Funding low-carbon investments in the absence of a carbon tax

Introducing a carbon tax is difficult, partly because it suggests that current generations have to make sacrifices for the benefit of future generations. However, the climate change externality could be corrected without such a sacrifice. It is possible to set a carbon value, and use it to create ‘carbon certificates’ that can be accepted as part of commercial banks’ legal reserves. These certificates can be distributed to low-carbon projects, and be exchanged by investors against concessional loans, reducing capital costs for low-carbon projects. As the issuance of carbon certificates would increase the quantity of money, it will either lead to accelerated inflation or induce the Central Bank to raise interest rates. Low-carbon projects will thus have access to cheaper loans at the expense of either ‘regular’ investors (in case of higher interest rates) or of lenders and depositors (in case of accelerated inflation). Within this scheme, mitigation expenditures are compensated by a reduction in regular investments, so that immediate consumption is maintained. It uses future generation wealth to pay for a hedge against climate change. This framework is not as efficient as a carbon tax but is politically easier to implement and represents an interesting step in the trajectory towards a low-carbon economy.     

The Zamama-Thor region of Io: Insights from a synthesis of mapping, topography, and Galileo spacecraft data

We have studied data from the Galileo spacecraft's three remote sensing instruments (Solid-State Imager (SSI), Near-Infrared Mapping Spectrometer (NIMS), and Photopolarimeter-Radiometer (PPR)) covering the Zamama-Thor region of Io's antijovian hemisphere, and produced a geomorphological map of this region. This is the third of three regional maps we are producing from the Galileo spacecraft data. Our goal is to assess the variety of volcanic and tectonic materials and their interrelationships on Io using planetary mapping techniques, supplemented with all available Galileo remote sensing data. Based on the Galileo data analysis and our mapping, we have determined that the most recent geologic activity in the Zamama-Thor region has been dominated by two sites of large-scale volcanic surface changes. The Zamama Eruptive Center is a site of both explosive and effusive eruptions, which emanate from two relatively steep edifices (Zamama Tholi A and B) that appear to be built by both silicate and sulfur volcanism. A ∼100-km long flow field formed sometime after the 1979 Voyager flybys, which appears to be a site of promethean-style compound flows, flow-front SO₂ plumes, and adjacent sulfur flows. Larger, possibly stealthy, plumes have on at least one occasion during the Galileo mission tapped a source that probably includes S and/or Cl to produce a red pyroclastic deposit from the same vent from which silicate lavas were erupted. The Thor Eruptive Center, which may have been active prior to Voyager, became active again during the Galileo mission between May and August 2001. A pillanian-style eruption at Thor included the tallest plume observed to date on Io (at least 500 km high) and new dark lava flows. The plume produced a central dark pyroclastic deposit (probably silicate-rich) and an outlying white diffuse ring that is SO₂-rich. Mapping shows that several of the new dark lava flows around the plume vent have reoccupied sites of earlier flows. Unlike most of the other pillanian eruptions observed during the Galileo mission, the 2001 Thor eruption did not produce a large red ring deposit, indicating a relative lack of S and/or Cl gases interacting with the magma during that eruption. Between these two eruptive centers are two paterae, Thomagata and Reshef. Thomagata Patera is located on a large shield-like mesa and shows no signs of activity. In contrast, Reshef Patera is located on a large, irregular mesa that is apparently undergoing degradation through erosion (perhaps from SO₂-sapping or chemical decomposition of sulfur-rich material) from multiple secondary volcanic centers.     

Near Infrared Spectra of two Asteroids with low Tisserand Invariant

We present near infrared reflectance spectra from 0.8 to 2.5 μm of two asteroids with low Tisserand invariant, 1373 Cincinnati and 2906 Caltech. We compare our spectra with cometary nuclei and other asteroids in their class. Asteroids Cincinnati and Caltech have Tisserand invariant values of 2.72 and 2.97, respectively, values less than 3 are considered suggestive of cometary origin. The observed spectral slopes in the near-infrared are consistent with both the spectra of cometary nuclei and of primitive asteroids. However, both asteroids have features in the near-infrared that are not seen in cometary nuclei, but are present in other X-type asteroids. 1373 Cincinnati has a sharp slope change between 0.75 and 1.0 μm and 2906 Caltech has a broad and shallow absorption between 1.35 and 2.2 μm. Our attempts to model the visible and near-infrared spectrum of these two objects, with the components successfully used by Emery and Brown (2004, Icarus 164, 104–121) to fit Trojan asteroids, did not yield acceptable fits.Visiting Astronomer at the Infrared Telescope Facility, which is operated by the University of Hawaii under contract to the National Aeronautics and Space Administration.     

The Ebro Deep-Sea Fan system

The Ebro Fan System consists of en echelon channel-levee complexes, 50×20 km in area and 200-m thick. A few strong reflectors in a generally transparent seismic facies identify the sand-rich channel floors and levee crests. Numerous continuous acoustic reflectors characterize overbank turbidites and hemipelagites that blanket abandoned channel-levee complexes. The interlobe areas between channel complexes fill with homogeneous mud and sand from mass flow and overbank deposition; these exhibit a transparent seismic character. The steep continental rise and sediment “drainage” of Valencia Trough at the end of the channel-levee complexes prevent the development of distributary channels and midfan lobe deposits. Margin setting represents fan and/or source area     

Magnetic remanence acquisition in Finnish lake sediments

Summary. Magnetic studies have been carried out on organic sediments from five Finnish lakes to determine the carrier(s) of the stable NRM and to find how the remanence is acquired. Single or pseudo-single domain 'magnetite' is thought to carry the NRM. It was found that drying and cooling sediment samples resulted in a loss of NRM which was attributed to the misalignment of small magnetic particles. Low-field experiments were carried out on sediment samples in different physical states and from the results of these investigations it was concluded that post-depositional processes are important in the acquisition of an NRM. Stabilization of magnetic grains is thought to be due to the growth of gels in the organic sediment rather than to dewatering.     

Current Atmospheric Deposition Loads and Their Trends in the Czech Republic Determined by Mapping the Distribution of Moss Element Contents

Biomonitoring of atmospheric deposition loads of 13, 14 and 35 elements and their compounds through moss analysis was carried out in the Czech Republic (CZ) in 1991, 1995 and 2000, respectively. The last biomonitoring campaign revealed very high contents of typical soil elements and lanthanides in southern Moravia. The variations in current element contents in moss, which can be explained by the action of six factors, were correlated with altitude, with total biennial precipitation, and with the bedrock types in the sampling plots. The element contents in moss samples repeatedly collected from the identical plots showed a steady decrease in atmospheric deposition loads in the CZ in the last decade of the 20th century. The main reasons for this phenomenon are listed. The results of cluster analyses and PCAs have found no substantial changes in the qualitative element composition of atmospheric deposition in CZ in recent years. Isoline maps are presented, which document changes in the distribution of Cd, Pb and S contents in moss in 1995 and 2000. An estimate of absolute deposition loads (g m^–2 year^–1) for given areas of the CZ can be made, using the list of bulk deposition indices.     

Effects of the closure of a major sewage outfall on sublittoral, soft sediment benthic communities

The present study examines the benthos within western inner Swansea Bay (Wales, UK), for the period before, during and immediately after the cessation of a major, sewage discharge from Mumbles Head. There have been significant improvements in seawater quality and changes in the species composition of the benthic communities following the cessation of the sewage discharge. There has been an increase in the diversity of deposit feeders, especially the amphipods, and a decrease in the diversity of the filter feeders, especially the polychaetes. Changes are not attributable either to sediment organic matter content or to gross changes in sediment type, but are related to the significant reduction in suspended particulate organic material and sewage contaminants discharged to the Bay. A recovery model has been proposed to describe how soft sediment benthic communities in a shallow, sublittoral, high tidal energy environment respond to the abrupt cessation of a major sewage discharge.     

Effects of observed and experimental climate change on terrestrial ecosystems in northern Canada: results from the Canadian IPY program

Tundra and taiga ecosystems comprise nearly 40?% of the terrestrial landscapes of Canada. These permafrost ecosystems have supported humans for more than 4500?years, and are currently home to ca. 115,000 people, the majority of whom are First Nations, Inuit and Métis. The responses of these ecosystems to the regional warming over the past 30?C50?years were the focus of four Canadian IPY projects. Northern residents and researchers reported changes in climate and weather patterns and noted shifts in vegetation and other environmental variables. In forest-tundra areas tree growth and reproductive effort correlated with temperature, but seedling establishment was often hindered by other factors resulting in site-specific responses. Increased shrub cover has occurred in sites across the Arctic at the plot and landscape scale, and this was supported by results from experimental warming. Experimental warming increased vegetation cover and nutrient availability in most tundra soils; however, resistance to warming was also found. Soil microbial diversity in tundra was no different than in other biomes, although there were shifts in mycorrhizal diversity in warming experiments. All sites measured were sinks for carbon during the growing season, with expected seasonal and latitudinal patterns. Modeled responses of a mesic tundra system to climate change showed that the sink status will likely continue for the next 50?C100?years, after which these tundra systems will likely become a net source of carbon dioxide to the atmosphere. These IPY studies were the first comprehensive assessment of the state and change in Canadian northern terrestrial ecosystems and showed that the inherent variability in these systems is reflected in their site-specific responses to changes in climate. They also showed the importance of using local traditional knowledge and science, and provided extensive data sets, sites and researchers needed to study and manage the inevitable changes in the Canadian North.     

Preparing for climate change in Washington State

Climate change is expected to bring potentially significant changes to Washington State’s natural, institutional, cultural, and economic landscape. Addressing climate change impacts will require a sustained commitment to integrating climate information into the day-to-day governance and management of infrastructure, programs, and services that may be affected by climate change. This paper discusses fundamental concepts for planning for climate change and identifies options for adapting to the climate impacts evaluated in the Washington Climate Change Impacts Assessment. Additionally, the paper highlights potential avenues for increasing flexibility in the policies and regulations used to govern human and natural systems in Washington.     

Twentieth century ENSO characteristics in the IPCC database

In this paper, we assess and compare to observations the spatial characteristics of the twentieth Century ENSO SST variability simulated by 23 models of the IPCC-AR4/CMIP3 database. The analysis is confined to the SST anomalies along the equatorial Pacific and is based on the use of a non-linear neural classification algorithm, the Self-Organizing Maps. Systematic biases include a larger than observed proportion for modelled ENSO maximum variability occurring in the Western Pacific. No clear relationship is found between this bias and the characteristics of the modelled mean state bias in the equatorial Pacific. This bias is mainly related to a misrepresentation of both El Niño and La Niña termination phases for most of the models. In contrast, the onset phase is quite well simulated. Modelled El Niño and La Niña peak phases display an asymmetric bias. Whereas the main bias of the modelled El Niño peak is to exhibit a maximum in the western Pacific, the simulated La Niña bias mainly occurs in the central Pacific. In addition, some models are able to capture the observed El Niño peak characteristics while none of them realistically simulate La Niña peaks. It also arises that the models closest to the observations score unevenly in reproducing the different phases, preventing an accurate classification of the models quality to reproduce the overall ENSO-like variability.