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Optimal global carbon management with ocean sequestration

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dc.creator Rickels, Wilfried
dc.creator Lontzek, Thomas S.
dc.date 2008
dc.date.accessioned 2013-10-16T06:16:49Z
dc.date.available 2013-10-16T06:16:49Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/4316
dc.identifier ppn:571524966
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/4316
dc.description We investigate the socially optimal anthropogenic intervention into the global carbon cycle. The limiting factor for this intervention is the accumulation of carbon in the atmosphere, which causes global warming. We apply a simplified two-box model to incorporate aspects of the global carbon cycle in a more appropriate way than a simple proportional decay assumption does. Anthropogenic intervention into the global carbon cycle enters the model as the amount of CO2 emitted into the atmosphere and the amount of CO2 injected into the deep ocean for purposes of sequestration. We derive a critical cost level for sequestration above which sequestration is just a temporary option or below which it is the long-run option allowing extended use of fossil fuels. The second option involves higher atmospheric stabilization levels, whereby the efficiency of sequestration depends on the time preference and the inertia of the carbon cycle.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1432
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject Q30
dc.subject Q54
dc.subject Q30
dc.subject ddc:330
dc.subject Climate Change
dc.subject Global Carbon Cycle
dc.subject Sequestration
dc.subject CO2 Emissions
dc.subject Klimaschutz
dc.subject Kohlenstoffsenke
dc.subject Kohlendioxid
dc.subject Meer
dc.subject Kosten-Nutzen-Analyse
dc.subject Theorie
dc.title Optimal global carbon management with ocean sequestration
dc.type doc-type:workingPaper


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