Should We Ban Unconventional Oil Extraction to Reduce Global Warming?

Samuel Carrara and Emanuele Massetti
Additional contact information
Samuel Carrara: FEEM and CMCC

No 2014.105, Working Papers from Fondazione Eni Enrico Mattei

Abstract: The extraction and processing of unconventional oil is more energy intensive and has larger negative environmental impacts than the extraction of conventional oil. The European Union (EU) estimates that oil sands lead to 22% more emissions than conventional oil. The EU is very concerned by the potential climate and environmental impacts and has considered introducing a tax on imported unconventional oil in order to discourage its production. This study shows that a global ban on the use of unconventional oil substantially reduces global carbon dioxide emissions, but the policy is not efficient. A unilateral ban of the EU on unconventional oil has no climate benefits and it is expensive for Europe.

Keywords: Unconventional Oil; Climate Mitigation; Energy Policy; European Union (search for similar items in EconPapers)
JEL-codes: Q35 Q37 Q42 Q48 Q56 (search for similar items in EconPapers)
Date: 2014-12
New Economics Papers: this item is included in nep-agr, nep-ene, nep-env and nep-res
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://feem-media.s3.eu-central-1.amazonaws.com/w ... oads/ndl2014-105.pdf (application/pdf)

Related works:
Working Paper: Should We Ban Unconventional Oil Extraction to Reduce Global Warming? (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2014.105

Access Statistics for this paper

More papers in Working Papers from Fondazione Eni Enrico Mattei Contact information at EDIRC.
Bibliographic data for series maintained by Alberto Prina Cerai ().