BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//CREST - ECPv5.1.3//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:CREST
X-ORIGINAL-URL:https://crest.science
X-WR-CALDESC:Events for CREST
BEGIN:VTIMEZONE
TZID:Europe/Helsinki
BEGIN:DAYLIGHT
TZOFFSETFROM:+0200
TZOFFSETTO:+0300
TZNAME:EEST
DTSTART:20260329T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0300
TZOFFSETTO:+0200
TZNAME:EET
DTSTART:20261025T010000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260929T121500
DTEND;TZID=Europe/Helsinki:20260929T133000
DTSTAMP:20261009T124001
CREATED:20260730T143716Z
LAST-MODIFIED:20260922T131922Z
UID:19068-1790684100-1790688600@crest.science
SUMMARY:Renaud COULOMB (Ecole des Mines Paris) - "The Welfare Economics of Oil Exploration"
DESCRIPTION:Applied Micro Seminar : Every Tuesday \nTime: 12:15 pm – 13:30 pm\nDate: September\, 29\nRoom : 3001 \nRenaud COULOMB  (Ecole des Mines Paris) “The Welfare Economics of Oil Exploration” \n  \nAbstract :  \nDespite growing calls to phase it out\, oil exploration persists\, often justified by the natural decline of existing fields and potential efficiency gains from discoveries. This paper quantifies the global welfare and environmental impacts of restricting oil exploration. We develop a global dynamic model calibrated to a granular dataset of 14\,637 proven oilfields\, accounting for heterogeneity in private extraction costs\, capacity constraints\, life-cycle carbon intensities of oil barrels\, along with exploration dynamics and basin-specific estimates of yet-to-find resources. We find that exploration restrictions are an effective second-best climate policy: in the absence of a global carbon tax\, a universal ban increases global welfare by $12.5 trillion due to lower social costs of oil production and use (assuming a social cost of carbon of $200/tCO2eq). A partial ban by OECD and BRICS countries alone captures 66% of these gains. Under optimal carbon pricing\, however\, a global ban yields a modest $0.3 trillion welfare loss\, as it precludes access to lower-social-cost deposits and prevents the easing of short-run capacity constraints. \nWith  France d’Agrain (Mines Paris – PSL University)\, Fanny Henriet (Aix-Marseille University – Aix-Marseille School of Economics; CNRS) \nOrganizers:\nBenoît SCHMUTZ (Pôle économie du CREST)\nClément MALGOUYRES (Pôle économie du CREST) \nSponsors:\nCREST \n
URL:https://crest.science/event/https-sites-google-com-site-renaudcoulomb/
CATEGORIES:Applied Seminar,Seminars
ATTACH;FMTTYPE=:
END:VEVENT
END:VCALENDAR