change: Implications for Climate Change Mitigation," CESifo Working Paper Series 9580, CESifo.
- Gregory Casey, 2019. "Energy Efficiency and Directed Technical Change: Implications for Climate Change Mitigation," Department of Economics Working Papers 2019-17, Department of Economics, Williams College.
- Okullo, Samuel J. & Reynès, Frédéric & Hofkes, Marjan W., 2015.
"Modeling peak oil and the geological constraints on oil production,"
Resource and Energy Economics, Elsevier, vol. 40(C), pages 36-56.
- Okullo, S.J. & Reynes, F. & Hofkes, M.W., 2014. "Modeling Peak Oil and the Geological Constraints on Oil Production," Other publications TiSEM db6aecf8-bc32-478d-b0cd-1, Tilburg University, School of Economics and Management.
- Okullo, S.J. & Reynes, F. & Hofkes, M.W., 2014. "Modeling Peak Oil and the Geological Constraints on Oil Production," Discussion Paper 2014-036, Tilburg University, Center for Economic Research.
- van den Bremer, Ton & van der Ploeg, Frederick & Wills, Samuel, 2016.
"The Elephant In The Ground: Managing Oil And Sovereign Wealth,"
European Economic Review, Elsevier, vol. 82(C), pages 113-131.
- Rick Van der Ploeg & Ton van den Bremer, 2013. "The Elephant In The Ground: Managing Oil And Sovereign Wealth," OxCarre Working Papers 129, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- van der Ploeg, Frederick & Wills, Samuel & ,, 2014. "The Elephant in the Ground: Managing Oil and Sovereign Wealth," CEPR Discussion Papers 10188, C.E.P.R. Discussion Papers.
- Ton van den Bremer & Frederick van der Ploeg & Samuel Wills, 2014. "The elephant in the ground: managing oil and sovereign wealth," CAMA Working Papers 2014-62, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Wang, Qiao & Balvers, Ronald, 2021. "Determinants and predictability of commodity producer returns," Journal of Banking & Finance, Elsevier, vol. 133(C).
- Okullo, Samuel J. & Reynès, Frédéric, 2016.
"Imperfect cartelization in OPEC,"
Energy Economics, Elsevier, vol. 60(C), pages 333-344.
- Okullo, Samuel & Reynes, F., 2016. "Imperfect Cartelization in OPEC," Discussion Paper 2016-011, Tilburg University, Center for Economic Research.
- Kalkuhl, Matthias & Steckel, Jan Christoph & Edenhofer, Ottmar, 2020. "All or nothing: Climate policy when assets can become stranded," Journal of Environmental Economics and Management, Elsevier, vol. 100(C).
- Güntner, Jochen H.F., 2019.
"How do oil producers respond to giant oil field discoveries?,"
Energy Economics, Elsevier, vol. 80(C), pages 59-74.
- Jochen Güntner, 2017. "How do oil producers respond to giant oil field discoveries?," Economics working papers 2017-04, Department of Economics, Johannes Kepler University Linz, Austria.
- Konrad, Kai A. & Thum, Marcel, 2023. "Elusive effects of export embargoes for fossil energy resources," Energy Economics, Elsevier, vol. 117(C).
More about this item
Keywords
carbon budget; energy transition; fossil exploration; nonrenewable resources; renewableenergy; stranded assets.;All these keywords.
JEL classification:
- Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices
- Q31 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Demand and Supply; Prices
- Q35 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Hydrocarbon Resources
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ENE-2020-07-27 (Energy Economics)
- NEP-ENV-2020-07-27 (Environmental Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:col:000092:018249. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Facultad de Economía (email available below). General contact details of provider: https://edirc.repec.org/data/ferosco.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.