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The benefits of investing into improved carbon flux monitoring

Szolgayová, J.; Fuss, Sabine; Kaminski, T.; Scholze, M. LU ; Gusti, M.; Heimann, M. and Tavoni, M. (2016) In Cogent Economics and Finance 4(1).
Abstract

Operationalizing a Global Carbon Observing and Analysis System (www.geocarbon.net) would provide a sound basis for monitoring actual carbon fluxes and thus getting quantities right when pricing carbon - be it in a cap-and-trade scheme or under a tax regime. However, such monitoring systems are expensive and-especially in times of economic weakness-budgets for science and environmental policy are under particular scrutiny. In this study, we attempt to demonstrate the magnitude of benefits of improved information about actual carbon fluxes. Such information enables better-informed policy-making and thus paves the way for a more secure investment environment when decarbonizing the energy sector. The numerical results provide a robust... (More)

Operationalizing a Global Carbon Observing and Analysis System (www.geocarbon.net) would provide a sound basis for monitoring actual carbon fluxes and thus getting quantities right when pricing carbon - be it in a cap-and-trade scheme or under a tax regime. However, such monitoring systems are expensive and-especially in times of economic weakness-budgets for science and environmental policy are under particular scrutiny. In this study, we attempt to demonstrate the magnitude of benefits of improved information about actual carbon fluxes. Such information enables better-informed policy-making and thus paves the way for a more secure investment environment when decarbonizing the energy sector. The numerical results provide a robust indication of a positive social value of improving carbon monitoring systems when compared to their cost, especially for the more ambitious climate policies.

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Please use this url to cite or link to this publication:
author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Carbon flux monitoring, Carbon pricing, Decarbonization, Investment, Uncertainty
in
Cogent Economics and Finance
volume
4
issue
1
publisher
Taylor & Francis
external identifiers
  • scopus:85027690234
DOI
10.1080/23322039.2016.1239672
language
English
LU publication?
yes
id
971b5d36-a4ac-4c5c-b0df-cea634f61e77
date added to LUP
2017-09-25 08:24:17
date last changed
2017-11-05 05:22:50
@article{971b5d36-a4ac-4c5c-b0df-cea634f61e77,
  abstract     = {<p>Operationalizing a Global Carbon Observing and Analysis System (www.geocarbon.net) would provide a sound basis for monitoring actual carbon fluxes and thus getting quantities right when pricing carbon - be it in a cap-and-trade scheme or under a tax regime. However, such monitoring systems are expensive and-especially in times of economic weakness-budgets for science and environmental policy are under particular scrutiny. In this study, we attempt to demonstrate the magnitude of benefits of improved information about actual carbon fluxes. Such information enables better-informed policy-making and thus paves the way for a more secure investment environment when decarbonizing the energy sector. The numerical results provide a robust indication of a positive social value of improving carbon monitoring systems when compared to their cost, especially for the more ambitious climate policies.</p>},
  articleno    = {1239672},
  author       = {Szolgayová, J. and Fuss, Sabine and Kaminski, T. and Scholze, M. and Gusti, M. and Heimann, M. and Tavoni, M.},
  keyword      = {Carbon flux monitoring,Carbon pricing,Decarbonization,Investment,Uncertainty},
  language     = {eng},
  month        = {10},
  number       = {1},
  publisher    = {Taylor & Francis},
  series       = {Cogent Economics and Finance},
  title        = {The benefits of investing into improved carbon flux monitoring},
  url          = {http://dx.doi.org/10.1080/23322039.2016.1239672},
  volume       = {4},
  year         = {2016},
}