Pricing contracts under uncertainty in a carbon capture and storage framework
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Authors
Cai, W.
Singham, D.I.
Craparo, E.M.
White, J.A.
Subjects
Carbon capture and storage
Pricing
Uncertainty quantification
Pricing
Uncertainty quantification
Advisors
Date of Issue
2013-10
Date
Publisher
Language
en_US
Abstract
Carbon capture and storage (CCS) has been demonstrated as a viable option for reducing carbon emissions to the atmosphere. We consider a situation where a tax on emissions is imposed on carbon dioxide (CO2) producers to encourage their participation in CCS. Operators of CO2 transportation pipelines and storage sites enter into individual contracts with emissions producers to store CO2. We study the problem of selecting the optimal price andvolume of these contracts under both cost and emissions uncertainty to optimize the storage operator's expected profit.
Type
Article
Description
The article of record may be found at http://dx.doi.org/10.1016/j.eneco.2014.02.003
Series/Report No
Department
Operations Research (OR)
Organization
Naval Postgraduate School (U.S.)
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
W. Cai, D.I. Singham, E.M. Craparo, J.A. White. "Pricing contracts under
uncertainty in a carbon capture and storage framework," (2013) 7 p.
Distribution Statement
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.