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The benefits of investing into improved carbon flux monitoring
- Source :
- Cogent Economics & Finance, Vol 4, Iss 1 (2016), Cogent Economics & Finance, Cogent economics & finance
- Publication Year :
- 2016
-
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 indication of a positive social value of improving carbon monitoring systems when compared to their cost, especially for the more ambitious climate policies.
- Subjects :
- Economics and Econometrics
Scrutiny
010504 meteorology & atmospheric sciences
Natural resource economics
020209 energy
education
chemistry.chemical_element
02 engineering and technology
7. Clean energy
01 natural sciences
carbon flux monitoring
lcsh:Finance
lcsh:HG1-9999
ddc:330
0202 electrical engineering, electronic engineering, information engineering
Economics
uncertainty
1172 Environmental sciences
carbon pricing
0105 earth and related environmental sciences
Carbon flux
Operationalization
decarbonization
lcsh:Economic theory. Demography
Monitoring system
investment
Investment (macroeconomics)
Energy sector
lcsh:HB1-3840
chemistry
13. Climate action
Value (economics)
Carbon
Finance
Subjects
Details
- Language :
- English
- Database :
- OpenAIRE
- Journal :
- Cogent Economics & Finance, Vol 4, Iss 1 (2016), Cogent Economics & Finance, Cogent economics & finance
- Accession number :
- edsair.doi.dedup.....d06fef32bf1f63d14b0e9d1dcb5bea95