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a chapter for the Handbook of Macroeconomics
a chapter for the Handbook of Macroeconomics

... assessment model of climate change and the global economy. Despite its being simple and stylized, this baseline model does have a macroeconomic structure, ie, it makes assumptions that are standard in modern macroeconomic analysis. Many of its key parameters are therefore straightforwardly calibrate ...
What is carbon? Conceptualising carbon and capabilities in
What is carbon? Conceptualising carbon and capabilities in

... Carbon has been described as a ‘surreal commodity.’ While carbon trading, storage, sequestration, and emissions have become a part of the contemporary climate lexicon, how carbon is understood, valued, and interpreted by actors responsible for implementing carbon sequestration projects is still uncl ...
Soil organic carbon pools in the northern circumpolar permafrost
Soil organic carbon pools in the northern circumpolar permafrost

... determine carbon pools in soils of the northern circumpolar permafrost region. The area of all soils in the northern permafrost region is approximately 18,782  103 km2, or approximately 16% of the global soil area. In the northern permafrost region, organic soils (peatlands) and cryoturbated permaf ...
KLEINER 2009 The bright prospect of biochar
KLEINER 2009 The bright prospect of biochar

... withdrawal of carbon dioxide from the atmosphere,” says Johannes Lehmann, a soil scientist at Cornell University in Ithaca, New York, who has spent years studying terra preta and biochar. Lehmann and colleagues think that the potential benefits could be huge. Of the more than 60 billion tonnes of ca ...
ZERO CARBON EVOLUTION Getting on track to a carbon neutral
ZERO CARBON EVOLUTION Getting on track to a carbon neutral

... The scientific evidence is now undeniable: human activities are increasing greenhouse gas levels in the atmosphere which is changing our climate and warming the planet. Per person, Victorians are among the highest greenhouse gas emitters in the world. Most nations across the globe, including Austral ...
Australia`s carbon budget based on global effort sharing
Australia`s carbon budget based on global effort sharing

... Australian historic data. Scenario 2 (“It’s not too late…”) assumes that emissions follow BAU until 2013 and then start reducing emissions. The spent budget is equal to the accumulated emissions between 1990 and 2013, as given by official Australian historic data and projections. Scenario 3 (“Delaye ...
Trading of Carbon Credits Policy
Trading of Carbon Credits Policy

... and investment-conducive carbon credits trading sector that fosters socio-economic development and induces a less carbon-intensive economy.” The majority of GHG mitigation projects are initiatives that develop alternative energy sources or Sub-Policies under energy efficiency programmes. Because of ...
Carbon Market Crossroads
Carbon Market Crossroads

... Financial Times, and The London Telegraph.3 Not surprisingly, this unflattering coverage has led many informed observers to believe that international carbon markets are fatally flawed and environmentally damaging. While some of the criticisms have merit, they obscure a far more interesting, surpris ...
Probe into the Financing Mechanism for Chinese Forestry Carbon Sequestration Market
Probe into the Financing Mechanism for Chinese Forestry Carbon Sequestration Market

... USD 2 million in an agricultural forestry project in Guatemala in the late 1980s with the help of an international poverty alleviation organization, for the purpose of offsetting the emission of greenhouse gases from its thermal power plant in Connecticut. This project aimed to plant 41 million tree ...
Quantifying Carbon Cycle Feedbacks
Quantifying Carbon Cycle Feedbacks

... 2. Climate change and feedback In this section, we review the formalism used to quantify climate feedback, which we will compare in subsequent sections with carbon cycle feedback; Roe (2009) provides a useful and more detailed account of feedback formalism. Changes in composition of the atmosphere f ...
Simulating effects of land use changes on carbon fluxes: past
Simulating effects of land use changes on carbon fluxes: past

... and Ciais, 2004). This limitation can be overcome by endogenous modelling of LULUC processes based on spatially explicit land use maps. Previous global studies taking this approach used terrestrial models either forced by prescribed climate fields and atmospheric CO2 (McGuire et al., 2001) or run as ...
Uncertainties in CMIP5 Climate Projections due to Carbon Cycle
Uncertainties in CMIP5 Climate Projections due to Carbon Cycle

... wider (i.e., to reflect additional uncertainties), and/or are more or less skewed (i.e., to reflect additional skewed uncertainties). When providing best-estimate projections and uncertainty ranges for emission scenarios, there are two major sources of uncertainty that need to be taken into account. ...
No Slide Title
No Slide Title

... – Carbon Budget Model work to track carbon stock change from afforestation activities – National guidelines (i.e., Protocols) to estimate project level carbon sequestration – Developing a National reporting system for A/R projects – Afforestation Economic Model and Information System ...
IEAGHG Information Paper: 2015-IP23; Status Report on Direct Air Capture
IEAGHG Information Paper: 2015-IP23; Status Report on Direct Air Capture

... is mainly generated by hydroelectric sources. According to Carbon Engineering the pilot plant will position the technology to be further scaled up. Also, the pilot plant will now run the whole process — from CO2 capture to regeneration — for the first time. In terms of costs, they claim they will be ...
Analytical Annex - UK Government Web Archive
Analytical Annex - UK Government Web Archive

... The package of climate change and energy measures set out in the Transition Plan will have an impact on energy consumers across the UK. Compared to the counterfactual scenario in which none of these policies are in place, on average, domestic energy bills will be 9% higher in 2020 and industrial ene ...
An Analysis of Carbon Sequestration on Clarkson University`s Campus
An Analysis of Carbon Sequestration on Clarkson University`s Campus

... organizations, companies, and other groups to monitor their emissions through greenhouse gas inventories. According to the U.S. EPA website, a greenhouse gas inventory is, “an accounting of greenhouse gases (GHGs) emitted to or removed from the atmosphere over a period of time.” The use of greenhous ...
A simple carbon cycle representation for
A simple carbon cycle representation for

... (See e.g. Goodess et al, 2003). Care must be taken however to ensure that simplifications do not produce inaccurate behavior that can affect damage estimates. Many simple IAMs use a linearized representation of ocean carbon uptake (for review, see Hof et al, 2012; van Vuuren et al, 2011), but linear ...
Behavioral Public Choice and the Carbon Tax
Behavioral Public Choice and the Carbon Tax

... to the Environmental Protection Agency’s recently finalized Clean Power Plan, economists and other climate policy experts have renewed the call for the United States to adopt a carbon tax. Opposition among the public presents a major obstacle. While a majority of the public supports government actio ...
climate change in the african drylands
climate change in the african drylands

... Africa is a vast mosaic of diverse and contrasting landscapes, plant and animal species, and human populations leading very different and unique lifestyles. However, when we look at the entire continent we tend to be struck by one significant characteristic: much of it is dry. The wettest areas are ...
Comparison of Carbon Offset Standards for Climate Forestation
Comparison of Carbon Offset Standards for Climate Forestation

... combination with the compliance market it was expected that forestry will play an essential role, as considered by the Kyoto Protocol. However, since the ratification of the Protocol, only minor forestry activities have taken place. Up to the publication of this report only one of 1000 CDM projects ...
Global Warming Begins at Home
Global Warming Begins at Home

... 14. The U.S. is expected to have 420 million people by 2050. Multiply the figure from question 12 by 420 million to determine total emissions at that time: ______________. 15. On average, each forest tree absorbs 13 pounds of CO2 per year and each acre of forest absorbs approximately 5 tons of CO2 p ...
Chapter 3 – The cost-effective path to 2050
Chapter 3 – The cost-effective path to 2050

... however, power sector CO2 emissions decreased a further 18% in 20143, and 41% overall between 1990 and 2014. • Industry sector direct GHG emissions (i.e. excluding electricity use) decreased 33% between 1990 and 2013. This partially reflects a structural shift away from energy-intensive industries ...
Disturbance and the carbon balance of US forests: A quantitative
Disturbance and the carbon balance of US forests: A quantitative

... face of these pressures. Harvest is found to be the most extensive disturbance both in terms of area and carbon impacts, followed by fire, windthrow and bark beetles, and lastly droughts. Collectively these lead to the gross loss of about 200 Tg C y−1 in live biomass annually across the conterminous ...
Climate Change Act 2017
Climate Change Act 2017

... Victoria must also take strong action to build resilience to, and reduce the risks posed by, climate change and protect those most vulnerable. The Parliament of Victoria recognises that the community wants and expects Victoria to play its part in global mitigation efforts and in preparing the commun ...
Climate Change Act 2017 - Victorian Legislation and Parliamentary
Climate Change Act 2017 - Victorian Legislation and Parliamentary

... Victoria must also take strong action to build resilience to, and reduce the risks posed by, climate change and protect those most vulnerable. The Parliament of Victoria recognises that the community wants and expects Victoria to play its part in global mitigation efforts and in preparing the commun ...
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Carbon pricing in Australia

A carbon pricing scheme in Australia, commonly referred to as the ""Carbon tax"", was introduced by the Gillard Government and became effective on 1 July 2012, and was in operation until it was repealed by the Australian senate on 17 July 2014. The scheme required entities which emit over 25,000 tonnes per year of Carbon dioxide equivalent greenhouse gases and which were not in the transport or agriculture sectors to obtain emissions permits. The Department of Climate Change stated there were 260 liable entities in June 2013. Approximately 185 discrete companies paid the carbon tax in 2013. Permits are either purchased or issued free as part of industry assistance measures.The pricing was part of a broad energy reform package called the Clean Energy Plan, which aimed to reduce greenhouse gas emissions in Australia by 5% below 2000 levels by 2020 and 80% below 2000 levels by 2050. The plan set out to achieve these targets by encouraging Australia's largest emitters to increase energy efficiency and invest in sustainable energy. The scheme was administered by the Clean Energy Regulator. Compensation to industry and households was funded by the revenue derived from the charge. Initially the price of a permit for one tonne of carbon was fixed at $23 for the 2012–13 financial year, with unlimited permits being available from the Government. The fixed price rose to $24.15 for 2013–14. The government announced a transition to an emissions trading scheme in 2014–15, where the available permits will be limited in line with a pollution cap. The scheme primarily applied to electricity generators and industrial sectors. It did not apply to road transport and agriculture. Domestic aviation did not face the carbon tax per se, but was subject to an additional fuel excise levy of approximately 6 cents per litre.Falls in carbon emissions were observed following implementation of this policy. It was noted that emissions from sectors subject to the pricing mechanism were1.0% lower and nine months after the introduction of the pricing scheme, Australia's emissions of carbon dioxide from electricity generation had fallen to a 10-year low, with coal generation down 11% from 2008 to 2009. However, attribution of these trends to carbon pricing have been disputed, with Frontier Economics claiming trends are largely explained by factors unrelated to the carbon tax. Electricity demand had been falling and in 2012 was at the lowest level seen since 2006 in the National Electricity Market.
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