A well-structured CO_2 quota/taxation policy can secure the producers in terms of return on investment even under pessimistic oil price scenarios. This means that the “environmental-friendly” way of production is tightly correlated with a solid and reliable CO_2 pricing mechanism in parallel, giving a proper stability and visibility to oil & gas companies.Further research in this area and more optimal proposals for CO_2 market design (carbon credit trading) would be a next step. Second, this model could be performed on various types of projects so as to reevaluate the position of different oil fields on the global supply curve.
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